My Nigeria…

You are browsing the archives of 2008 October.

President Umaru Yar’Adua called yesterday for the formation of an international coalition to combat the menace of drug counterfeiting.
Yar’Adua made the call at the meeting of the International Medical Products Anti-Counterfeiting Taskforce (IMPACT) in Abuja.
He said drug counterfeiting constituted a serious health problem that had become an everyday reality among developing nations. “Drug counterfeiting [...]

A Federal high court sitting in Abuja yesterday admitted a 34-year-old native sorcerer, Mr Mathew Sonoma (aka Perekambowei Ogah), to bail in the sum of N5million.
Sonoma is standing trial before the high court for allegedly defrauding the ex—Chairman of the Niger Delta Development Commission (NDDC), Ambassador Sam Edem to the tune of N761million.
But the high [...]

THE Governor, Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, yesterday, raised fears over the future of the global economy, saying the current global financial crisis is the beginning of a long period of economic crisis across the globe which requires a new thinking by policy makers.
He said that aside from the cost of [...]

JUSTICE Joseph Oyewole of the Ikeja High Court yesterday formally struck out the six count charge of fraud filed against Mr Jimoh Ibrahim, Chairman NICON Insurance Plc.
The EFCC had filed a suit against Ibrahim alleging impropriety in the handling of the Board resolution of VGC Communications and that he allegedly forged some documents.
Ibrahim who [...]

Former Senate President, Chief Ken Nnamani, has decried the statement made by the National Chairman of the Peoples Democratic Party (PDP), Prince Vincent Ogbulafor, that the party will rule Nigeria for the next 60 years.
At the party’s First National Stakeholders Forum in Uyo, Akwa Ibom State last weekend, Ogbulafor had said the party would rule [...]

It was a stormy session yesterday as Lagos-based lawyer, Festus Keyamo, testified before the House of Representatives Committee on Ethics and Privileges investigating the alleged fraud in the purchase of 380 Peugeot 407 cars by the House.
Keyamo rose stoutly in defence of his allegation that the House leadership and Peugeot Automobile Nigeria Limited (PAN) involved [...]

An Ikeja High Court sitting in Lagos was yesterday told that there was no evidence on how contracts awarded in the Nigerian Port Authority (NPA) under the leadership of Chief Olabode George (1st defendant) was inflated as contained in the charges brought against him.
First prosecution witness, Mr. Ayoola Elijah Ajala, made this revelation yesterday before [...]

Nigeria may have complied with the decision of the Organization of Petroleum Exporting Countries (OPEC) on production cut as the Nigerian National Petroleum Corporation (NNPC) yesterday directed that cargoes in November and December lifting programmes be reduced by five percent.
A statement issued by NNPC and signed by the Group General [...]

Former Chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu, yesterday asked a Federal High Court in Lagos to protect him against those he described as “powerful forces” rallying against him.
Ribadu had dragged the Police Service Commission (PSC), the Inspector General of Police (IGP) and the Attorney-General of the Federation (AGF) and [...]

PRESIDENT Umaru Yar’Adua is proposing a N2.67 trillion budget for 2009, a marginal decrease from this year’s N2.7 trillion budget.
The Federal Government, according to the budget circular seen by Vanguard, expects about N4.5 billion to accrue into the federation revenue account, all of which will come from oil, tax and other sources.
Being entitled [...]