Kingsway International Christian Centre, a 12,000-member mega church in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million to a Ponzi scheme after trustees carelessly invested money in it. The scam was the brainchild of former Premier League soccer player, Richard Rufus, who used to be a defender for Charlton Athletic. He promised investors […]
Month: December 2016
Perm Sec bolts away with 40 cars
A former Federal permanent secretary, abbreviated as Perm Sec, retired from office recently and bolted away with 40 brand new SUVs and other vehicles. The startling revelation was made today by Minister of Information and Culture, Alhaji Lai Mohammed, while explaining President Muhammadu Buhari’s well-articulated strategy in the fight against corruption in the country. Mohammed […]
Severance: Why we paid OGD appointees — Amosun
Ogun State Governor, Senator Ibikunle Amosun, yesterday presented severance allowance cheques to political office holders who served during the administration of former Governor, Otunba Gbenga Daniel, between 2007 and 2011 as well as those who served during his first term of office between 2011 and 2015. While addressing the beneficiaries at the Arcade ground, Governor’s […]
Financial Markets reopen after Christmas Holiday
Financial markets reopen in Nigeria on Wednesday, after the two-day national holiday declared to celebrate Christmas and Boxing Day. The Nigerian stock market is open for business and as the year winds down, analysts expect sentiments to remain positive. At the close of Friday’s session, the market closed negative for the first time in four […]
Wike proposes N470bn for Rivers 2017 Budget
The Governor of Rivers State, Nyesom Wike, has presented a budget of 470 billion Naira for the 2017 fiscal year in the state in south-south Nigeria. The budget, named ‘The Golden Jubilee Budget for Accelerated Development,’ was presented to lawmakers at the House Assembly on Wednesday in Port Harcourt, the state’s capital. Governor Wike expressed […]
Health Union begins warning strike in Delta
Members of the Joint Health Sector Union (JOHESU) in Asaba, Delta State, have embarked on a warning strike, which they attribute to the alleged refusal of the Ministry of Health to pay their outstanding salaries. The workers who gathered at the Federal Medical Centre, Asaba, have also called on the authorities to respect all the […]
FG to make board appointments from early 2017 — Presidency
The Presidency says the appointments into the Federal Government’s boards, parastatal and agencies will be “fully back on track” at the beginning of 2017. A Presidential Media aide, Malam Garba Shehu, made this known in an interactive session with State House correspondents in Abuja on Tuesday. The News Agency of Nigeria (NAN) reports that the […]
Nigeria loses N94bn to gas flaring in 3 months
Nigeria lost at least 94 billion naira to gas flaring between July and August 2016. That is according to a monthly report from the Nigerian National Petroleum Corporation (NNPC) which shows that oil and gas companies flared a total of 87.03 billion standard cubic feet of natural gas within that period. A breakdown of the […]
Budget Scandal: Jibrin lands in more trouble
By Mayowa Okekale, Abuja Abdulmumin Jibrin, suspended member of the House of Representatives, seems to have been thrown into yet another fresh trouble, following the publication of the report of his ownership of five foreign accounts in Backlays Bank and property located at No. 81, Cotswold Gardens, London, NW2, 1PE in London. A member of […]
American billionaire volunteers to sponsor education of rescued Chibok girls
A black American billionaire, Mr Robert Smith, has volunteered to sponsor the education of 24 girls from Chibok Community, including the 21 recently rescued Chibok schoolgirls. Malam Garba Shehu, the Senior Special Assistant on Media and Publicity to the President, made this known to State House correspondents in Abuja on Tuesday. He said beneficiaries of […]