Daily Archives: December 11, 2012
Okonjo-Iweala’s mum: Kidnappers demand $1 billion ransom
The kidnappers who abducted 82-years-old Prof. Kanene Okonjo, mother of Finance Minister, Dr. Ngozi Okonjo-Iweala at her family home in Ogwashi Uku, Delta State, may be demanding $1 billion ransom. Read More »
…Security operatives take over Ogwashi-Uku
Barely 24 after the kidnap of Prof. Kanene Okonjo security operatives have taken over the polytechnic town of Ogwashi-Uku in Aniocha South Local Government Area of Delta State. Prof. Okonjo, mother of Nigeria’s Finance Minister and Coordinating Minister of the ... Read More »
Wreckless borrowing: Lawmakers raise alarm
Indications emerged yesterday that the cumulative foreign loans sought by the Presidency and the states have risen to $9.79 billion from an initial $7.93 billion. Chairman of the Senate Committee on Local and Foreign Debts Read More »
2013 budget impasse: World Bank begs Senate to okay $75 benchmark
Top officials of the World Bank have met with the Senate leadership in a bid to resolve the lingering logjam over the inability of the National Assembly to agree on a benchmark for the 2013 budget Read More »
Current revenue sharing formula illegal – Oshiomhole
Edo State Governor, Mr. Adams Oshiomhole, has described as illegal the current revenue sharing formula among the federating units in the country. Consequently, Oshiomhole has asked for immediate review of the formula to reflect the realities Read More »
Reps probe state of roads
The House of Representatives yesterday began investigation into the poor state of roads across the country, even as it disclosed that N4.14 trillion was appropriated by the National Assembly for the sector since 1999 till date. The Lower House said ... Read More »
N14bn laundered abroad by corrupt Nigerians – EFCC boss
The Economic and Financial Crimes Commission (EFCC) has disclosed that it has prosecuted over 44 persons involved in the fuel subsidy fraud since the probe by the National Assembly early in the year. EFCC chairman Ibrahim Larmode who revealed this ... Read More »
News Review: Why Okonjo Iweala’s mum may have been abducted
Strong reasons emerged last night to show that the kidnap of Prof. Kaneme Okonjo, mother of Finance Minister and Coordinating Minister of the Economy Dr. Ngozi Okonjo-Iweala may have been geared towards instilling fear into the minister and distract her ... Read More »
N1.4bn subsidy fraud: EFCC arraigns another oil marketer
The Economic and Financial Crimes Commission (EFCC yesterday arraigned an oil marketer and his firm before a Lagos High Court sitting in Igbosere over alleged theft of N1.4 billion from the Federal Government through the Petroleum Support Fund Read More »
Ghana’s elections: Jonathan congratulates President-elect Mahama
President Goodluck Jonathan has congratulated President John Mahama on his victory in last weekend’s presidential elections in Ghana. In a statement by the Special Adviser on Media and Publicity, Dr. Reuben Abati, Jonathan said President Mahama’s success in securing his ... Read More »
