Daily Archives: December 11, 2012

COVER lamorde-efcc
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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 in Abuja Monday

COVER oshiomhole1
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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

COVER tambuwal-new
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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 the state of roads does not reflect the huge amount.

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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

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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 Economy, Prof. Ngozi Okonjo-Iweala