archive2020

Justice Adie A. Onyebueke of the Cross River State High Court, Akamkpa, has sentenced one Augustine Effiong Bassey to five years imprisonment for stealing N27 million, belonging to a microfinance bank, where he was a branch manager. He was prosecuted by the Enugu Zonal Office of the Economic and Financial...

The Federal Government generated N416.01 billion as Company Income Tax (CIT), the National Bureau of Statistics (NBS) says. The bureau said this in its “Company Income Tax by Sectors 2015 – Quarter Three (Q3 2020)’’ obtained from its website on Thursday in Abuja. It said that the amount was against...

Dr Olisa Agbakoba, (SAN) has written to Senate in respect of the amendment of Section 1(1) of the Constitution on the so-called Supremacy Clause, provided at Chapter 1, Part 1 of the Constitution which provides as follows at Section 1. (1) This Constitution is supreme and its provisions shall have...

Transcorp Power Consortium has paid an equivalent of N26.25billion being 25 per cent of the N105.3 billion winning price for the Afam Power Plc to formally takeover the assets of the company. Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, speaking at the formal handover...

An #EndSARS protesters’ lawyer, Mr Adesina Ogunlana, has asked the Lagos State Judicial Panel of Inquiry to summon the Minister of Works and Housing, Mr Babatunde Fashola. The panel is probing the alleged killing of protesters by soldiers at the Lekki tollgate on October 20. Ogunlana told the retired Justice...

The Nigerian Electricity Regulatory Commission (NERC) has notified the public of the second electricity tariff review this year as it called for comments within 21 days. In a notice it published on Wednesday, the power sector regulator said the tariff review is for the Distribution Companies (DisCos), the Generation Companies...

Vice president Yemi Osinbajo has said the idea of a partnership between the Federal Government and technology companies to develop an eco-system of competent Nigerians working in the service sector and even outsourcing their expertise abroad is a welcome development and a step in the right direction in job creation....

    The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr Sunday Thomas has revealed that four new insurance firms and one reinsurance company have been licensed to operate in the country. The new firms are: Heir Insurance Limited (General); Stanbic IBTC Insurance Limited; Heirs Life Assurance Limited; Enterprise Life...

  The Federal High Court sitting in Abuja has struck out the case filed by the Socio-Economic Rights and Accountability Project (SERAP) against Minister of Information and Culture and National Broadcasting Commission (NBC). The Court said SERAP has no locua standi in the case as it is not a part...

    A Federal High Court in Abuja has granted bail to Senator Ali Ndume, who was ordered on Monday to be remanded in Kuje Correctional Centre, Abuja for failing to produce former Chairman, defunct Pension Reformed Task Team (PRTT), Abdulrashed Maina, whom he stood surety for. Ndume, who represents...