Thursday , 21 November 2024

Author Archives: NewsThumb Magz

N20b UBEC ‘fraud’: EFCC seizes 5 houses from contractor

The Economic and Financial Crimes Commission (EFCC) has seized five houses from a contractor Prof. Adenekan Iyiola Adesanya for allegedly diverting about N8billion out of over N20billion spent by the Universal Basic Education Commission (UBEC) for the supply of textbooks, science and technical equipment to schools. The N8billion was meant for the purchase of science, technical and laboratory equipment to ... Read More »

BREAKING: Buhari meets security chiefs over insecurity

  President Muhamamdu Buhari on Thursday met behind closed doors with the nation’s security chiefs as part of efforts aimed at ending the spate of insecurity across the country. The meeting was held inside the President’s office at the Presidential Villa, Abuja. The Minister of Defence, Mansur Dan-Ali; and the National Security Adviser, Babagana Monguno, led the security chiefs to ... Read More »

Seven Governors, 20 Senators, Others For Obasanjo’s Coalition For Nigeria A former Nigerian president, Olusegun Obasanjo, is mobilising politicians and other Nigerians to sign on to his Coalition for Nigeria project, to oust President Muhammadu Buhari from office. Many of those consulted by Mr. Obasanjo are said to have signed on to his elaborate plan for a mass movement away ... Read More »

FirstBank lends to salary account holders

  First Bank of Nigeria Limited has created opportunities for salary accounts holders to unlock the wealth in their accounts. This is through the bank’s Personal Loan Against Salary (PLAS). According to Abiodun Famuyiwa, Group Head, Products & Marketing Support, FirstBank “salary account holders  can access up to N30 million to help them pursue capital projects, carry out renovation works ... Read More »

EFCC detains ex-SGF Lawal after eight-hour grilling After an eight-hour grilling, former  Secretary to the Government of the Federation (SGF) Babachir David Lawal was detained yesterday by the Economic and Financial Crimes Commission (EFCC). Lawal’s interrogation  by a team of detectives is expected to continue today. He is being investigated over a N200million contract awarded to a company, Global Vision ... Read More »

Eroton explains cause of Buguma 10 Gas Well fire Eroton Exploration and Production Company Limited has explained that illegal third-party activity and sabotage were the likely cause of a gas fire that broke out at  the Buguma 10 Gas Well, a gas well located within Oil Mining Lease 18 (OML18) recently. The firm offered this explanation in a statement adding ... Read More »

N400m fraud: Court orders Metuh to appear in court Feb. 5 or risk jail

l The Federal High Court, Abuja, has asked former Peoples Democratic Party(PDP) spokesman, Mr Olisah Metuh, to be present at his trial on Feb. 5 or face jail. Justice Okon Abang gave the order on Thursday, when he delivered ruling in an application filed by Metuh, seeking an adjournment to his trial on health grounds. The judge said that the letter which Metuh wanted ... Read More »

Presidency to Obasanjo: Nigeria doing better under Buhar

*Says Obasanjo may be too busy to notice progress by Buhari *Says 2019 talks, distraction The Presidency on Wednesday reacted to the letter by former President Olusegun Obasanjo stressing that Nigeria is doing better under the President Muhammadu Buhari’s administration than previous governments. Obasanjo in a letter on Tuesday had criticised Buhari’s government and urging him not to recontest in 2019 But briefing State ... Read More »

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