Month: March 2018
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Fraud Charges stalls Uwajeh Arraignment over Easter Vacation
Plans by the federal government to arraigned Victor Uwajeh before Justice John Tsoho of the federal high court Abuja over allegations bordering on fraud, impersonation and forgery was stalled yesterday due to Judges Easter Vacation. The court however,yesterday fixed 18 April, 2018 for his arraignment. At the last adjourned date, the trial judge had ordered…
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At last, FAAC shares N647.390bn February allocation to FG, States, LGAs
By Joseph INOKOTONG The Federation Accounts and Allocation Committee (FAAC) meeting which was declared inconclusive Tuesday, was Wednesday concluded and revenue figures presented by the AGF was adopted and shared among the three tiers of Government. The acceptance of the figures by the members of FAAC followed consultations made by the Minister of Finance, Accountant-General…
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Between Uwajeh’s calumny Senator Uba and law
By Kenneth Atavti Recently, series of reports have been in circulation in both print and electronic media linking of a distinguish lawmaker in the Nigerian Red Chambers to a certificate scandal as well as the purported assassination plot. Considering the reputation of the man involve, the reports have sparked controversy within the rank and files…
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Allegations are not only false, but a calculated attempt to trample upon my reputation- Sen Andy
The All Progressive Congress (APC) Senator representing Anambra South Senatorial District in the Senate, Senator Andy Uba yesterday denied the allegations peddled from some quarters and individuals that the West African Examination Council (WAEC) certificate he obtained in 1974 is fake. This is just as he faulted the allegations credited to one Victor Osita Uwajeh…
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National Planning Minister, Udoma loses brother
By Joseph INOKOTONG The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has confirmed the death of his immediate elder brother, Mr Inam Udo Udoma. The sad development happened last Tuesday morning,March 13, 2018, after a brief illness. He was 66 years old. A statenent signed by Akpandem James Special Adviser (Media) to…
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Inflation drops to 14.33% – NBS
By Joseph INOKOTONG Inflation in Nigeria stood at 14.33 per cent in February, slowing for the 13th month in a row, and driven by a decline in the pace of food price increases, the statistics office said on Wednesday. The food price index showed inflation at 17.59 per cent in February, compared with 18.92 per…
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Alleged Assassination Attempt: A ploy by Uwajeh to scuttle arraignment – Lawyers
By Udenta Udenta A group, Nigerian Lawyers Renaissance Forum yesterday described the alarm raised by embattled self – acclaimed United Kingdom Private investigator Victor Uwajeh alleging that Senator Andy Uba want to kill him as another ploy to scuttled his arraignment before a federal High court in Abuja. Embattled Uwajeh will be arraigned before a federal…
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Diamond Bank Marches to end Endometriosis
By Joseph INOKOTONG With over 100, 000 Nigerian women suffering from Endometriosis every year and a general – but sorely harmful – lack of awareness for the condition, there has never been a more important time to keep motivated and #PressforProgress in the awareness and treatment of Endometriosis. Last weekend, as part of its activities…
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NDIC to investigate Banks’ failure to file returns on fraud cases, as theft peaked ₦12.01bn in 2017
By Joseph INOKOTONG The Nigeria Deposit Insurance Corporation (NDIC) is to investigate some banks for the inadequate rendition of returns to the Corporation on fraud, forgeries, and cases involving members of their staff who were either dismissed or had their appointments terminated on grounds of fraudulent activities. Section 35 and 36 of the NDIC Act No.…
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CBN Injects $210m In wholesale, SMEs, others, FOREX Segments
By Joseph INOKOTONG The Central Bank of Nigeria (CBN), Monday stepped up the supply of foreign exchange to ensure adequate liquidity to customers in various segments of the market, with another $210million to the inter-bank Foreign Exchange Market. In a statement, the CBN stated that about $100 million was offered to authorised dealers in the…