Presenting the report during plenary on Wednesday, the chairman of the ad hoc committee, Henry Zacharia, said that most of the loans obtained under El-Rufai’s administration were not used for the purpose for which they were obtained, while in some cases, due process was not followed in securing the loans. Receiving the report, the Speaker…
The Managing Director of NDIC, Bello Hassan, disclosed this in a briefing on the liquidation of the bank in Abuja on Wednesday. The NDIC commenced the liquidation of Heritage Bank following the revocation of its banking license by the Central Bank of Nigeria (CBN) on Monday. Hassan said the total bank deposits at Heritage Bank…
Trust Africa News gathered that the Petroleum Industry Act, 2021, introduced the Frontier Exploration Fund to support exploration and development in Nigeria’s frontier acreages. These areas include regions like Anambra, Dahomey, Bida, Sokoto, Chad, and Benue where hydrocarbon exploration is yet to occur or remains undeveloped. The PIA further stated that the Fund, constituting 30%…
“One of the grounds on which the Tribunal predicated the dismissal of our petition is our alleged failure to demonstrate infractions that occurred on the BVAS machines, which we had no access to,” he said. “Thirty minutes into the delivery of the judgment, it was published by Sahara Reporters. How did they get the judgment?”Gabam…
Fidelity Bank Plc, also known as “Fidelity Bank” or the “Bank,” has completed all required preparations to raise up to ₦127,100,000,000.00 (one hundred twenty-seven billion, one hundred million naira) through a public offer and a rights issue to current shareholders (the “Combined Offer”). The Central Bank of Nigeria (“CBN”) on March 28, 2024, updated the…
As part of efforts to enhance employer-employee relations and business success, Future Eagle Consultants is excited to announce the upcoming Business Expo & Employee Engagement event. This pivotal event is scheduled for June 15th, 2024, at the esteemed BeniGold Hotel in Parkview, Ikoyi, Lagos. In a statement, Mrs. Bukola Adebusoye, Chief Executive Officer of Future…
Joseph Aloba, father to the late singer, Ilerioluwa Aloba, aka Mohbad, was on Monday grilled by officers of the Force Criminal Investigation Department, Alagbon in the Ikoyi area of Lagos State over a petition filed by Oba Saheed Elegushi. The head of the Aloba legal team, Monisola Odumosu, said in a statement on Tuesday that…
British Prime Minister Rishi Sunak and opposition Labour Party leader Keir Starmer sparred on Tuesday night over tax, the cost of living, and the country’s creaking health system in an inconclusive televised debate ahead of the July 4 general election. The election is expected to make one of them the country’s next leader. Sunak tried…
Nigerian Guild of Editors (NGE) has condemned the frequent abduction and arrest of journalists in the country by security agencies, especially the Nigeria Police Force (NPF), under the guise of enforcing the Cybersecurity Act. The Guild warned of the consequences of such illegal actions on press freedom. The professional body of media executives and senior…
