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Sunday , 26 February 2017


Osinbajo Sacks 9 Aviation Directors,After Revealing Suprise Visit


Osinbajo has been described as an action Ag. president,just as he,on Friday approved the sack of all the directors in the Nigerian Civil Aviation Authority (NCAA) with immediate effect. In all, nine directors were shown the exit by the Minister of State for Aviation, Sen. Hadi Sirika, after the approval by the federal government. Most likely the suprised visit to ...

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CBN reintroduces charges on cash deposits, withdrawals


The Central Bank of Nigeria on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals. This came about three years after the apex bank stopped the charges.  In a circular to all Deposit Money Banks posted on its website, the regulator said the decision to reintroduce the charges on cash deposits was part of ...

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Heritage Bank, 7 others sealed over Tax evasion mess

heritage bank office

The Enugu State Board of Internal Revenue has sealed off eight banks in the metropolis, for failure to remit about 1Billion Naira tax to the government.Heritage bank is one of the affected..others are Access Bank PLC, Stanbic IBTC Bank, Skye Bank, Union Bank, Unity Bank, Keystone Bank and Sterling bank. The Chairman, Enugu State Board of Internal Revenue, Mr Emeka Odo ...

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Stella Oduah’s accounts in 21 banks frozen


This is certainly not the best of times for Senator Stella Oduah as Justice Abdulaziz Anka of the Federal High Court Lagos on Wednesday issued an order, restraining  her and Sea Petroleum and Gas Company  Limited from making any withdrawals from its account and those of three other companies domiciled with 21 banks. The other companies are: Sea Shipping  Agency ...

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CBN axe dangles on erring bank CEOs

Chief Executive Officers and other officers of commercial banks that violate the new foreign exchange policy unveiled by the Central Bank of Nigeria (CBN) will henceforth be sanctioned, the apex bank warned. “Any bank that fails to comply with the rules of this and other extant forex guidelines shall be sanctioned, which will affect the executive and other officers of ...

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Tension As Osinbajo wields power; refuses to sign bills, floats $500m Eurobond.


The Acting President, Prof. Yemi Osinbajo, is showing with each passing day that he is capable of decisions.he shocked the National Assembly hours ago by  withholding assent to four bills already passed by the National Assembly..the senators are unhappy,feeling he is going beyond his limit.. ..  and on Wednesday he made another bold move when he wrote the National Assembly, ...

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MMM victim, who drank insecticide, dies in Abuja


A ponzi investor identified as Ada Kole has died in Kubwa, a satellite town in the Federal Capital Territory after drinking insecticide following the crash of the MMM scheme. The young man, whose wedding was rescheduled from December last year to May, 2017 reportedly died on Monday night following complications  arising from the poison he took late last year. Kole ...

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Bishop Oyedepo Collects N35m from Army General who stole N19.7 billion


An Economic and Financial Crimes Commission (EFCC) witness,  on Friday, informed  a Federal High Court sitting in Lagos how the Bishop David Oyedepo-owned Living Faith Church received the sum of N35 million from Major-General Emmanuel Atewe, a former Commander of joint Task Force (JTF). Major-General Atewe is being prosecuted for alleged involvement in a  N19.7 billion fraud. Mr. Ikem is ...

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EXPOSED. Arumemi Destroyed Arik With Marabout..& 5 other factors

Arumemi of Arik

Arik Air is currently on life support at the intensive care unit of the Asset Management Company of Nigeria, AMCON for short…out of over N352.5 billion debt owed by Arik Air over N147 billion belonged to AMCON…There are reasons for the big fall of this promising enterprise..Below are seemingly unimportant ,but weighty reasons behind the crash of Arik. (1)Arik Air ...

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Heritage Bank repositions for improved performance

heritage bank md

Heritage Bank PLC has restructured its operations in a bid to enhance greater efficiency and resource optimization in line with its growth and industry innovative agenda designed to strengthen its business across all markets where it operates. According to a statement from the bank, the restructuring process was to upscale the institution’s activities in the strategic sectors of the economy ...

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