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Tag Archives: slideshow.redeployment

‘Reps okayed N2b for Ajaokuta..White Elephant project ?

With $8 billion down the drain, the Federal Government has shut the cash tap on troubled Ajaokuta Steel complex. Solid Minerals Development Minister Kayode Fayemi yesterday said the government had spent $8billion on the facility since 1979 and would no longer put public cash in it. He said the government preferred to attract private investors to the plant and make ...

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Elumelu Foundation to create 1m jobs in Africa in 10 years

Tony Elumelu, UBA

The Chief Executive Officer, Tony Emulelu Foundation Lagos, Mr Tony Emulelu, said on Tuesday the organisation would create over one million jobs across Africa in the next 10 years through its entrepreneurship Programme. The foundation floats the over N3 trillion entrepreneurship. Tony Elumelu Emulelu, a former Managing Director of United Bank for Africa (UBA) Plc, said this through a tele-conference ...

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Buhari approves payment of N25.99bn debt to Discos @ FEC meeting

president buhari Muhammadu

The Federal Executive Council (FEC) on Wednesday approved the settlement of N25.99 billion debt owed power Distribution Companies (Discos) by the Federal Government. The Minister of Work, Power and Housing, Babatunde Fashola briefed State House correspondences at the end of FEC presided over by President Muhammadu Buhari. According to him, the amount, which has been verified was owed by the Federal Government’s Ministries, ...

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EFCC seizes Adamawa ex-acting gov, Fintiri’s N500m house

The Economic and Financial Crimes Commission has seized a terrace house belonging to a former acting Governor of Adamawa State, Umaru Fintiri. The house is located on No. 7, Gana Street, Maitama, Abuja. One of our correspondents, who visited the house, was told that the property was worth about N500m. The house had painted at its entrance the inscription, ‘EFCC, ...

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FRSC redeploys officers

The Corps Marshal of the Federal Road Safety Commission (FRSC), Boboye Oyeyemi, has approved redeployment of some senior officers to step up effectiveness of the commission. The Head, Media Relations and Strategy, FRSC, Bisi Kazeem, disclosed this in a statement in Abuja yesterday. He said “Affected principal officers include: Mr. Austin Aipoh, Head, Command Administration and Strategy at the headquarters ...

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