All posts by David Abellegah

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  PIB Suffers Setback, Rejected By North

  The oil sector is not safe yet, as the only hope forwarded as the saviour expected to clean up the oil sector has suffered immense setback. The Petroleum Industry Bill (PIB) referred to many as the magic...

  • Posted December 19, 2012
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  FG Gives out N3.5 billion to Federal University Lokoja

  N3.5 billion has been released so far for the take off of the Federal University, Lokoja, by the Federal Government. Initially N1.5 billion was disbursed for the provision of facilities at the temporary campus, then N2b for...

  • Posted December 18, 2012
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  Crime Watch: EFCC Re-Arrests Top Suspect For N32.8 Police Pension Theft

  Esai Dangabar was yesterday arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding the Police Pension Office of N32.8 billion. Esai Dangabar is one of the six accused persons being prosecuted for the crime,...

  • Posted December 18, 2012
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  Finance Minister Accuses Subsidy Fraudsters over Mothers Kidnap

  The Finance Minister, Dr. Ngozi Okonjo-Iweala’s mother was kidnapped on December 9 from her home in Ogwashi Uku, Delta State and released five days later. However, the minister is pointing fingers to certain quarters for kidnapping her...

  • Posted December 18, 2012
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  FG To Save N474b Through Weights And Measures Department

  The minister of Trade and Investment Mr. Olusegun Aganga, yesterday disclosed that through the implementation of the new policy on Weights and Measures the Federal Government would save about N474billion ($3billion). Aganga said now that the President...

  • Posted December 18, 2012
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  Pension Reform Task Team Vows to Recover N195bn Missing Pension Funds

  Over the years pension funds have enriched Nigerians saddled with the responsibility of heading the department. The worst part is pension funds seldom disappear without trace, however in the recent development, the alleged N195bn missing pension funds,...

  • Posted December 17, 2012
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  “Agricultural Sector has Attracted $8 Billion Foreign Direct Investment (FDI) In the Last One Year” – Akinwunmi

  During a workshop on Financing Nigeria’s Agricultural Revolution organised by the Securities and Exchange Commission (SEC), the Minister of Agriculture, and Rural Development, Adesina Akinwunmi said The Nigerian agricultural sector has attracted $8 billion foreign direct investment...

  • Posted December 17, 2012
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  CBN Responsible For Over 70% of Total Remittances to Govt

  In the wake of corruption in the country, monies called “operational surpluses”meant to be returned to the treasury are used for personal enrichment through fraudulent means. Recently remittances by Ministries, Departments, and Agencies (MDAs) to the government...

  • Posted December 14, 2012
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  Senate Approves N161.6 billion Subsidy Supplementary Budget, Accuses Presidency of Blackmail

  Just 17 days to the end of the year, senators have approved the N161.6 billion supplementary budget for fuel subsidy payment requested by President Goodluck Jonathan. The Senators approved the request reluctantly to avoid been held responsible...

  • Posted December 14, 2012
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  Amount of Cash Governor Lamido’s Son Possessed Higher than Declared – EFCC

  Aminu, the eldest son of Jigawa State Governor Alhaji Sule Lamido, was arrested at Mallam Aminu Kano Airport by Operatives of the Economic and Financial Crimes Commission and the Nigeria Customs Service on Wednesday for alleged money...

  • Posted December 13, 2012
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