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All posts by David Abellegah

  • FG and PHCN Reach Settlement, Privatization To Be Fast-Tracked

    The long battle between the Power Holding Company of Nigeria workers and the Federal Government has ended as the Federal Government on Tuesday agreed to sign an agreement with the workers’representatives on the payment of their severance...

    • Posted December 13, 2012
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  • President Jonathan Asks For N161.6 Billion Supplementary Fuel Subsidy Budget

    Just nineteen days to the end of the year, President Goodluck Jonathan has called on the Senate to approve over N161.6 billion supplementary fuel subsidy budget for this year. It would be recalled that over N880.3 billion...

    • Posted December 12, 2012
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  • Excess Crude Account: State Governors Insist on $1bn pre-Xmas Payment

    The Plagued Nigerian fuel sector seems to be headed towards doom as fuel crisis intensifies. After paying N881billion, this year as subsidy claims, the Federal Government has N100billion outstanding subsidy claims to settle. Accompanied by Governors Kayode...

    • Posted December 12, 2012
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  • NLC, NUP Insist Pension Reform Team Must Be Sacked

    The Nigeria Labour Congress has called on the Federal Government to sack the Alhaji Abdulrasheed Maina-led Pension Reforms Task Team for purportedly deserting and ignoring Nigerian pensioners. The President of the NLC, Mr. Abdulwaheed Omar, said this...

    • Posted December 12, 2012
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  • EFCC to Declare Ex-Governor Audu Wanted Over Alleged N4 billion Fraud

    The Economic and Financial Crimes Commission (EFCC) yesterday said it has concluded all modalities to declare former Kogi State Governor, Alhaji Abubakar Audu, wanted over alleged N4bn fraud. A statement by the spokesperson for the EFCC, Mr....

    • Posted December 12, 2012
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  • $7.9b loan: Senate Warns States over Careless Borrowing

    The Senate has warned state governments against careless borrowing, saying it would not agree to every demand. Chairman, Senate Committee on Local and Foreign Loans, Senator Ehigie Uzamere sounded the warning during a meeting set for the...

    • Posted December 11, 2012
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  • Crime Watch: EFCC Seized N15.5b at airports – Lamorde

    The Economic and Financial Crimes Commission (EFCC) Chairman Ibrahim Lamorde yesterday said this year alone the commission has intercepted N15.5 billion at the nation’s airports.   Speaking at the 2012 International Anti-Corruption Day celebrations, with the theme...

    • Posted December 11, 2012
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  • Crime Watch: EFCC Moves to Investigate Illegal Clearance of 35 Containers

    Officers of the Economic and Financial Crimes Commission (EFCC) are set to pounce on importers and clearing agents at the Lagos ports today to investigate the illegal clearance of 35 containers. The 35 containers were bound for...

    • Posted December 10, 2012
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  • Ogun Speaker, Others Beckoned on by ICPC for N168m Fraud

    The Speaker of the Ogun State House of Assembly, Suraj Adekunbi is involved in an alleged N168m car fraud. He is to appear before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Monday (today)....

    • Posted December 10, 2012
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  • Bi-Courtney Claims Vindicated by ICRC Report

    Bi-Courtney Highways Services Ltd has claimed that the report presented by report of the Infrastructure Concession Regulatory Commission (ICRC) justified the firm’s position on the Lagos-Ibadan Expressway. According to a statement issued by Bi-Courtney Highways Services Ltd,...

    • Posted December 10, 2012
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