All posts by David Abellegah

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  EFCC Ordered to Verify Babalakin’s ‘Illness’

  The trial for the Bi-Courtney Highway Services, Dr. Wale Babalakin, was stalled yesterday following his failure to appear before a Lagos High Court, Ikeja, where he was to be arraigned for allegedly laundering money. Dr. Wale Babalakin...

  • Posted November 30, 2012
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  National ID Cards Scheme to Kick Start with N6.3 billion

  The Federal Government has approved the sum of N6.3billion for the new identity card scheme. The money approved is for the importation of 30 million smartcards for the registration of Nigerians for a new identity card. The...

  • Posted November 29, 2012
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  Aso Rock Bonanza: FG to Splash N2.2 billion on New Banquet Hall

    The Federal Government plans to utilize N2.2 billion for the building of a banquet hall at the Presidential Villa, Abuja, for hosting parties, receptions, and other social events. The contract for the building of the banquet...

  • Posted November 29, 2012
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  Bank Fraud: N28 billion Lost To Fraudsters in 2011, Figures Expected To Rise

  A study conducted by the Nigerian Deposit Insurance Corporation has shown that the Nigerian banking sector recorded N28.4bn to cases of fraud and forgeries last year. Expectations are that the figures will rise hence there was an...

  • Posted November 29, 2012
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  Bi-Courtney Boss, Babalakin’s Trial Starts today

    Bi-Courtney Chairman Dr. Olawale Babalakin (SAN) has decided to face trial over the N3.4 billion allegedly laundered for ex-Governor James Ibori to buy a Challenger aircraft. It took the Chairman over a week to decide on...

  • Posted November 29, 2012
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  President Jonathan to end Nigeria’s over-reliance on oil

  If the promises of President Jonathan are anything to go by, then we look forward for a better, more diversified economy soon, as President Jonathan has promised to end Nigeria’s overdependence on oil. The president promised that...

  • Posted November 28, 2012
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  ‘Fire Them. Nigeria Doesn’t Need 100 Senators and 400 Reps to Make Laws’ – Lamido Sanusi

  The Nigerian economy and its leaders seem to be wallowing in a state of confusion, contention, and debate. Irrespective of the regrettable state of unemployment in the country, only yesterday, the Central Bank of Nigeria (CBN) Governor...

  • Posted November 28, 2012
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  Jonathan Sacks BPE Boss over $23.6m Transmission Company of Nigeria Contract

  The Bureau of Public Enterprises (BPE) boss, Ms. Bolanle Onagoruwa was sacked yesterday by President Jonathan following the flip-flopping over of the $23.6m Transmission Company of Nigeria contract awarded to Canadian firm, Manitoba. A source close to...

  • Posted November 28, 2012
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  2013 Budget: Police Ministry Proposes to spend N2.8 billion on Anti-terrorism

  The Nigeria Police Force has proposed to spend about N2.8bn next year to fight terrorism in the country. Minister of Police Affairs, Affairs, Navy Capt. Caleb Olubode (retd.), in his defence before the house committee on police...

  • Posted November 27, 2012
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  EFCC Insists N1.4 billion Subsidy Fraud Suspects Must Face the Law

  The Economic and Financial Crimes Commission (EFCC) yesterday told a Federal Capital Territory High Court that it has sufficient proof to put three suspects on trial for alleged N1.4billion fuel subsidy fraud. The N1.4b subsidy fraud suspects...

  • Posted November 27, 2012
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