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All posts by David Abellegah

  • Court to Hear Otedola’s N250 billion Suit Against House, Lawan and Tambuwal

    The legal tussle between oil mogul, Femi Otedola and the embattled former Chairman of the House of Representatives Ad-hoc Committee on fuel subsidy probe, Farouk Lawal is set to begin November 23. The date was fixed yesterday...

    • Posted November 9, 2012
    • 1
  • Ribadu report is incomplete, useless- Presidency

    The report submitted by the Petroleum Revenue Special Task Force (PRSTF) headed by Nuhu Ribadu is already losing its credibility just one week after submission, as the neutrality and fair mindedness of Ribadu and his team is...

    • Posted November 9, 2012
    • 4
  • Okonjo-Iweala’s life threatened by Oil Barons

    The life of the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has been threatened by indicted Oil Barons in the Country. The development is gradually taking away her freedom and rights, with...

    • Posted November 9, 2012
    • 2
  • FG approves contracts worth N59.8bn for Infrastructure Projects

      The Federal Executive Council, FEC, yesterday, approved contracts worth N59.8 billion for rehabilitation of the Economic Community of West African States (ECOWAS) Parliamentary building, the construction of the Mambila Hydro Electricity Dam projects and road construction....

    • Posted November 8, 2012
    • 0
  • Senators Caution President Jonathan’s N1.23 trillion Debt Binge

    President Goodluck Jonathan’s plan to borrow externally to the tune of $7.905 billion (about N1.23 trillion) hit the rocks, as the move was criticized by the Senate.   The lawmakers argued that there was no rationale behind such big...

    • Posted November 8, 2012
    • 1
  • Diamond Bank Rebrands, Set to Open 70 new Branches

    Diamond Bank plc on Wednesday disclosed plans to open 70 new branches in 2013.   This was disclosed by the Group Managing Director/Chief Executive Officer, Diamond Bank, Dr. Alex Otti, during the unveiling of the bank’s new...

    • Posted November 8, 2012
    • 0
  • Poor Telecoms Service Quality Caused by System Overhaul- Minister

    Telecom service providers have attributed the poor quality service being experienced by mobile telephone users across the country to system overhaul, aggressive promotion of their brands, effects of flooding and preponderance of attacks by Boko Haram adherents....

    • Posted November 8, 2012
    • 0
  • ‘Presidency Plans to Bury Ribadu Report and Cover up Corruption’

      The presidency has been accused of directly conniving with the actors involved in the faceoff of the Nuhu Ribadu-led committee to rubbish the outcome and prevent the administration from accepting and implementing the recommendations.   This...

    • Posted November 7, 2012
    • 2
  • Fed Govt to Borrow $78 million from France for Water Projects

      THE Federal Government is to receive a $77.73 million loan from the French Development Agency (AFD) to co-finance the second National Urban Water Sector Reform Project (NUWSRP2) in Cross River and Lagos states.   According to...

    • Posted November 7, 2012
    • 1
  • Foreign Airlines Must Pay $249 million Fines, Royalties – Senate

      The Senate President, Senator David Mark, on Tuesday called on the Federal Government to authorize the Federal Ministry of Justice, Nigeria Civil Aviation Authority (NCAA), and the Economic and Financial Crimes Commission (EFCC) to compel Airline...

    • Posted November 7, 2012
    • 0