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President Buhari sacks FAAN MD, appoints Rabiu Yadudu as new MD

President Buhari has terminated the appointment of Saleh Dunoma, the managing director of the Federal Airports Authority of Nigeria (FAAN) and has approved the appointment of Rabiu Yadudu as the new MD of the parastatal. A statement released by James Odaudu, the deputy director, press and public affairs of the Ministry of …

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Business woman lands in EFCC net for Issuance of dud cheque in Benue State

The Economic and Financial Crimes Commission, EFCC, Makurdi Zonal Office, on Tuesday, May 14, 2019, arraigned one Anna Ogbole and her company, Henot Global Business Limited on a two-count charge before Justice S. O. Itodo of the Benue State High Court, sitting in Makurdi for alleged issuance of dud cheque. …

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Two illegal gold dealers forfeit N39m, property to FG

EFCC, on Tuesday, May 14, 2019, secured the conviction of two allegedly illegal gold dealers, Bukar Mandara Zarami, Managing Director, Bukar Mandara Zarami Limited, and Kar Nap Fenan Wuyep before Justice Muslim S. Hassan of the Federal High Court sitting in Ikoyi, Lagos. The convicts alongside a company, Bukar Mandara …

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Amazon offers to pay employees $10,000 to quit their jobs

American multinational technology company, Amazon is urging some employees to quit their jobs in exchange for help starting a business delivering packages for the company. The offer, announced Monday, comes as Amazon seeks to speed up its shipping time from two days to one for its Prime members. The company sees the …

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Facebook sues South Korean firm for unlawfully using its data

Mark Zuckerberg’s Facebook is suing a South Korean firm it accuses of unlawfully using data to sell marketing and advertising.   Facebook is asking a judge to force the firm, ‘Rankwave’, to allow it to audit the firm’s activities to see if user data was obtained and potentially sold saying …

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CBN to impose fine on commercial banks found guilty of breaching its law on ‘counterfeit notes’

The Central Bank of Nigeria (CBN) has said it will slam a fine on commercial banks found culpable of breaching the law on counterfeit notes.  In an interview with Channels TV, CBN’s Director of Currency Operations, Priscilla Ejeje, said the move is part of the apex bank’s reforms to ensure there …

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Beware of loans from China – IMF warns Nigeria and other developing countries

The International Monetary Fund has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. The Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, Tobias Adrian, said this on Wednesday during the launch of the Global Financial Stability …

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The Adebayo Shittu salary scandal ( Minister for Communication )

According to the story that went viral on twitter yesterday. Minister Adebayo Shittu Indicts Himself on Unwholesome Labour Practices Honourable Minister of Communications ShittuAdebayo might have just irretrievably indicted himself in the case of inhumane and possible unlawful treatment of his ministerial aides. Before today, all the claims of one of the aides Victor Damilare was nearly conjecture …

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Billionaire businessman, Femi Otedola, offers to foot medical bill of former coach, Christian Chukwu

Billioanire businessman, Femi Otedola, has offered to foot the medical bill of ailing former Super Eagles’ coach, Christian Chukwu. In a chat with The Cable, Otedola said he will foot the entire cost of the operation as a “token of support to a great Nigerian who served his country to the best of his …

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Come to Nigeria and prosper – President Buhari tells potential investors in Dubai

Today, President Buhari met with six different groups of investors at the sidelines of the Annual Investment Meeting in Dubai, United Arab Emirates. He had a message for them all: Come to Nigeria and prosper. Come and have handsome returns on your investments, within the shortest possible time. Sheikh Ahmed …

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