Interest
Nigerian government seizes bank’s assets over Shell’s N183 billion debt
File Photo Nigerian government have moved to sequester the assets of the country’s premier lender First Bank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday. Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset, FirstBank said in a statement. The bank said the incident leading to the confiscation of its properties was “unjustified, illegal and a reckless misuse of the machinery of justice.” Lagos-headquartered FirstBank resolved to guarantee the damages awarded against Shell by a Rivers State high court judge a decade ago. According to the estimation...
Ex-President Obasanjo: Bolu Akin-Olugbade was passionate about Nigeria’s unity
Former President, Chief Olusegun Obasanjo, on Thursday, described the late billionaire businessman, Bolu Akin-Olugbade, as passionate in his defence of Nigerian unity and was devoted to his roots. Akin-Olugbade was reported to have died of COVID-19-related complications, as a passionate Nigerian. Obasanjo said this in a condolence letter addressed to his wife, Chief (Mrs.) Oladunni Akin-Olugbade. Obasanjo remarked that Bolu would be greatly missed by his community, Local Government Area, State, and the nation in general, saying that all Owu people have lost a great son. The former President is the Balogun (Prime Minister) of Owu, where the late billionaire hails from. Obasanjo in the letter issued by his Special Assistant on Media, Kehinde Akinyemi, said in spite of his privileged backgrou...
Abuja chamber welcomes FCT tax harmonisation
Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...
Newcastle desperate to secure Chelsea’s Fikayo Tomori
Newcastle United are interested in securing Chelsea centre-back Fikayo Tomori. The youngster has not played as much as he expected in the first half of this campaign. Tomori is sidelined given the preference of manager Frank Lampard of playing Thiago Silva and Kurt Zouma in central defense. According to FourFourTwo, the 23-year-old is attracting interest from the Magpies, along with Leeds United and Burnley. Any move would be a loan for the second half of the season. Tomori did not even play in the FA Cup third round game against Morecambe for Chelsea, further indicating a move could be imminent. Blues boss Lampard told football.london: “The situation with Fikayo is open at the moment. There is a possibility he could be going on loan to get games somewhere else. “So that would have to be t...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
Coronavirus: Prof. Maurice Iwu restates efficacy of herbal medicine
Bioresources Development Group (BDG) chairman, Prof. Maurice Iwu has restated the efficacy of herbal medicine in the treatment of the COVID-19 cases as the virus enters variant stage globally. The former chairman of Independent National Electoral Commission (INEC) and eminent Professor of Pharmacognosy, Iwu, in a chat with Vanguard said that the effectiveness of special herbal drugs produced in the country, stands the chance of combating the disease at an early stage, but noted that the slow pace in acceptance and approval hinders its feasibility. Iwu also pointed that herbal extracts from a plant, “Andrographis Paniculata”, commonly known as green chiretta, already approved by the Food and Drug Administration (FDA) of Thailand is on its way to serve as an alternative treatment to the seve...
Igbo group writes Nigerian government to request extradition of Nnamdi Kanu for ‘treasonable felony
YouTube An Igbo professional group, Coalition of South East Professionals’ Network in Nigeria and Diaspora (CSEPNND), has written an open letter to the Federal Government of Nigeria, urging it to immediately write the Government of the United Kingdom and Israel, requesting for extradition of leader of Indigenous People of Biafra,Mazi Nnamdi Kanu,to face the law over his involvement in alleged treasonable felony. The group whose request was contained in the open letter dated January 8th, 2021, and addressed to President Muhammadu Buhari, explained that its action was predicated on Kanu’s ceaseless treasonable activities in the country. Noting that Kanu possessed citizenship of the two foreign nations, the coalition, according to the letter signed by its National President, Prof. Madumere Ch...
Governor Wike: PDP‘ll rescue Nigeria in 2023
Rivers State Governor, Nyesom Wike, said Nigerians have known clearly that the People’s Democratic Party (PDP), has their interest at heart with the commitment it has shown in fulfilling every promise made in ensuring an enduring improvement in their socio-economic situations. Governor Wike stated this at the commissioning of dualised Forces Avenue, Olumeni and Harvey Streets in Old Government Residential Area, Port Harcourt, by Sokoto State Governor, Aminu Tambuwal on Friday night. Governor Wike said the administration of his predecessor under the All Progressives Congress (APC), deliberately ignored the roads in the Old GRA of Port Harcourt, thereby leaving the area in blighted condition. Governor Wike stated that his conviction in developing the city and building it into world class sta...
Kicker: Peter Olayinka wanted by Bayer Leverkusen
Slavia Prague striker Peter Olayinka has attracted the interest of top Bundesliga club Bayer Leverkusen, according to Kicker. Olayinka has shone in the UEFA Europa League this season and was recently rewarded with a new three-year contract extension by his Czech club. Slavia Prague paid 1.1 million Euros to sign Olayinka from Belgian club KAA Gent. His transfer market value is put at around six million Euros. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Anambra election: PDP orders members to withdraw all litigations against party
File Photo The Peoples Democratic Party (PDP) has asked its members in court against the leadership of the party in Anambra to withdraw all litigations ahead of the November governorship poll in the state. The South-East National Vice Chairman of the party, Chief Ali Odefa, made the request in Awka during a meeting of the Zonal Working Committee with stakeholders in the state on Monday. Odefa said that it was in the overriding interest of the party for peace and unity to reign ahead of the poll. According to him, the party needs unity and cannot afford any court distractions, if it must form the next government in Anambra. He, therefore, urged the aggrieved party members to direct their complaints to the zonal leadership for amicable and dispassionate resolution. Odefa, who expressed satis...
Edwin Clark remains our leader in Kiagbodo council, ward – PDP chieftain
A Peoples Democratic Party (PDP) chieftain has declared that elder statesman, Chieftain Edwin Kiagbodo Clark, remains the leader of the Party in the local government area and the ward despite not being a registered member of the Party. Mr. Akpodikumo Oweiagbe Okosuye, the Chairman of the PDP of Ward 8 (Kiagbodo), Burutu Local Government Area of Delta State, made this declaration when he condemned a recent protest by Messer Paul Oruma and Godwin Gbogiemi over the outcome of the peaceful councillorship primary election which made Clement Wagha and Mrs. Gift Gomeron councillorship candidates for DSIEC Ward 13 and 14 of Burutu Local Government Area respectively. In a statement signed by the Ngbilebiri II, Ward 8, (Kiagbodo) Chairman, Mr. Akpodikumo Oweiagbe Okosuye, refuted claims by Barrister...
Imo governor orders workers to stay home over spike in coronavirus
Imo state governor, Hope Uzodimma, yesterday ordered the workers in the state, to stay home from Monday next week till further notice, ahead of the festive period. The governor in his state-wide broadcast to Imo people in Owerri, said that the reason was that due to the expected influx of people coming home for Christmas that there could be a surge in the cases of covid -19. Uzodimma while wishing his people fruitful Christmas celebration noted that the wearing of facemask would be compulsory and that mobile courts would be deployed to within the state, to enforce the order. He continued: “My dear good people of Imo State, it is with a great sense responsibility that I address you on this auspicious season of Christmas.In normal times, with just a few days to Christmas, I should be saying ...
