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AfreximBank to support Ogun infrastructural development with $200 million

The African Export-Import Bank (Afrexim) has disclosed its plans to support infrastructural development in Ogun State with an envelope of $200m. The fund, according to the bank, will be dedicated towards projects and other developmental initiatives embarked upon by the incumbent administration in the state. The President and Chairman of the Board of Directors of the Afrexim Bank, Benedict Oramah, who made this known when he led management of the bank on a courtesy visit to Governor Dapo Abiodun at his Oke-Mosan Office, Abeokuta, on Monday, equally said the bank would partner Ogun on ensuring that the 250-bed Specialist Hospital, Abeokuta, is completed and begin operations soon. Oramah, while noting that the bank has been investing heavily in the health sector in Africa to develop vaccines ...

Abia gives EFCC seven days to issue apology for sealing state property

The Government of Abia State on Monday issued the Economic and Financial Crimes Commission (EFCC) a seven-day ultimatum to remove what it described as ‘offensive’ notices placed on some of its property, saying they are assets of the state government. The state Attorney-General and Commissioner for Justice, Chief Uche Ihediwa, who issued the ultimatum while speaking on the recent sealing of some property in the state by the EFCC, said some of the property purported to belong to a highly placed politician in the state are owned by the state. Ihediwa, according to a release by the Chief Press Secretary to the Governor of the state, Mr Onyebuchi Ememanka, demanded that the EFCC tender an unreserved apology to the state within seven days in view of the inconvenience its action has caused the st...