The Central Bank of Nigeria, CBN, on Monday, announced its take over of the Board and Management of Skye Bank Plc following the bank's failure to meet the minimum key liquidity and capital adequacy ratios.
The CBN Governor,Mr Godwin Emefiele, announced the takeover during a press conference at the apex bank's head office in Lagos.
Emefiele said the CBN had appointed a new board and management for the bank following the resignation of its Chairman,...
Monday, 4 July 2016
Sunday, 3 July 2016
The Gombe State government has flagged off the administration of the Pneumococcal Conjugate Vaccine in the state.
Speaking at the flag off of the program in Gombe on Saturday, the Executive Secretary, Gombe State Primary Health Care Development Agency, Dr. Ahmed Gana said that about 800,000 children under the age of five die from pneumococcal disease in developing countries annually, according to the World Health Organization, WHO.
He disclosed...
The Police Service Commission, PSC has announced the compulsory retirement of 21 Assistant Inspectors-General of Police.
The move is said to be aimed at avoiding conflict in the police force since the now retired AIGs are senior in rank to the newly appointed Acting Inspector General of Police, Mr Ibrahim Idris.
The retirement of the AIGs was announced in a statement issued in Abuja on Saturday by PSC's Head of Press and Public Relations, Mr Ikechukwu...
Saturday, 2 July 2016
The Economic and Financial Crimes Commission, EFCC has disclosed that a former Minister has been using her housemaid's account to launder looted funds. The anti graft agency said that at the time it made the discovery, about N2.5b was found in the account.
The EFCC said that investigations revealed that the ex-Minister opened the account to which she is the sole signatory in her domestic servant's name in order to conceal her tracks.
An anonymous...
Thursday, 30 June 2016
A Federal High Court sitting in Abuja on Thursday struck out a suit challenging President Muhammadu Buhari's academic credentials.
The presiding judge, Justice Adeniyi Ademola struck out the suit consequent upon a notice of discontinuance filed by the plaintiff, Mr Nnamdi Nwokocha-Ahaiwe.
At the resumption of hearing on the matter on Thursday, Mr Chikordi Okeorji, counsel to the plaintiff informed the court that his client had filed a notice of...
The Chief of Army Staff, Lt Gen Tukur Buratai has disclosed that some military officers and members of the political class are behind recent rumours of an impending coup d'etat in the country.
The Army Chief warned against military misadventure in democracy, adding that investigations were on to unmask the faces behind the rumours.
“We are much better under democracy. Military misadventure in democracy should not repeat itself.
“We see it as an...
A Federal High Court sitting in Abuja has dismissed a no case submission filed by the immediate past governor of Imo State, Chief Ikedi Ohakim in a money laundering suit instituted against him by the Economic and Financial Crimes Commission, EFCC.
In his no case submission, Ohakim had argued that the evidence aduced by the prosecution to prove its case disclosed no prima facie case against him.
However, Justice Adeniyi Ademola on Thursday ruled...
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