Fidelity Bank MD tasks employees on ethics, integrity
The Managing Director, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, has charged employees to uphold high ethical standards, integrity and sound corporate governance while providing financial services to the banking public. Onyeali-Ikpe gave the charge in a statement on Monday in Lagos as part of activities to flag off the 2021 Corporate Compliance & Ethics Week (CCEW). She explained that the celebration...
NGX gains N644bn on Airtel, MTNN price appreciation
Transactions on the Nigerian stock market closed on a positive note with the market capitalisation gaining N644 billion to hit N22 trillion mark, amid gains by telecommunication companies. Specifically, the market capitalisation inched higher by N644 billion to close at N22.569 trillion from N21.925 trillion recorded on Friday. Similarly, the All-Share Index rose by 1,232.37 points or 2.93 per cent to...
Nigeria’s food security facing new threats – Defence Minister
The prevalence of the various security threats in Nigeria has adversely affected food security thereby posing new dimension of threats to the country, Minister of Defence, Maj.-Gen. Bashir Magashi (rtd), has said. Magashi stated this at the opening of a retreat for Defence Advisers/Attaches Conference, organised by the Defence Intelligence Agency (DIA) on Monday in Abuja. The minister said the attacks...
Danbatta to Senate: NCC’ll generate N632bn revenue in 2022
The Nigerian Communications Commission (NCC) is targeting revenue of N632.39 billion for the 2022 fiscal year. Executive Vice Chairman of the commission, Prof. Umar Danbatta, stated this during budget defence before the National Assembly Joint Committee on Communications in Abuja. According to him, the N632.39 billion targeted revenue will comprise expected proceeds from 5G spectrum auction. “Each slot of the 5G spectrum...
Delta Assembly suspends budget defence for higher education
The Delta House of Assembly Committee on Education has suspended the budget defence deliberations on higher education due to irregularities in the budget documents. Chairman of the Committee, Mr. Charles Emetulu, said there were irregularities in the figures presented by the Commissioner for Higher Education, Prof. Patrick Muoboghare, while presenting the 2022 budget of the ministry. Emetulu expressed the dissatisfaction during...
One million Nigerians displaced in one year – Commission
The National Commission for Refugees, Migrants and Internally Displaced Persons has revealed that the number of Internally Displaced Persons (IDPs) in Nigeria has increased by one million in the last one year. The Federal Commissioner of the commission, Hajia Imaan Ibrahim, made this known while addressing members of the House of Representatives Committee on IDPs during the 2022 budget defence...
Drama as EFCC operatives, prison officials battle over Maina’s custody
There was a mild drama at the premises of the Federal High Court, Abuja, on Monday, after Abdulrasheed Maina, former Chairman, Pension Reformed Task Team (PRTT), was convicted and sentenced to eight years imprisonment. Justice Okon Abang, the presiding judge in the money laundering suit filed by the Economic and Financial Crimes Commission (EFCC) against Maina, had earlier handed down...
$418m: Govs tackle Malami, accuses minister of siding with contractors
The Nigeria Governors’ Forum (NGF) has accused the Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN) of failing to protect the interests of the states and local governments. The governors particularly accused the Justice Minister of siding with contractors/consultants in the bid to deduct $418 million from the Federation Account. A Federal High Court in...
N2bn pension fraud: Maina sentenced to eight years imprisonment
The Federal High Court in Abuja on Monday convicted the chairman, defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, of money laundering charges. Justice Okon Abang held that Maina stole over N2 billion belonging to pensioners. Justice Abang, in his judgement, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred...
Fuel supply: Don’t panic, NNPC tells motorists
The Nigerian National Petroleum Corporation (NNPC) has advised the public not to engage in panic buying of Premium Motor Spirit, commonly known as petrol. The NNPC said it was also not aware of any plan by government to cause an increase in the pump price of petroleum. A statement on Monday by Garba Muhammad, Group General Manager, Group Public Affairs Division,...
