News Desk Thursday, November 15, 2007

Corruption Charges: Group Drags Obasanjo To EFCC

Former President Olusegun Obasanjo's name re-echoed yesterday on the streets of Lagos as youths marched in their hundreds and thousands protesting what they described as eight years of dictatorial and corrupt regime of a "civilian czar" which should call for immediate probe. Their first port of call was the Economic and Financial Crime Commission, EFCC in Lagos. MORE>>>

I Am Not In Any Battle Of Supremacy –– IBB

Former military president, General Ibrahim Babangida has refuted insinuation that he is in a supremacy battle with former president Olusegun Obasanjo over who becomes the national chairman of the ruling Peoples Democratic Party (PDP). MORE>>>

FG takes over NICON, Nigeria Reinsurance Plc

The lingering imbroglio that beset the insurance sub-sector since the recapitalisation of the industry has now been rested with the Federal Government dissolving and taking over the boards and managements of NICON Insurance Plc and Nigeria Reinsurance Plc. MORE>>>

Gulf of Guinea: Nigeria, US Collaborate over Oil Theft

The Federal Government is collaborating with the United States Government and some European countries in a bid to forestall crude oil theft in the Gulf of Guinea.
The collaboration would be under the aegis of the Gulf of Guinea Energy Security Strategy (GGESS). MORE>>>

Cameroun retaliates - Kills 10 Nigerians

THE Camerounian government said on Wednesday that its soldiers killed 10 suspected Nigerian gunmen in a retaliatory attack after they killed 21 soldiers in the oil-rich Bakassi Peninsula. MORE>>>

Senatorial candidate arrested over forgery

THE person identified by the Court of Appeal, Abuja, as the lawful candidate of the Peoples Democratic Party (PDP) for Ondo South Senatorial District in the April 14 election, Chief Olusola Oke, was reportedly arrested on Tuesday by the police for allegedly forging the signature of the party’s national chairman, Dr. Ahmadu Ali. MORE>>>

‘We ’ll deliver 2nd Niger bridge in 36 months’

Mr. Domenico Gitto, Managing Director of Gitto Construzioni Generali Nig. Limited, the Italian firm handling the construction of the Second Niger Bridge in Onitsha, assured yesterday that the bridge which has a 36 month completion time would be delivered on schedule. MORE>>>

Foreign reserves hit $49bn – CBN

Central Bank of Nigeria (CBN) governor, Prof. Chukwuma Soludo said yesterday in Abuja that the nation’s foreign reserves had hit $49 billion. Soludo also said that the aggregate credit lending to the private sector of the Nigerian economy had tripled from N1.2 trillion in 2004 to N4 trillion as at the end of October, 2007. MORE>>>

We’re ready to probe Obasanjo – EFCC

The Economic and Financial Crimes Commission, on Wednesday, said that it would investigate allegations of corrupt enrichment against former President Olusegun Obasanjo. MORE>>>

Araraume Concludes Submission At Tribunal

Governorship candidate of Peoples Democratic Party (PDP) for Imo State in the last election, Ifeanyi Araraume, on Wednesday concluded the submission of documents in the petition he filed at the Election Petitions Tribunal against the declaration of Governor Ikedi Ohakim by Independent National Electoral Commission (INEC) as governor. MORE>>>

IN GLOBAL NEWS

Pakistan opposition begins to unite against Musharraf (BOSTON GLOBE)

Iraqis Wasting An Opportunity, U.S. Officers Say (WASHINGTON POST)

Musharraf 'will quit army soon' (BBC)

Working in a Warzone (The Guardian Weekly)

LAPD's Muslim mapping plan killed (Los Angeles Times)

African Crucible: Cast as Witches, Then Cast Out (New York Times)

Zionist official was first to hear of Final Solution (Jerusalem Post)