News Desk Wednesday, December 5, 2007

Nnamani faces 124 fresh charges

The Economic and Financial Crimes Commission (EFCC) yesterday slammed 124 fresh charges of fraud and money laundering against the immediate past governor of Enugu State, Dr. Chinwoke Nnamani, following the withdrawal of the 105-count charge initially filed against him. MORE>>>

I'm not afraid of EFCC— Orji Kalu

ABUJA—Former governor of Abia State, Orji Uzor Kalu, yesterday, declared that he was not afraid of the Economic and financial Crimes Commission (EFCC) because he had nothing to hide and would use the judicial process to defend his name. MORE>>>

British lawyers stole N76m from Dariye, Alams’ loots - FG

BRITISH lawyers that handled the money laundering cases of former Bayelsa and Plateau State governors, Chief Diepreye Alamieyesiegha and Chief Joshua Dariye in London, tampered with the recovered monies, the Federal Government revealed on Tuesday in Abuja. MORE>>>

Yar'Adua to visit U.S. next week

Nigeria`s President Umaru Yar`Adua is expected in Washington DC next week on a four-day working visit to the US, a diplomatic source told PANA here Wednesday. President Yar'Adua will arrive 12 December for official engagements in Washington and will return to Abuja, the Nigerian capital, 15 December, the source said, without disclosing details of the visit. MORE>>>

Genoil and Aquamation Announce Commencement of Work

Genoil Inc. (TSX VENTURE: GNO)(OTCBB: GNOLF) and Aquamation, Inc. announced today that Genoil has commenced work on Aquamation's Geregu and Abeokuta Gas Metering Plants in Nigeria. Both projects are underway for the Nigerian Gas Company (a wholly owned subsidiary of Nigerian National Petroleum Company) and on behalf of Zakhem Construction - Nigeria. Aquamation and Genoil will perform these projects under the previously announced Joint Operating Agreement between the companies. MORE>>>

Oil Prices Fall To 88 A Barrel Ahead Of OPEC Meeting

New York, NY (AHN) - Oil prices fell to $88 a barrel Tuesday on mixed signals about a possible spike in output as members of the Organization of Petroleum Exporting Countries are scheduled to meet this week. MORE>>>