News Desk Wednesday, August 20, 2008

Senate faults NNPC's secret accounts

The condemnation of the accounting system of the NNPC is contained in the annual report of the Committee on Downstream Affairs submitted to the Senate. The report is due for deliberation at the commencement of Senate sittings after the ongoing holidays. MORE>>>

Labour opposes pay rise for legislators

The Nigeria Labour Congress (NLC) levelled the accusation yesterday in response to the latest 100 per cent increase in the emoluments of legislators and local government chairperson and councillors. MORE>>>

Nigeria Has $50b In Foreign Currency, Gold Reserves - CIA

Nigeria is the 26th largest world economy with foreign currency and gold reserves capacity of more than $50 billion, civilian intelligence unit of the United States government, Central Intelligence Agency (CIA)has said. MORE>>>

Four Killed, 20 Arrested As JTF, Gunmen Clash In P'Harcourt

Four persons died on Tuesday, 20 were arrested, and residents of old Port Harcourt Township fled their homes when gunmen and the Joint Task Force (JTF)had another exchange of gun fire, the second in a month. MORE>>>

FG okays Ribadu's demotion

The Federal Government has finally sealed the fate of erstwhile chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu, who was recently stripped of two ranks by the Police Service Commission... MORE>>>

Onitsha: 70-yr-old retired principal kidnapped

Dare-devil kidnappers have struck again in Onitsha, Anambra State commercial nerve centre, with the abduction of a 70-year-old retired principal, Sir G. C. Ubaka. MORE>>>

Obama: SEC writes Okereke-Onyiuke

There were indications on Tuesday that the Securities and Exchange Commission might have demanded explanation from the Director-General, Nigerian Stock Exchange, Dr. Ndi Okereke-Onyiuke, on her role in the ‘Africa for Obama fundraiser.’ MORE>>>

Foreign varsity admission racket dupes Nigerians

About 15 students in Nigeria have been sent fraudulent degree offer letters purporting to be from Liverpool Hope University in England. According to the British Broadcasting Corporation (BBC) bogus educational and scholarship agencies had then asked the applicants for non-refundable acceptance fees. MORE>>>