EFCC Blocks Okorocha From Emptying Imo State Vault Before Hand-over

As the May 29 2019 date when Rochas Okorocha will hand over to the Imo State Governor-elect, Mr. Emeka Ihedioha draws nearer, the Economic and Financial Crimes Commission (EFCC) has come down heavy on Rochas Okorocha. They announced on Monday (May 20, 2019) that it has frozen the sum of N5bn funds – belonging to the Imo State Government. EFCC said that its action was due to Governor Rochas Okorocha excessive and suspicious manner of spending during the country’s last general elections. Usman Imam, EFCC Zonal Head (South-East) who fielded…

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Drama As Air Peace De-boards Passenger ‘Christopher Aniagboso’

Mr. Chris Iwarah, the Corporate Communications Manager of Air Peace has cleared the air on the reason why the airline de-boarded a passenger who was identified as Mr. Christopher Aniagboso from its Lagos-Owerri flight. He said the decision was taken to guarantee the safety of its crew and customers. Iwarah, insisted that even though it is said that the customer is always right, he said conducts with the propensity of jeopardising the safety of its passengers and crew will not be entertained by the airline. In a statement he issued…

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Buhari Appoints Yadudu As New Managing Director For FAAN

With May 29 fast approaching when President Muhammad Buhari would be sworn in for a second term in office, the President has continued with appointments of individuals into different agencies and organisations of the government. First was the reappointment of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN), which has already been cleared by the Senate. Earlier today, the Buhari also approved the appointment of Captain Rabiu Hamisu Yadudu as the new Managing Director of the Federal Airports Authority of Nigeria (FAAN). A statement signed by…

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AMCON Board Chairman, Management Engaged In High-profile Visits

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru (left), explaining a point to Honourable Justice Zainab Adamu Bulkachuwa, CFR, President of the Court of Appeal (right) and the Chairman, Board of Directors, AMCON, Dr. Muiz Banire, SAN when AMCON management paid a courtesy visit to Justice Bulkachuwa at her office in Abuja…. recently ————————————————————————————————————————————————– Lately, the Chairman of Board of Asset Management Corporation of Nigeria (AMCON), Dr. Muiz Banire SAN, and the Management team of AMCON led by Mr. Ahmed Lawan Kuru have been…

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Bank Of America Predicts Oil Prices To Hit $90 A Barrel

According to postulation by Bank of America, the De-escalation of a trade war could result in a weaker dollar and stronger global growth, which along with International Maritime Organization (IMO), changes to shipping fuel rules could raise Brent oil to $90 a barrel, Bank of America Merrill Lynch said. “The new shipping fuel rules by IMO could result in the largest ever surge in middle distillate demand. The net result will likely be a large bump up in oil demand from the global power generation sector.” The IMO’s mandated switch,…

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Arik Boeing 737-700 Aircraft Returns From Maintenance

Barely a day after it issued a statement explaining to passengers that some of the aircraft were expected to come back from maintenance in Europe, Arik Air, Nigeria’s leading airline has announced the arrival of one of its aircraft fresh from maintenance. The aircraft, a Boeing 737-700 NG touched down in Lagos earlier on Wednesday May 15, 2019 and has since been deployed to service. The aircraft, which went through heavy maintenance at the Approved Maintenance Organisation (MRO) came back with fresh C-check, new exterior and interior fittings. It is…

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Moolman, MTN Nigeria CEO Confirms Listing On NSE May 16

By News Editor Ferdi Moolman, Chief Executive Officer, MTN Nigeria said MTN Nigeria Communications Plc has received approval to list on the Premium Board of the Nigerian Stock Exchange (NSE) on May 16, 2019 by way of an introductory listing. The listing by introduction means that the shares of existing MTN Nigeria shareholders will be listed without an additional public sale of shares. With this development, all MTN Nigeria shareholders will be free to trade their shares on the NSE. A statement credited to Moolman, said: “It gives me great…

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Arik Attributes Adjustment In Scheduled Operations To Aircraft Maintenance

As a responsible corporate organization and in a move that is not common in the country, the management of Arik Air, Nigeria’s leading airline has come out openly to explain to its patrons the reason behind the recent temporary adjustment in its scheduled operations. The airline in a statement issued yesterday by Mr. Adebanji Ola, the Public Relations and Communications Manager, Arik Air Limited said Arik carried out adjustment on its scheduled operations to cope with the exigencies of aircraft that are on mandatory maintenance. The airline’s fleet has witnessed…

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CBN: Emefiale May Enjoy Tenure Elongation As Governor

Information spreading very fast in the media is that President Muhammadu Buhari has nominated Mr. Godwin Emefiele to continue for a second term as governor of the Central Bank of Nigeria (CBN). His first appointment, which was made by former President Goodluck Jonathan in 2014 after Sanusi Lamido Sanusi was removed comes to an end in June. Newsbitsng.com learnt that the letter for the tenure elongation of the CBN boss, which was signed by Buhari has now been sent to the senate. By the CBN Act, the senate must confirm…

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Use Of Motorcycles Banned In Adamawa State – Police

In what seemed like a desperate strategy to curb the menace of rising insurgence, farmers-herdsmen clashes, banditry, incessant kidnappings among other unbelievable vices, the police in Adamawa State has announced a total ban on motorcycle operators across the state. A statement by its Public Relations Officer, SP Othman Abubakar earlier today (Tuesday May 7, 2019) said the ban became necessary to check the incessant use of motorcycle by criminals for kidnapping, banditry and communal clashes. The statement also warned that the command would commence patrol to arrest anyone who violated…

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