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For returning unentitled money paid into her account, public servant is punished!

Contrary to the expectations of many Nigerians that Mrs Husseina Mohammed, a civil servant in kogi state attached to the Teaching Service Commission will be compensated for her honesty in returning the sum of ... ...

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Woman hires her 17 Year Old daughter’s boyfriend to Kill Husband over Insurance Money (PHOTOS)

A newlywed Nigerian woman, 45 year old Uloma Curry-Walker, who was accused of soliciting her firefighter husband’s murder in order to collect $100,000 in insurance money has been convicted of aggravated murder. As God will have it, she wasted her husband’s life for nothing because his ex-wife was still the beneficiary of his Insurance policy.

Acting President Osinbajo replies NASS

The Acting President, Chairing the Federal Executive Council (FEC)in Abuja has replied the Senate which has indicated that it will, henceforth, not attend to anything from the executive unless the EFCC, Mr Magu is removed from office. Below is the statement credited to the Acting President's office:  

As Governor Tanko Almakura fails to pay workers entitlements, he again lies about abuse of traditional rulers by his critiques.

MegaNews can report that after returning from pilgrimage, Governor Tanko Almakura of Nasarawa State has not settled the entitlements of workers in the State. Instead, he adduces an argument that, workers are only 1% of the population.  

Dr Doyin Okupe, former spokesman for President Jonathan Goodluck bids goodbye to the PDP....

Former spokesman for former President Jonathan Goodluck, Doyin Okupe, has resigned from the PDP and party politics for now. Enumerating what appears to be reasons for his seeming frustration with the ongoing polity in the country, he emphasized ...  

OPINIONS

Lagos - Nigeria's four refineries will resume production next month, a spokesman for the state-run oil group said Thursday, raising hope of an end to perennial petrol shortages that have plagued Africa's largest crude producer.

UNITED States of America’s most celebrated brand, Apple, has bought Nigeria’s Chinedu....

 

NIGERIA Labour Congress, NLC, yesterday in Lagos, threatened to direct workers to stay at home should the current fuel scarcity get prolonged.

 

 

Abuja - The National Insurance Commission has dissolved the Board of the International Energy Insurance (IEI) following allegations against some directors of the company.

This is contained in a statement issued by Rassaq Salami, Head Corporate Affairs of the commission in Abuja on Sunday.

According to the statement, the Chief Executive Officer and some key officers of IEI will proceed on leave to pave way for thorough investigation of the affairs of the company.

It stated that the action was pursuant to the powers conferred on NAICOM by enabling laws to intervene in the affairs of the company.

"This is as a result of financial reporting failures, allegations made against some directors and board squabble necessitating regulatory action in the interest of policyholders and other stakeholders of the company," it stated.

It stated that a three-member interim board had been appointed to oversee the affairs of the company while necessary investigation was being conducted.

Also Read: Nigeria energy firm rewarded at Ghana summit

It stated that the interim board would be chaired by Muhammad Ahmad, a former Director-General of the National Pension Commission.

The others were, Daisy Ekineh, a former Commissioner, Securities and Exchange Commission; and Mrs Bridget Adeyinka, a former Acting Managing Director of Societe Bancaire Nigeria Ltd., now Unity Bank.

"The appointment, which takes immediate effect, shall be for an initial period of six months, subject to renewal if necessary."

"The board is mandated to conduct forensic investigation into the affairs of the company and identify factors and persons responsible for the shareholder’s value."

"The company remains a going concern with capacity to continue to underwrite all types of general insurance business," it stated. 

- NAN

The outlook for Nigerian Stock Market in Q4’14 remains blurred as the bearish trend gained tempo at the end of Q3’14, starting the month of October into Q4’14 with active sell-down. In the last three quarters, we have seen mixed and unimpressive performance trend in the market as YTD remains in negative zone with falling enthusiasm

RELIGION

Squander Of $67 Billion: Nigerian Christian Leaders Are Engaging In Sinful Silence –Pastor Tunde Bakare

Fellow citizens of Nigeria, I have a very heavy word to deliver to both the church and the nation today and my heartfelt prayer is that we will heed the warnings of Jehovah in order to avert His unbearable blows. I hope it is not too late already.  As is my practice, let me star...

WORLD NEWS

9/11 Survivor Captured In Iconic Photo Dies Of Cancer

Marcy Borders, a survivor of the Sept. 11 terrorist attacks who was photographed covered in dust after fleeing the World Trade Center, has died of stomach cancer. Borders' family announced her death Tuesday on Facebook. She was diagnosed with stomach cancer last year at the age o...

BUSINESS NEWS

6 Reasons Why You Should Start a Business in Nigeria Today

1. Now Nigeria still remains a hub for most entrepreneurs and investors. In fact, Nigeria is now the largest economy in Africa, the number one destination for Foreign Direct Investment in Africa and one of the fastest growing economies in the world. That’s why South African and Chinese companies are scrambling to invest in Nigeria.

SPORTS NEWS

Courtney Dike Rejects NFF's Money

Falconets star, Courtney Dike has revealed that the opportunity to play for the Falconets is way better than any monetary gifts she could receive. She revealed this after the Nigeria Football Federation had offered her $7000 for her participation at the 2014 FIFA U-20 Women’s Wo...

NIGERIAN NEWS

Jonathan Has Transformed Nothing - Lagos State Governor

While speaking at the opening ceremony of Women In Business Conference, Babatunde Raji Fashola, the Governor of Lagos State, criticized the Transformation Ambassadors of Nigeria (TAN) for supposedly plotting to confirm that President Goodluck Jonathan returns to power through the...