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I have sold my soul to the devil for money' - Nigerian lady

A pretty Nigerian lady based in South Africa has caused a shock when she declared that she has sold her soul to Satan. ...

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Why President Buhari addressed Nigerians in Hausa

According to the vanguard newspaper-the online version-President Buhari's reason for sectionalizing his sallah celebration broadcast which was recorded in hausa language may have been informed by the outcome of the 2015 Presidential  election. Below is the full text of its report:

Health Management Organisations:"You will be Magu's (EFCC Boss) Guests" for Short changing Nigerians-NHIS Executive Secretary

The Federal Ministry of Health said, yesterday, that the continued existence of Health Management Organisations, HMOs, in the operation of the National Health Insurance Scheme, NHIS, was no longer necessary, following the mismanagement of ......

Middle Belt backs 12 regional structures for Nigeria

A group of northern leaders under the auspices of the Middle Belt Forum Thursday rose from their meeting in Abuja to propose a 12 regional structure as federating units for the country, resolving to support the restructuring of the Nigerian federation.

CAN fires back at Education Minister, insists Buhari’s government removed CRK

  The Christian Association Nigeria (CAN) has replied​ the ​Minister of Education, Mallam Adamu Adamu and the Nigerian Educational Research and Development Council (NERDC) ​for saying...

OPINIONS

NAICOM dissolves Board of International Energy Insurance

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

Read 919 times Last modified on Monday, 18 May 2015 07:06

RELIGION

Prophesy Of Jonathan’s Defeat: Buhari’s Victory Has Vindicated Me- Fr Mbaka

Renown Spiritual Director of the Catholic Adoration Ministry, Rev Father Ejike Mbaka, has said that the victory of APC presidential candidate in last weekend’s general elections, General Muhammadu Buhari has finally vindicated him on his New Year prophesy that President Goodluck ...

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...

SPORTS NEWS

Thabo Mbeki, others approved alleged $10m ‘bribe’ for FIFA

The highest levels of South African government approved a $10 million dollar payment that US investigators suspect was a bribe to get the 2010 World Cup, media reports said Friday. Then president Thabo Mbeki and foreign minister Nkosazana Dlamini-Zuma approved the payment whic...