• EFCC lied about tracing additional $25m to my bank accounts – Patience Jonathan

    EFCC lied about tracing additional $25m to my bank accounts – Patience Jonathan

    Wife of former President Goodluck Jonathan, Patience has dismissed claims by the Economic and Financial Crimes Commission, EFCC, that additional $25m was traced to her bank accounts.

    Recall that the anti-graft agency had recently frozen Mrs Jonathan’s personal account  in Skye Bank, titled “Patience Ibifaka Jonathan.”

    The former First Lady, while claiming the money was meant for her medical treatment abroad, asked EFCC to defreeze the account  or face legal action.

    However, Mrs Jonathan, in a statement at the weekend by her media […]

  • NACCIMA commends CBN over additional licence for 11 IMTOs

    NACCIMA commends CBN over additional licence for 11 IMTOs

    National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Bassey Edem, has commended the Central Bank of Nigeria (CBN) for licensing eleven additional international Money Transfer Operators (IMTOs) to operate in the country as part of efforts to liberalize the foreign exchange market, ensure liquidity and make foreign exchange more readily available to low end users.

    He said: “We believe that this policy decision is a step in the right direction in ensuring that remittances from […]

  • EFCC receives additional documents on budget padding scandal

    EFCC receives additional documents on budget padding scandal

    The Economic and Financial Crimes Commission (EFCC) has received additional documents and evidence against former House Committee chairman on Appropriation, Abdulmumin Jibrin, over alleged N418 million alleged contract fraud.

    While submitting the documents at the EFCC office in Abuja, the petitioner, who is the coordinator of the anti corruption unit of the National Youth Council, Barr. Ifeanyi Okonkwo, said the he was at the EFCC office on the invitation of the commission to adopt his petition and he decided to add […]

  • Nigerian varsities require additional 100,000 lecturers

    Nigerian varsities require additional 100,000 lecturers

    The Academic Staff Union of Universities says no fewer than 100,000 lecturers are needed to beef-up academic activities in the nation’s public universities.

    Prof. Biodun Ogunyemi, the union’s President, disclosed this to the News Agency of Nigeria on Thursday in Lagos.

    Ogunyemi made the revelation against the backdrop of worries being expressed by education stakeholders on the dearth of academic staff in the country’s tertiary institutions.

    According to him, going by the report of the 2012 NEEDS assessment survey sponsored by the Federal […]