• $2.2bn arms deal: Chime moves to halt EFCC

    $2.2bn arms deal: Chime moves to halt EFCC

    Indications emerged yesterday that former governor of Enugu State, Sullivan Chime, ‎has commenced moves to stop his investigation by the Economic and Financial Crimes Commission (EFCC) over his involvement in looting the campaign fund for Enugu Peoples Democratic Party (PDP), which was allegedly part of the $2.2 billion arms fund shared to some states by the former NSA, Col. Sambo Dasuki.

    Sunday Sun gathered that Chime, worried by the anti-graft agency’s move, was mounting pressure‎ on his successor, Governor Ifeanyi Ugwanyi, […]

  • Why FG directed banks to halt workers retrenchment – Ngige explains

    Why FG directed banks to halt workers retrenchment – Ngige explains

    Senator Chris Ngige, Minister of Labour and Employment, has explained the rationale for Federal Government’s recent directive to some commercial banks to halt the gale of retrenchment in the sector.

    He said the directive was based on damming petitions against the commercial banks from the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE).

    According to Ngige,despite some observed shortcomings in the Treasury Single Account(TSA) policy of the government, many of the banks fell short of required standards on labour issues […]