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“Release my seized property”, Businessman begs EFCC

Businessman

Ikeja – Following his acquittal of fraud charges, a businessman, Mr. Alex Ikpeme, has asked the Economic and Financial Crimes Commission (EFCC) to unfreeze his bank accounts and release his seized property. Ikpeme acquitted of a six-count charge bordering on stealing and making false statements to officials of the EFCC. The News Agency of Nigeria (NAN) reports that the judgment ...

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EFCC fixes April 30th for Patience Jonathan’s property forfeiture hearing

Patience Jonathan

The Federal High Court, Abuja, on Thursday, fixed April 30 to rule on an application, seeking the forfeiture of two properties belonging to Patience Jonathan, wife of former President Goodluck Jonathan to the Federal Government. The Economic and Financial Crimes Commission (EFCC), on Oct. 20, 2017, filed an ex parte application praying the court for an order of interim forfeiture ...

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Pencom declares FG has invested 2.89% pension in real estate

pencom

About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...

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Obaseki assures Edo residents of 500 quality healthcare centers

Obaseki

As the Edo State government intensifies work on the reform of the health sector, the governor, Mr. Godwin Obaseki, has reiterated that the soon-to-be-unveiled state health insurance scheme and construction of 500 primary healthcare centers (PHCs) across the state will guarantee accessible and affordable healthcare  Gov. Obaseki said there is a nexus between the health insurance scheme and the PHCs ...

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NDDC fast-tracks 25 kilometres link roads

NDDC

The Niger Delta Development Commission, NDDC, has pledged to fast track the 25-kilometre dual carriageway linking Imo and Rivers states through oil-bearing communities in both states. Mr. Nsima Ekere, the NDDC Managing Director, gave the assurance when he led a team of directors and engineers to inspect the road spanning several oil-producing communities. He explained that the road runs through ...

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NSE earmarks N2 billion for village infrastructures

NSE

The Nigerian Society of Engineers (NSE) on Wednesday said it had earmarked N2 billion for its Community Engineering Project (CEP) aimed at developing the infrastructure of selected villages in the country. The President of the society, Mr. Adekunle Mokuolu, disclosed this at the closing of the Silver Jubilee of its Ikeja branch, Lagos. Mokuolu said the society would collaborate with ...

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Landlord charged to court for slapping his tenant

Landlord

A 40-year-old landlord, Leke Adebola, who allegedly slapped his tenant, was on Wednesday brought before an Epe Magistrates’ Court in Lagos State. Adebola, who resides at Imokun Noforaji in Epe, is facing a charge of assault. Police Prosecutor Moses Oyekanmi told the court that the accused committed the offence on April 7 at 10 am at his residence. According to ...

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DMO begins inspection on roads funded by Sukuk bond

Sukuk Bond

Officials of the Debt Management Office, Federal Ministry of Power Works and Housing, Federal Ministry of Finance and Office of the Accountant-General of the Federation have started the inspection of the Roads being financed with the Sovereign Sukuk bond issued in 2017. The proceeds of the N100 billion Sukuk were designated for the financing of 25 Road Projects across the ...

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Ile-Ife in chaos as explosion destroys storey building

Ile-Ife

THERE was pandemonium in the ancient city of Ile-Ife, on Saturday night when an explosion destroyed a storey building, forcing residents near the scene of the incident scampered to safety, Housing News reliably gathered. Credible sources informed our correspondent that the incident which caused apprehension occurred around Moore area of the historic town at about 11.05 pm as most residents ...

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