The Federal Road Safety Commission (FRSC) in Niger said on Wednesday that five people were killed in an accident on Bida-Sabon Gida-Minna Road. FRSC Sector Commander, Yusuf Garba, disclosed this in an interview with the News Agency of Nigeria (NAN) in Minna. He said 19 persons, who were critically injured in the accident, were receiving treatment at the Bida General ...
Read More »Yearly Archives: 2018
Ibadan-railway line – Ameachi discloses reason for delay
Minister of Transportation, Rotimi Amaechi, has explained why the Lagos-Ibadan-railway project has not been completed. He revealed that the relocation of the oil and gas, water and sewage pipes on the road was responsible for the delay. Amaechi disclosed this in Ibadan, at the monthly meeting of the Lagos-Ibadan-Railway line Project Steering Committee. He said the Federal Government was carefully ...
Read More »Couple granted bail of 40,000 after defrauding Landlady of N490,000
A couple, Ademola Kafaru and Mojisola, who allegedly defrauded their landlady of N490, 000, were on Wednesday released on a N20, 000 bail each, an Ogudu Magistrates’ Court ruled in Lagos on Wednesday. The Magistrate, Mrs O. Sule-Amza, who gave the ruling, also ordered them to produce two sureties who must show evidence of gainful employment. The couple who lives ...
Read More »Industry experts bemoan Nigeria’s low investment in infrastructure
Low tax revenues, huge obligatory spending and higher local currency debt amounting to 350 per cent have been adduced among reasons Nigeria has low investment in infrastructure development. Decrying the situation, renowned Chartered Accountant and current Chairman of the Lagos State Economic Advisory Committee Mr. Bode Agusto, pointed out that years ended 2016, Nigeria only invested 2.1 per cent of ...
Read More »MBAN to surmount land title restrictions through “Formula 131”
Lagos – Mortgage Banking Association of Nigeria (MBAN) on Wednesday expressed readiness to surmount the bottlenecks associated with land title processes through the introduction of “Formula 131’’. The MBAN’s President, Mr Adeniyi Akinlusi, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos. He said that formula 131 stipulates that the cost of obtaining land ...
Read More »Dangote, Flour mills commences completion of Apapa-Wharf road project
The Memorandum of Understanding signed between Dangote Industries, Flour Mills Nigeria and the Federal Government last year, on the rehabilitation and reconstruction of the Apapa Port Wharf Access road through Corporate Social Responsibility, is on course to meet the July, 2018 completion deadline. On Wednesday February 14, 2018, the President of Dangote Industries, Alh Aliko Dangote and GMD Flour Mills ...
Read More »10 Romantic Getaways in Nigeria For Valentine’s Day
Valentine’s Day is the perfect time to whisk your loved one away on an enchanting break (possibly without the kids) in a lush, serene and cosy hideout. Well, if you can’t afford to go through visa application process or travel abroad, fear not! Here are 10 romantic getaways in Nigeria offering incredibly romantic packages that are worth every ounce of ...
Read More »Property agent bags six months jail term for theft
Property agent-An Ogun State High Court, Abeokuta, has convicted and sentenced a woman, Folashade Adeleke as she bags six months imprisonment without an option of fine on a two-count charge bordering on stealing. The convict who was arraigned by the Ibadan zonal office of the Economic and Financial Crimes Commission in 2016, pleaded not guilty to the two charges against ...
Read More »NNPC set to recover N100bn landed property
A subsidiary of the Nigerian National Petroleum Corporation, the NNPC Properties Limited (NPL), which manages the real estates of the NNPC on Tuesday said it has commenced the recovery of some NNPC’s landed property worth about N100 billion across Nigeria. According to a statement from the Group General Manager, Public Affairs of the NNPC, Mr. Ndu Ughamadu, the asset recovery ...
Read More »Court forfeit properties linked to Diezani Alison-Madueke
A Federal High Court in Lagos has adjourned until February14, a suit seeking final forfeiture of two penthouse structures, allegedly linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. The suit was adjourned to a further date following the absence of Justice Mojisola Olatoregun, who was said to be attending a workshop. Olatoregun had on December 5, 2017, ...
Read More »