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EFCC seizes N1bn hotel belonging to Jonathan’s ex-aide, Ima Niboro


Despite decamping to the All Progressives Congress, [APC], former presidential aide has lost – temporarily – a big hotel to the Economic and Financial Crimes Commission (EFCC). The anti-graft agency seized the hotel, allegedly worth “between N650 million and N1 billion”, from Mr. Ima Niboro, who was former President Goodluck Jonathan’s spokesman. EFCC also seized N500million in Maitama District, Abuja. ...

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Court sentences two men to 3 years imprisonment for vandalising EEDC facilities


A Magistrate Court sitting in Otuocha, Anambra East has sentenced two middle-aged men to three years imprisonment for vandalizing facilities belonging to the Enugu Electricity Distribution Company, EEDC. The convicts Amaechi Joe and Ejike Chigozie were jailed by Chief Magistrate, Onunkwo, after they were arraigned by the police for vandalising the Ring Main Unit (RMU) handle of an Injection Substation ...

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Real estate expert calls for Land Use Act review

real estate investor

A Real Estate Investor, Mr. Godswill Adum, has called for the review of the Land Use Act to meet the current realities of the country. Adum, who spoke with our Reporter in Abuja recently, said the current Land Use Act is not favourable to Farmers who had laboured to plant economic trees. He said the compensation aspect of the act ...

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Stakeholders urge private sectors to invest in infrastructure


Stakeholders have canvassed the need for private sectors at states level to invest in infrastructure, without necessarily depending on the government. At a one-day International Project Finance Association (IPFA) event titled ‘Private Investment in Infrastructure: The States as Enablers’, in Lagos during the weekend. Stakeholders said when that is done, it would serve as the nation’s fundamental facilities for development. ...

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Security guard charged to court for allegedly stealing employer’s property

Security guard

A security guard, Adewale Ibrahim, was on Monday brought before an Ogudu Magistrates’ Court in Lagos State for allegedly stealing his employer’s property. The security guard named Adewale, 36, of Kujore Street in Ojota, is facing a two-count charge of burglary and stealing. The prosecutor, Sgt. Lucky Ihiehie, told the court that the accused committed the offences on June 27, ...

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NMRC seeks N440 billion debt programme approval


The Nigeria Mortgage Refinance Company (NMRC) plans to seek approval from members by the end of the month to triple the size of its debt programme to N440 billion ($1.44 billion), the state-backed mortgage agency said on Monday. Nigeria set up a mortgage-backed guarantee company in 2014, partly with World Bank aid, in an effort to boost lending through the ...

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Osinbanjo declares 12th edition of Abuja International Housing show opened

housing show

Prof. Yemi Osinbajo would be declaring open the 12th edition of the Abuja International Housing Show, aimed at boosting housing investment in Nigeria. Festus Adebayo, Managing Director, FESADEB Communications Ltd., and the convener stated this in an interview with the News Agency of Nigeria on Monday in Abuja. The housing show which is the largest real estate festival in Africa ...

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Suleja-Minna road experiences another tanker explosion

tanker explosion

Another tanker explosion happened along Suleja road in Niger state this morning. This accident has occurred barely 24 hours after the petrol tanker explosion on Otedola bridge in Lagos that claimed the lives of 9 persons including a minor. The fire accident occurred at Mallam Karo, along Minna-Suleja Road involving a collision between a truck and a fuel tanker. The ...

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