Mr Dauda Lawal, a former executive director of First Bank of Nigeria Plc has reacted to suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu’s response to the allegations of corruption, abuse of office, insubordination made against him. Reacting to the former chairman’s defence to paragraph D(17) of the petition captioned “Relevant facts on…
Bristow Helicopters has announced the sack of over 100 pilots and engineers in its employ. In a statement released on Tuesday August 4, the company said the workers were layed off due to the effect of the Coronavirus pandemic on its operations. The aviation company which described the sack as “painful”, said it engaged with the National…
Former Kaduna lawmaker, Shehu Sani has reacted to Shoprite’s announcement of initiating an exit plan from Nigeria. In a tweet he shared, Sani stated that Shoprite’s exit will help local supermarkets to grow. He tweeted; If Shoprite wants to stay,they can stay;if they want to go,they can go;it will help local supermarkets to grow.
Tech giants, Microsoft have announced that they’ll be buying social media app, TikTok after US President Donald Trump announced that he’ll be banning the app from the United States over fears that the Chinese government uses it to spy on Americans. In a blog post, Microsoft (MSFT) said its CEO Satya Nadella has talked with…
Gbadebo Richard, a 300-level student of the Department of European Studies, Faculty of Arts, University of Ibadan reportedly died on Tuesday July 28 in an industrial accident. According to Sahara Reporters, the student who was on a night shift, fell into one of the machines at the Oluyole factory of Henkel Nigeria Limited, producers of WAW detergent and…
A wing tip accident was witnessed at the cargo area of the Murtala Muhammed International Airport (MMIA), Lagos on Wednesday July 29. The accident occurred when a Middle East Airlines plane was coming to park on the apron while a Turkish Airlines aircraft was taxiing out. Passengers on the Turkish Airlines flight were made to disembark and it was…
Akinwumi Adesina, president of the Africa Development Bank has been cleared of all corruption charges by anindependent review panel led by former president of Ireland, Mary Robinson. Recall that earlier this year, it was alleged that the bank had been tarred by poor governance, impunity, personal enrichment and favouritism under Adesina’s leadership. In spite of Adesina’s insistence of…
Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos has convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil. The Standards Organisation of Nigeria (SON) charged both men with four counts of production, possession, dealing in, and distribution of substandard engine oil. Both men claimed the products were good for public…
The Federal Inland Revenue Service (FIRS) has made a clarification on its plan to impose astamp duty charge on tenancy. FIRS executive chairman, Muhammad Nami who spoke at a webinar organised by OTISVIP, said the six percent stamp duty charge on tenancy previously announced will only apply to tenancy and lease agreements that are above 21 years.…