By JKN Waku Introduction 1.The Central Bank of Nigeria (CBN), like most others, has the core mandate of maintaining price stability and ensuring a non-inflationary growth. It also has the responsibility to ensure a sound and stable financial system in addition to other developmental functions. These mandates and functions are peculiar to central banks all over the world, and no other institution performs su ...

Abuja based lawyers, Osuagwu Ugochukwu  and Ogboli Charles have raised alarm over what they tagged as the “sponsored  acts of intimidation by ICPC ahead of May 30,2015 court suit against President Goodluck Jonathan.” In a statement yesterday, the lawyers  of  Professor Cyriacus  Njoku who is challenging Jonathan’s 2015 third term plot said “We are human right lawyers and Anti corruption Attorney and have be ...

A judge of  the High Court  in Akwa Ibom State sitting in Uyo has issued a warrant of arrest against former and present top management staff of Nigerian Breweries, Plc. Those whose arrests have been ordered include Mr. Michael Hernkimij (Former M.D/CEO, Nigerian Breweries Plc, Dr. Oladele O. Ajayi (Present M.D/CEO, Heineken Hungary, a sister company of Nigerian Breweries Plc),Frank O. Goweh (Management staf ...

It is one year now since Governor Rochas Okorocha came into power. He came into power on a tidal wave of voters support for the All Progressives Grand Alliance (APGA). He dispatched Chief Ikedi Ohakim in the governorship election, which saw the APGA take the top post in Imo State. Okorocha was sworn in as Governor of Imo State on May 29th last year. He promised to reinvent Imo and help create a climate for ...

The spectre of fraudulent activities in pension administration in Nigeria has been described as abuse of public trust. The Chairman, Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde made the observation in a paper he presented on Thursday May 24, 2012 at a workshop organized by the Certified Pension Institute of Nigeria, CIPN in Abuja. In the paper entiled “Sustaining the Public Confidenc ...

A group  has called on Delta state Governor Emmanuel Uduaghan to resign from office .The group known as Liberate-which says it is a Delta Peoples Movement also urged members of Delta State House of Assembly to quit their jobs also for what it called the poor handling of the Ibori saga.Former governor of Delta state,James Ibori was recently jailed in the UK over money laundering  crimes. Liberate said in sta ...

The Peoples Democratic Party (PDP) has described as a contextual misinterpretation of relevant facts, the remark by the President of the Christian Association of Nigeria (CAN) Pastor Ayo Oritsejafor on the harmless   statement by the PDP National chairman, Dr. Bamanga Tukur on Boko Haram and peace in Northern Nigeria. A statement by the PDP National Publicity Secretary, Chief Olisa Metuh, said Dr. Tukur is ...

Another stalwart of the People’s Democratic Party (PDP), Mrs Felicia Enegbeta, 62 has been arraigned for offences relating to voters’ card fraud and procurement and dealing in INEC Voters’ Cards contrary to Section 124(5) and punishable under Section 120(1) of the Electoral Act 2010 as amended. Charged under no MEV/82C/2012, Enegbeta who is the secretary and public relations officer of the party in unit 5 w ...

Justice Habeeb Abiru of the Lagos High Court, Ikeja on Monday May 21, 2012 sentenced Ifeanyi Eze, aka Chedi Ojukwu to 18 years imprisonment for offences bordering on obtaining money by false pretence and forgery. The accused person was sentenced to 2 years imprisonment on each of a 9 count charge. The sentence is however to run concurrently. Ifeanyi Eze, 39 who pleaded guilty to the amended charge is also t ...

The Bank of Industry, BOI, has sought the partnership and collaboration of the Economic and Financial Crimes Commission, EFCC, in its quest to halt the sliding fortune of local industries across the country. The Managing Director of the bank, Ms Evelyn Oputu, made this request on Thursday, May 24th, 2012, during a courtesy call on the EFCC Chairman, Mr. Ibrahim Lamorde at the Headquarters of the Commission ...