NewsReports

Sequel to the success recorded by his epic movie, “Invasion 1897”, which broke new grounds at the international scene last year, Lancelot Imasuen has landed another big deal as he signs a multi-million naira production contract with a leading online TV platform, Nollytv. This is coming, as the Nigeria Police has commissioned the celebrated film director to produce a TV …

An economic retreat convened by the present administration to offer solutions to the current economic challenges facing Nigeria will hold on Monday and Tuesday next week. The retreat, being put together by the National Economic Council, which has the 36 state governors as members and Vice-President Yemi Osinbajo as chairman, will hold in the Presidential Villa, Abuja. According to a …

The Nigerian National Petroleum Corporation on Wednesday said it did not fail to remit N3.325tn to the Federation Account but admitted that it owed the government N326.14bn, which was still being reconciled. In a response to the revelation of the Auditor-General of the Federation to the National Assembly on Monday that the NNPC failed to remit the sum of N3.235tn …

Following the intro­duction of Bank Verification Number (BVN) as a prereq­uisite for payment of salary in the Ministry of Finance, a lot of unjustified salaries and ghost pensioners in the Pen­sion Transition Arrangement Directorate (PTAD) as well as inexplicable bogus allow­ances have been unearthed. It was gathered that Nellie Mayshak, PTAD di­rector general allegedly re­ceived N50 million monthly in salary …

The trial of former Chief of Defence Staff (CDS), Air Chief Marshal Alex Badeh began yesterday with revelations of how he diverted N558,200,000 from the account of the Nigerian Air Force monthly throughout the period he served as the Chief of Air Staff. A former director of finance and account of the Nigerian Airforce, Air Commodore Salisu Abdul­lahi Yushua (rtd), …

The Federal Government has disclosed plans to collaborate with the private sector to create three million jobs in three years starting from this year. The plan is contained in government’s “Strategic Framework and Implementation Plan for Job Creation and Youth Employment in Nigeria,” is targeting the areas of Technology, Wholesale and Retail, Construction and Agro-allied sectors of the Nigerian economy. …

The Minister of State, Aviation, Sen. Hadi Sirika, has said that the Federal Government would unveil the new national aviation policy within the next two weeks. This is contained in a statement issued on Wednesday in Abuja by Mr Sunday Iyogu, the Principal Information Officer in the minister’s office. According to the statement, Sirika made the disclosure when a delegation …

Marco Rubio is dropping out of the presidential race after losing the Florida primary to Donald Trump and failing to unite the Republican establishment against the billionaire front-runner. “We live in a republic and our voters make these decisions,” Rubio said in Miami Tuesday night as his supporters booed Trump’s victory. His speech was a thinly veiled rebuke of Trump’s …

The Senate and House Joint Committee on Appropriation has detected fresh errors in the 2016 budget. It was gathered that the errors were responsible for the failure of the committee to present its report to the two chambers of the National Assembly on Wednesday as it had promised. Investigations, however, showed that the errors would not affect the plan of …

A chieftain of All Progressives Congress, APC, in Edo North, Chief Jasper Olowojoba, has faulted claims by the state Peoples Democratic Party, PDP, that the recent rowdy session in the Edo State House of Assembly that led to a-two week adjournment was because of alleged mismanagement of state resources and abandonment of governance by Governor Adams Oshiomhole. Olowojoba, an industrialist, …