Court acquits Transcorp’s ex-boss of money laundering charges

The Court of Appeal, Abuja Division, has discharged and acquitted former Group Managing Director of Transcorp Plc, Mr. Tom Iseghohi, of money laundering charges.In a unanimous decision, the court also set aside the decision of the Federal High Court in Abuja dated October 20, 2014, which over-ruled his no-case submission. The court further dismissed entirely the 32-count criminal charge of money laundering filed against him by the Economic and Financial Crimes Commission (EFCC).The anti-graft commission had arraigned Isoghohi, the former Company Secretary, Mohammed Buba and Deputy General Manager, Mike Okoli,…

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‘Low-cost carrier to save airlines, revive 22 moribund airports’

Strategic low-cost carrier programme has been identified as an important business model that will transform the air travel sector, especially the survival of local airlines and maximal use of airport infrastructure across the country. Concerned stakeholders told The Guardian that whereas the strategy will lower prices for affordability on less viable routes, it will increase demand with new traffic routes opening up for optimal activities for struggling airlines. The challenge, however, is evolving an effective collaboration that requires the transportation ministry, regulatory agencies and operators to workout the plan with…

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FG alleges bid to externalise pro-Biafra struggle

The minister of Information and Culture, Alhaji Lai Mohammed, has raised the alarm over attempts by the Indigenous People of Biafra (IPOB) led by Mr. Nnamdi Kanu to externalise its struggle through propagandist writings to the governments and national parliaments of some western nations.According to the minister, the move is to give the impression that the IPOB members are victims of an ethno-sectarian violence orchestrated by the government, hence they need protection. Mohammed said the activities of IPOB had become a great threat to the peaceful existence of the country…

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Buhari arrives New York, listed as 8th Speaker at UNGA

President Muhammadu Buhari has arrived in New York to join other world leaders for the one week 72nd Session of the UN General Assembly (UNGA) high-level events starting on Tuesday. The President was accompanied by Govs. Abdul’aziz Yari of Zamfara, David Umahi of Ebonyi and Rotimi Akeredolu (SAN) of Ondo state. He was received at the JF Kennedy Airport by the Minister of Foreign Affairs, Mr Geoffrey Onyeama, and the Permanent Representative of Nigeria to the UN, Prof. Tijjani Bande. Foreign Affairs Minister, Geoffrey Onyeama receives Buhari The president was…

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Statistics essential for Nigeria’s economic growth – Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Monday said that accurate statistics was vital in the fight against corruption and achievement of the Federal Government’s economic recovery and growth plan. Adeosun, represented by the Director, Home Finance, Federal Ministry of Finance, made the observation in Abuja at the inauguration of Finance Sectoral Consultative Committee on Statistics. She said that the committee would improve on the collection and management of government finance statistics across major ministries, departments and agencies. “This committee could not have come at a better time as…

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Electricity: 2,000 mega-watts generated not utilised – official

Two thousand mega watts of electricity generated into the national is not distributed to consumers, according to Mr Louis Edozien, Permanent Secretary, Federal Ministry of Power, Works and Housing. “The national grid produces about 6,600 mega-watts of electricity from the 750,33KV trading points, but less than 4,600 mega-watts ‎get distributed to the consumers,” Edozien said on Monday in Jos. Edozien, who spoke at the opening of the 3rd National Council On Power (NACOP) meeting, attributed the situation to inadequate distribution lines and distribution sub-stations. “Most of the Distribution Companies (DISCOs)…

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Saraki faults army on branding IPOB terrorist group

President of the Senate, Dr Bukola Saraki, says Nigerian Army’s branding of Indigenous People of Biafra (IPOB) as a terrorist organisation is unconstitutional. Also unconstitutional, according to him, is the proscription of the group by the governors of South-East states. Saraki, in a 10-point statement on Monday in Abuja, said the pronouncements by the governors and the military did not follow due process. He said that such declarations would not take effect because the laws had made clear provisions for taking such actions. “I am sure the President will do…

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Zimbabwe prepares for 2018 elections

Voter registration for Zimbabwe’s 2018 harmonised elections begins on Monday. This would be the first time since independence in 1980 that the voters’ list would be administered outside the Registrar-General’s Office following the adoption of a new constitution which transferred the responsibility to the Zimbabwe Electoral Commission (ZEC). ZEC chairperson Rita Makarau, said that continuous registration would begin while a registration blitz would be conducted in October. “For the voter registration blitz, we needed 15 million U.S. dollars and Treasury has since supported us to that tune. “The money is…

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The Christian Council seeks end to violence against children

The Christian Council of Nigeria (CCN) has called on states to domesticate the Child Rights Acts to help end violence against children. CCN President, Rev Fubara Manuel made the call on Monday in Jos while briefing newsmen as part of activities to mark UNICEF week on enlightenment on ending violence against children. Manuel who spoke through CCN General Secretary Rev. Ibrahim Wushishi said that Child Rights Acts was passed in some state but it was domesticated to make functional. The president said that one in three children suffers from one…

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South East governors Forum proscribes IPOB

The South East Governors’ Forum has announced the proscription of activities of the Indigenous Peoples of Biafra (IPOB). Arising from its emergency meeting on Friday in Enugu, Chairman of the forum, Gov. Dave Umahi of Ebonyi requested the group and other of such groups to articulate their grievances and send to the forum. Umahi appealed to all governors in the zone to ensure compliance with the directive in their various states and for the Federal Government to withdraw the troops in the zone. Umahi said: “All activities of IPOB are,…

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