A dramatic twist was added to the alleged missing $20 billion oil money as Mr. Samuel Ukura, auditor general of the Federation, yesterday, told the Senate Committee on Finance investigating the disappearance of the money that his office lacked the constitutional power to carry out forensic audit on Nigerian National Petroleum Corporation (NNPC) account.
Citing section 85 of the 1999
United States said Wednesday it had ordered a freeze on $458 million in assets stolen by former Nigerian dictator Sani Abacha and his accomplices and hidden in European accounts.
The Justice Department said the corruption proceeds — stashed away in bank accounts in Britain, France and Jersey — were frozen at Washington’s request with the help of local authorities.
Abacha died in
The first sets of winners have emerged in the on-going Nutricima ‘Mega Cash Promo.’ At the first e-raffle draw conducted in Lagos and witnessed by officials from national and state lottery board, five (5) consumers emerged winners of N1million, while five (5) others won N500, 000 each.
The draws also produced five (5) people who won N250, 000, while N50,000 went to five (5) more people
Sen. Ike Ekweremadu, deputy Senate President, said the National Assembly was working towards amending the Electoral Act to allow for the use of electronic voting in the country.
Ekweremadu made this known in Abuja at the opening of a three-day International Conference on “Promoting Credible Election in Nigeria: Opportunities and Challenges in Information and Communications Technology
Alhaji Aliko Dangote, Nigerian business magnate and owner of the Dangote Group can’t just stop making money. His reported wealth now is $25 billion from $16.1 billion in 2013 and enough to help him break into the rank of top 25 richest people in the world.
He is like the most famous King Midas, popularly remembered in Greek mythology for his ability to turn everything he touched with
The International Data Corporation (IDC) Manufacturing Insights, at the weekend, launched the Manufacturing Commerce Strategies Research Advisory Service to examine the key trends, technologies and best practices in eProcurement, B2B integration, commerce networks, and supplier and customer relationships.
In today's global environment, IDC said, manufacturing companies are increasingly
The blood gallery project led by Manchester Metropolitan University academics and MRI, Watford General Hospital and UK, has been tested to be successful in Africa.
The virtual microscope, according to African Health IT News report, has been developed over several years, from a collaboration involving the University, Red blood cells with malaria parasites and leukaemia, as seen
Several companies such as global player Lamudi offer a way how finding and booking an apartment can be easy and fun.
Now operating in 11 countries throughout Africa, the real estate giant picked out five top cities in Africa that are all different, but exciting to live in.
Their first favorite city, Tunis can be found in the north tip of Africa. The Happy Planet Index(HPI) has
Nigerian National Petroleum Corporation (NNPC) has described as false, rumours of an imminent increase in the pump price of Premium Motor Spirit (PMS) otherwise called petrol.
This is contained in a statement issued in Abuja by Dr Omar Farouk Ibrahim, acting general manager, Group Public Affairs Division, NNPC who said that there were no plans by the Federal Government to increase the
Bio-Organics Nutrient Systems Limited, foremost indigenous manufacturer of micro-nutrient powder, has urged industries, states and mothers across the country to adopt the made-in-Nigeria food fortification powder, Enrich, to fight against malnutrition.
Bio-Organics Limited, a supplier of vitamins and minerals premixes to food and beverage industries in Nigeria and to other ECOWAS
The sponsors of 2014 National School Science Fair has announced its winners as it brings to a close the week-long science competition.
This year’s competition showcased intellectual exchange and creativity of science projects ranging from health, food, nutrition to engineering and manufacturing.
The fair sponsored by Shell Petroleum Development Company (SPDC), Intel Corporation
The 4th Edition of Education Network Conference -EduNet 2014 will be hosted by the ICT Centre and the Institute for Entrepreneurship Development Studies of Obafemi Awolowo University in Partnership with Tel Aviv University Entrepreneurship Centre (StarTAU), Israel.
The theme of this year’s event scheduled for May 20-22, 2014 is: “Fostering Technology Entrepreneurship in Nigerian
The search for Africa’s most prolific debut fiction writer, the Etisalat Prize for Literature, climaxed last weekend in Lagos, with NoViolet Bulawayo carting home the coveted prize of £15,000.
At a befitting celebration of first time writers of published fiction books, Bulawayo with her “We Need New Names” was announced winner of the Etisalat Prize out the shortlist which included
Benjamin Dikki, director general, Bureau of Public Enterprise (BPE) has asked anxious Nigerians desirous of steady public power supply to be patient as new core investors in the sector streamline strategies to get the country on sound footing.
Dikki stated at the public presentation of the Sapele Power company in Delta state to its core investor, Messrs CMEC/EuraAfric Energy Ltd that
The ‘AstraZeneca Nigeria Research Grant’ is an initiative to facilitate research in both communicable and non-communicable diseases (NCDs) in this West African country and follows closely on the recent successful launch of a comparable venture in Kenya earlier this year.
Over the next three years, AstraZeneca will invest a total of US$300 000 (US$100 000/year) in a variety of research
Deziani Allison-Madueke, minister of Petroleum Resources and other chief executives of parastatals in her ministry will be booted out and recommended for prosecution if she or any of her subordinates is indicted by the ongoing probe into the alleged missing $20 billion from the account of Nigeria National Petroleum Corporation (NNPC), according to the presidency.
Doyin Okupe, senior
Mr. Phillips Oduoza, United Bank for Africa (UBA) Plc, has tasked media practitioners in Nigeria on the need to embrace contemporary channels in news dissemination, stating that social media have transformed the bank’s customer experience.
Oduoza’s wakeup call was contained in his welcome address at a Functional Social Networking for Nigerian Journalists summit held in Lagos on Thursday
Dana Motors Limited, the sole distributors of KIA Motors in Nigeria, has signed an agreement with KIA Motors Corporation (KMC) South Korea to set up an assembly plant in Nigeria.
Dana Motors in showing its commitment to the development of the Auto policy in Nigeria had identified that, it will only be possible with a well equipped world class facility, in which KIA Motors Corporation (
President Goodluck Jonathan yesterday in Abuja inaugurated the National Research and Innovation Council (NRIC) to bridge the link between research and industrialization.
At the ceremony held at the Council Chamber of the Presidential Villa, the President said the council, of which he is Chairman, would serve as the apex governing body of the science and technology innovation policy.
Delta State Government has broken another medical feat as the State University Teaching Hospital (DELSUTH), Oghara has been equipped with sophisticated equipment to take care of infants during the first month after birth.
Dr. Emmanuel Uduaghan, State governor, launched the equipment for the neonatal unit of the hospital and a special telephone network service that would enable the
President GoodLuck Jonathan has unveiled National Housing Fund e-Card, saying that Card would eliminate fraud and promote accountability and transparency in the sector.
He said that the e-Card was one of the integral measures of his administration for more transparency and accountability to the management of the National Housing Fund (NHF).
He said that in every economy, the
Etisalat Nigeria is set sponsor the BusinessDay Competitive Strategy Master Class 2014, which comes up on February 19, 2014, at InterContinental Lagos, Victoria Island, Lagos.
The program, themed “Creating a Competitive Advantage through Innovation”, will hold two sessions: “The Innovators DNA” which will focus on mastering five skills of disruptive innovators and “The DNA” which will
A Federal Hight Court in Lagos presided over by Mrs. Justice Rita Ofili-Ajumogobia, has ordered former Aviation minister, Femi Fani-Kayode to be re-arraigned on March 5 for a 40-count charge of money laundering.
Ruling on the matter of objection raised by Fani-Kayode’s counsel, Ifedayo Adedipe, SAN, at Monday’s hearing, Justice Ofili-Ajumogobia averred that “the charge against the
Mr. Geoffrey Nwokoye, general manager (Transmission), Enugu Transmission Region, said the Federal Government would build two transmission stations in Abakaliki to enhance power delivery in the area.
He made this known when he paid a courtesy call on Gov. Martin Elechi, in Abakaliki yesterday.
Nwokoye said that the 2x 150MVA 330/132KV and 2x 60 MVA 132/33KV power stations would
Malaria Destroyer Game (MDG), a tech solution aimed at addressing the malaria challenge, rings hope for the long battle against the plague which is systematically thinning Nigeria’s population.
Developed by Mobile Software Solutions Limited, a Nigerian Information Technology start-up, the technology and education-based mobile apps psycho-game is designed to save future generations from
General Electric (GE), a global technology and infrastructure company says its global rating as the world’s best company for leadership is due to its human resource leadership philosophy which inspires its employees to be the very best in their respective e specialties.
Susan Peters, GE’s senior vice- president for Human Resources made this known while presenting a keynote address to
President Goodluck Jonathan has convened an International Conference aimed at facilitating financing of power infrastructural development in Nigeria scheduled to hold on Monday, February 10, at the State House Banquet Hall in Abuja.
The Conference is aimed at augmenting the efforts of the private sector which recently took over the electric power generation and distribution assets of
www.apartum.com, the number one comparison site for holiday apartments has successfully been able to add the most important companies of the vacation rental industry to its platform., in less than a year.
The biggest comparison site for holiday apartments has obtained important deals with leaders of the sector, making it the reference website for its
Sproxil, a leading provider of world-class brand protection, has joined the World Customs Organization’s (WCO) IPM global network of track & trace and authentication solutions.
The IPM Network is the WCO’s online tool to combat counterfeiting – it enables right holders faced with counterfeiting of their brands, to exchange information in real-time with field Customs officers.
Mobile Software Solutions Limited, a local startup company has developed Malaria Destroyer Game (MDG), an application that aims to eradicate malaria in Africa and the world over.
The MDG strategy aims to reduce the cost of lost productivity in Nigeria/Africa, by 50% by 2015.
The central focus of the company chaired by Chris Uwaje, Fellow of the Nigerian Computer Society, a