Deborah Tella, who is 39 years old, was charged at an Ikeja Magistrate’s Court on Friday. She is accused of stealing N8.9 million from her employer’s business. The defendant was prosecuted for fraud and theft. She worked as an administrative support officer for a company and lived at 8, Akinwunmi Street, Egbe, Ikotun in Lagos Read More…
After a few days of pipeline repair work, Shell Petroleum Development Company (SPDC) has resumed export operations at the Forcados Oil Export Terminal. This was confirmed to the News Agency of Nigeria (NAN) by the SPDC’s Media Relations Manager, Mrs. Abimbola Essien-Nelson, on Friday in Lagos. By the end of October, when the continuing crucial Read More…
To close the metering gap in its operating network, Eko Electricity Distribution Company (EKEDC) says it has started aggressive metering under the Meter Asset Provider (MAP) and National Mass Metering Programme (NMMP) Schemes. Mr. Godwin Idemudia, General Manager, Media Communications, EKEDC, disclosed this to journalists on Friday. Idemudia said that the plan gave the company Read More…
Olasukanmi Adebanjo, a 40-year-old estate agent, was charged on Friday in a Lagos courtroom for allegedly defrauding two people looking for housing out of N4 million. Adebanjo, who resides in Magodo Phase II, Lagos, was accused of fraud and theft by the police. He entered a not-guilty plea to the charge. According to the prosecutor, Read More…
The sale of Polaris Bank to a new core investor, Strategic Capital Investment Ltd. (SCIL), has been made public by the Central Bank of Nigeria (CBN). A statement signed by Mr. Osita Nwanisobi, Director, Corporate Communications, and posted on the CBN website on Thursday said that the sale was completed after SPA signed a Share Read More…
Lagos State is a top destination for real estate investors and investees, according to Mrs. Toke Benson-Awoyinka, special adviser to Lagos State Governor Babajide Sanwo-Olu on housing. This was said by Benson-Awoyinka during a presentation at the Second Edition Stakeholders Summit of the Real Estate Developers Association of Nigeria (REDAN), Lagos State Chapter, which took Read More…
Nigeria needs state police, said Lagos State Governor Babajide Sanwo-Olu on Thursday. Sanwo-Olu renewed the call when the Commissioners of the Police Service Commission (PSC), under the leadership of the acting Chairman, Retired Justice Clara Ogunbiyi, paid him a courtesy visit at the Lagos House, Marina. He said that if governors had this opportunity, they Read More…
Contrary to what is making the rounds on social media, the management of Nigeria LNG Ltd. (NLNG) said on Thursday that the company’s plant was operating at a lower capacity because some of its upstream gas suppliers were sending less gas than usual. In a statement released on Thursday in Lagos by Mr. Andy Odeh, Read More…
Sabiru Akinlabi, a 40-year-old welder, was charged with theft and fraud involving N346,000 worth of iron rods on Thursday at an Ogudu Magistrate’s Court in Lagos State. Akinlabi, who lives in the Iyana-Church neighbourhood of Alapere, Ketu, Lagos State, is charged with two offences. But he entered a not-guilty plea. Insp. Donjor Perezi, the prosecutor, Read More…
The chairman of the House of Representatives Ad hoc Committee looking into the sale of Polaris Bank, Mr. Henry Nwawuba, stated on Thursday that the sale of the bank was proceeding legally. The politician made this remark at a press conference held at the National Assembly in Abuja. He allayed investors’ concerns about the financial Read More…