Rowland Nike: Cars: CBN extends deadline for systemically import...

Rowland Nike: Cars: CBN extends deadline for systemically import...: The Central Bank of Nigeria (CBN) has extended the deadline for the implementation of higher capital adequacy ratio (CAR) requirements for ...

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Ondo guber: INEC denies demanding $1m bribe from Jimoh Ibrahim

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The Independent National Electoral Commission, INEC, has refuted the allegation by Jimoh Ibrahim that its official demanded for $1m bribe before his name could be inserted as the ‘authentic’ candidate of the Peoples Democratic Party for the November 26 governorship election in Ondo State. The electoral body in a statement by its National Commissioner in charge of Publicity, Mr. Adedeji Soyebi, in Abuja on Monday, ‎said the Acting Director, Legal Services Mrs. Toyin Babalola never at any point asked for bribe as alleged by Ibrahim. Ibrahim, one of the claimants to the ticket of the PDP   for the election, had claimed that Babalola asked for $1m bribe from him, before the order made by Justice Okon Abang of the Federal High Court, Abuja Division, could be complied with by the commission. The Energy Oil boss also claimed that the Commission’s Resident Electoral Commissioner for Ondo State, Mr. Segun Agbaje of working against his candidature. Ibrahim also alleged that th...
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Why Buhari cannot curb corruption in civil service – Stakeholders

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Some stakeholders on Tuesday in Abuja said for corruption to be totally eradicated from Nigeria, civil servants must be well paid for services they rendered. The view is contained in a communiqué issued at the end of a one-day workshop organised by Konrad Adenauer Stiftung (KAS), a political association. The communiqué was jointly signed by Chief Peter Ameh, National Chairman, Peoples’ Progressive Alliance; Mr Tosin Adeyanju, Executive Director, Conscience Nigeria, and Mr Charles Nwoji, Deputy Director, Planning, National Orientation Agency.   The stakeholders, who were drawn from various political parties, the media and civil society organisations (CSOs) resolved that corruption existed everywhere but varied from society to society. It said corruption in the civil service was the worst form of corruption that had permeated all societal fabrics. It added that the perception of the public/political office holder by the people was a major cause of corruption. Also,...
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Nigeria may lose status as 4th world’s largest LNG exporter

The Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Babs Omotowa, has raised the alarm on Nigeria’s dwindling investments in Liquefied Natural Gas (LNG), saying that with no new investments, the country would possibly drop from her current position of 4th world’s largest exporter of LNG to 10th position by 2020. Speaking at the April Lunch organised by the Petroleum Club in Lagos recently, Omotowa, who said NLNG had earned $90 billion revenue since 1999, also declared that NLNG elevated Nigeria to number four exporter of LNG in the world, after Qatar, Malaysia and Australia. Citing the data on the global exports of LNG in 2014, Omotowa said Nigeria was ahead of other world LNG giants, including Indonesia, Trinidad, Algeria, Russia, Oman, Yemen, Brunei, UAE, Peru, Equatorial Guinea, Norway, Papua New Guinea, US, Egypt and Angola. Omotowa, however said with no new investments to support Nigeria’s position in the global LNG market, the country’s position w...
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