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For today, May 6 2016:


EFCC quizzes ex-ministers, Anyanwu, SAN, party chair over campaign funds
A former senator, Chris Anyanwu and a Senior Advocate of Nigeria (SAN), Michael Ahamba, have been interrogated by the Economic and Financial Crimes Commission (EFCC) over their alleged involvement in the disbursement of $115 million by Fidelity Bank on the instruction of erstwhile Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. READ MORE

Militants blow up Chevron oil facility, vow more attacks
Militants in the Niger Delta yesterday blew up the Chevron Valve Platform located on the high sea near Escravos in Warri, Delta State in a renewed attack on oil installations in the country. READ MORE

How I got involved in Sanusi’s letter to Jonathan, by Amaechi
The Minister of Transportation, Chibuike Rotimi Amaechi yesterday disclosed his involvement in the ’leaked’ secret letter written by former Governor of the Central Bank of Nigeria (CBN) and now Emir of Kano, Sanusi Muhammad II to former President Goodluck Jonathan on the non-remittance of $49.8 billion from oil sale to the federation account. READ MORE


NASS hands over 2016 budget to Presidency
ABUJA—FINALLY, the corrected version of the 2016 budget was, yesterday, handed over to the Presidency through the Special Assistant to the President on National Assembly Matters Senate (Senator), Ita Enang. READ MORE

Alleged $49.8bn oil theft: My role in Sanusi’s letter to Jonathan —Amaechi
Minister of Transportation, Mr Chibuike Amaechi, yesterday, denied media reports that he surreptitiously and clandestinely leaked a letter written by former Central Bank of Nigeria, CBN, governor and now Emir of Kano, Sanusi Muhammad II, to then President Goodluck Jonathan on the non-remittance of $49.8 billion from oil sale to the Federation Account. READ MORE

How Kingmakers, Governor clashed over emergence of 10th Alake — Bankole
Though, the incident occurred in 2005 few days after the late Alake of Egbaland, Oba Oyebade Lipede joined his ancestors, the memory remains fresh in the minds of many people in Ogun State. Revelations about how the remains of late Oba Oyebade Lipede disappeared few hours after the monarch passed on was made by Chief Alani Bankole, father of former speaker of the House of Representatives, Dimeji Bankole,  at the launch of his book titled “Alake of Egbaland: The Succession Dynamics”. READ MORE


Oil majors, others unbundle privately managed pension schemes for CPS
Major oil companies including the Nigerian National Petroleum Corporation (NNPC), Shell, Chevron, Total and AGIP are unbundling their pension management companies (Closed PFAs) for Contributory Pension Schemes (CPS) managed by Pension Fund Administrators (PFAs), BusinessDay findings reveal. Consequently, the oil companies are directing their new employees to choose  PFAs and open Retirement Savings Accounts(RSA) for… READ MORE

Tomato Ebola disease spikes price, forces sellers to import
Consumers of fresh tomatoes in Nigeria are gradually switching to pastes, on account of a ravaging insect pest known as  ‘Tuta Absoluta’ which has destroyed an estimated 40 percent of anticipated harvest, causing prices to shoot up by 105 percent, from N17,000 to N35,000 per basket. Many fresh tomato sellers have also resorted to purchasing… READ MORE

Fashola unveils FG’s road map for solving Nigeria’s power crises
Babatunde Fashola, Minster for Power, Works and Housing, says the Federal Government’s road map for solving the country’s power crises is to attain incremental power wherever it can be found, thus achieving steady power and ensuring uninterrupted power supply. Fashola stated this while delivering a lecture titled: ‘Nigeria’s electricity challenges, a road map for change’, … READ MORE


Buhari receives budget, awaits ministers’ advice before signing
There were indications on Thursday that President Muhammadu Buhari would not immediately proceed to sign the corrected version of the 2016 Budget, transmitted to him by the National Assembly, as being expected in some quarters. READ MORE

No more bailout for states, says finance minister
The Federal Government on Thursday ruled out the possibility of providing bailout funds for state governments to meet their financial obligations, including the payment of salaries of workers, due to declining allocation from the Federation Account. READ MORE

Why I leaked Sanusi’s $49bn oil theft letter –Amaechi
The Minister of Transportation, Rotimi Amaechi, says he divulged a letter which a former Central Bank of Nigeria Governor and now Emir of Kano, Alhaji Muhammadu Sanusi, wrote to former President Goodluck Jonathan on oil revenue theft in order to check corruption. READ MORE

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