FIRST BANK CRISIS – WHY ELEPHANTS DON’T DO BREAKDANCE
By Tope Fasua
April 29, 2021
Founded by the proprietor of Elder Dempster Agencies, Alfred Lewis Jones in 1894, the British Bank of West Africa was meant to facilitate the importation of silver currency into the region, where Jones held a monopoly. The bank therefore had a clear historical and business advantage from the beginning, with the imprimatur of the British crown which held sway over half of the world in its colonial supremacy. The world hadn’t cavorted into a needless war yet at that time. The sun was deemed never to set on the Empire. BBWA was the clear standard for banking in the West African region and beyond. An acquisition by Standard Bank in 1965 led to a name change, and later, as Nigeria’s military leaders decreed the indigenization of all foreign-owned companies, the bank had to change nomenclature to First Bank of Nigeria in 1979. It is interesting to note that by then, Standard Bank had already becom
Last year, the global demand for energy dropped triggering a significant decline in crude-oil, prices, a major source of foreign exchange receipt for Nigeria. Amid the drop was a temporary respite for the global ecology. Considering that exploration activities had to be tapered by 8.0% to manage the supply glut and prices, gas flaring activities according to the world bank report on gas flaring for 2020 also reduced 5.0% y/y, globally. Annually, large
amounts of carbon emission are released into the atmosphere leading to global warming and other environmental degrading concerns.
The United Nations Framework Convention on Climate Change (UNFCCC) was organized due to a global realization that global ecology is being degraded from sustained carbon emissions. The conception and establishment of the convention has continued to get Nations of the world to commit to reduced carbon emission and has given rise to the Kyoto protocol as agreed in Japan on 11 December 1997 before coming into f
EXPOSED: Stella Oduah Plots With Senate President, AGF To Scuttle Her Ongoing N9.4billion Fraud Trial
It was gathered that Oduah, who is presently the Senator representing Anambra North in the National Assembly, has met with Lawan and Malami to douse her case with the EFCC.
by SaharaReporters, New York
Apr 20, 2021
The trial of a former Minister of Aviation, Stella Oduah, by the Economic and Financial Crimes Commission over a N9.4 billion fraud may gradually be scuttled going by her secret plot with the Senate President, Ahmad Lawan, and the Attorney General of the Federation and Minister of Justice, Abubakar Malami.
Daily Post Nigeria
Published
This is owing to the on-going nationwide strike by judiciary workers in the country.
The Senator, who allegedly committed the corruption offence when she served as Minister of Aviation under former President Goodluck Jonathan was billed to be arraigned in court today, April 19 by the Economic and Financial Crimes Commission (EFCC)
At the Federal High Court billed to be presided over by Justice Inyang Eden Ekwo where Mrs Oduah was supposed to be docked along with eight others, the gates were put under lock and key by the striking workers.
DAILY POST observed around 9am that well-wishers and sympathizers of the Senator who stormed the court to witness the arraignment were turned back at the Court’s entrance gate.
Federal Government workers who retired from March 2020 to March 2021 have not been paid their pensions.
The Director-General, National Pension Commission, Aisha Umar, revealed this while making a presentation at the oversight visit of the Senate Committee on Establishment and Public Services to the commission in Abuja on Sunday.
“It is sad to report that we have today, a large number of Federal Government employees who retired from March 2020 to March 2021 under the Contributory Pension Scheme that are yet to receive pensions due to non-payment of their accrued pension rights,” she said.
According to her, the challenge to pay retirees started in 2014 and was instigated by the appropriation of insufficient amounts.