However, the inflation figure from the bureau in January 2021 points to a record 16.47 per cent which was 0.71 percent higher than the figure for December 2020. The food index rose farther than ever with a record 20.57 percent in January 2021 compared to the 19.56 percent recorded in December.
Business owners frustrated in Lagos
A bakery manager at Ogba Lagos, who simply gave her name as Miss Gbemi, said the owner of the bakery recently decided to close shop because of the high cost of production.
This, she said, was worsened by the exorbitant electricity bill which led to the disconnection of their light for months before the bakery was shut down.
Vanguard News
Court fixes Feb 25 to rule on Maina’s fresh bail request
On
By Ikechukwu Nnochiri
ABUJA–The Federal High Court in Abuja, on Friday, slated February 25 to rule on fresh application the former chairman of the defunct Pension Reform Taskforce Team, Abulrasheed Maina, who is facing money laundering charge, filed to be released on bail pending the conclusion of his trial.
Maina, who earlier fled to Niger Republic after he was released on bail by the court, based his fresh application on health ground.
He told the court that his health condition worsened at the Kuje Correctional Center where he was remanded upon his extradition to the country by the Interpol in December, 2020.
Home » Corruption Politics, Headlines, National Politics » International fugitive Maina goes the way of ‘the noble’, slumps in court
International fugitive Maina goes the way of ‘the noble’, slumps in court Posted by adminCorruption Politics, Headlines, National Politics Friday, December 11th, 2020
By Ikechukwu Nnochiri
The former Chairman of the defunct Pension Reform Taskforce Team, Abulrasheed Maina, who is facing money laundering charges, on Thursday, collapsed before trial Justice Okon Abang of the Federal High Court in Abuja.
Maina slumped shortly after the court resumed proceedings in the 12-count charge the Economic and Financial Crimes Commission, EFCC, preferred against him and his firm, Common Input Property and Investment Limited.