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Pension Scam: EFCC tenders documents on N2billion fraud in court

The Economic and Financial Crimes Commission, EFCC, has tendered two sets of documents in the prosecution of   Dr. Shaibu Sani Teidi and two others who are being tried for a  N2billion check-off dues fraud at the Federal High Court, Abuja.  The two others, who are being prosecuted for defrauding the Nigerian Union of Pensioners, (NUP), are Ali Abatcha and Elder Actor Zal. Two prosecution witnesses, Mr. Njok ...

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Uduaghan meets farmers on agric development In Delta

In a bid to harness and further develop the agricultural potential of Delta state, the state government has initiated plans to re-position its agricultural sector to be at the forefront in national food production via the agricultural transformation agenda . The transformation agenda in the oil rich state is aimed at growing the state's economy beyond oil, as well as empower its unemployed youths. In view o ...

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Dangote aims $40 billion listing on London Stock Exchange

The Chairman of Dangote Cement, Aliko Dangote has revealed that he is targeting a market capitalisation of $35-40 billion for the cement company, when he lists it on the London Stock Exchange next year. The money will be used to pay off investors including himself, he revealed in an interview on Wednesday. "It depends on the market, but it should be something like $35 to $40 billion dollars. We are targetin ...

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Di Matteo gets Chelsea job on permanent basis

Roberto Di Matteo gained his reward for steering Chelsea to Champions League and FA Cup glory last season when he was appointed manager on a permanent basis on Wednesday. The former Italy midfielder had signed a two-year contract with the Londoners, the European champions said on their website (www.chelseafc.com). Di Matteo, 42, is the eighth manager to have worked under Roman Abramovich since the Russian b ...

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NCAA refutes grounding Air Nigeria

The Nigerian Civil Aviation Authority (NCAA) has refuted reports that it has grounded operations of Air Nigeria. A statement from the regulator of the Nigerian airspace claimed that it is only looking into the maintenance schedule of air line operators, after resumption from its five day strike. The spokesman of NCAA, Mr Samuel Adurogboye says this is part of the authority’s plan to ensure that aircrafts ar ...

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Poverty is not the cause of Boko Haram – Abdulsalami Abubakar

Former military Head of State, General Abdulsalami Abubakar, has stated that the current security challenges  in some parts of the country is not caused by poverty but by misguided youths.  He made this known while answering questions from journalists who were at his country home in Minna, the Niger state capital for prayers to mark his 70th birthday, The retired general noted that contrary to some insinuat ...

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$3million bribe: Reps to hold emergency session

Following the $3million bribe allegations against the Chairman, House of Representatives committee on the management of fuel subsidy, Farouk Lawan, the House is to reconvene for a special plenary session on Friday to take a position on the matter. The Chairman of the House of Representatives Committee on Media, Zakari Mohammed on Wednesday, confirmed that the House will be cutting short its one-week break t ...

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Darey, MI, Tuface, others to get prize for last Headies this year

One of Nigeria’s biggest and most respected music awards, Headies is back for the seventh year. The organizers of the Hip-Hop awards are set to launch this year’s event. According to the CEO, Ayo Animashaun, "we will have a mini event to give out the car and plaques to last year’s winners, and then the following day, we will officially launch the countdown to the big day by announcing nominees, hosts, spons ...

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FEC approves new visa policy for foreigners

Procuring visa to travel to Nigeria will now be less stressful for visitors, as the Federal Executive Council (FEC) has approved a new visa policy that will make it easy for potential foreign investors to have easy access into the country. Briefing journalists after the council meeting which was chaired by President Goodluck Jonathan, the Minister of Information, Labaran Maku said that the new visa policy w ...

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Diesel exhaust fumes cause lung cancer – WHO

Diesel engine fumes can cause lung cancer and belong in the same potentially deadly category as asbestos, arsenic and mustard gas, World Health Organisation (WHO) experts said on Tuesday. In an announcement that caused concern in the auto industry, the France-based International Agency for Research on Cancer (IARC), part of the WHO, reclassified diesel exhausts from its group 2A of probable carcinogens to i ...

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