Twenty one oil-marketing companies and importers have been indicted for making fraudulent subsidy claims that might have cost the nation N382 billion out of the N403 billion verified by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments.
Updated 7 Years ago

LAGOS — The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA) yesterday, threatened to shut its operations within 48-hours if government failed to pay the subsidy claims to marketers.
Updated 7 Years ago

In keeping with the Federal Government’s promise to prosecute those that were alleged to have abused the fuel subsidy scheme, the Economic and Financial Crimes Commission (EFCC) will finally set the stage for the arraignment of oil-marketing firms and their directors at the Lagos High Court today.
Updated 7 Years ago

Raheem Lawal will be dropped by Nigeria if he fails to resolve his club future before a 2013 AFCON qualifier in Liberia in September.
Updated 7 Years ago

he National Insurance Commission has said that about 10 insurance companies are currently facing serious financial issues, which may lead to bankruptcy. The situation, according to NAICOM, is already making the firms to operate below acceptable standards. Commissioner for Insurance, Mr. Fola Daniel, said NAICOM had therefore placed the affected companies under close watch to prevent the problem from deteriorating.
Updated 7 Years ago

BEIRUT (Reuters) - A fourth member of Syrian President Bashar al-Assad's inner circle died on Friday from wounds sustained in a bomb attack this week and his forces fought to recapture border posts and parts of Damascus from rebels targeting the heart of his power.
Updated 7 Years ago

US President Barack Obama has told victims of the attack at a Batman film screening in Aurora, Colorado, that the whole country is thinking of them. Mr Obama met survivors and families of the dead when he visited the University of Colorado Hospital in Aurora.
Updated 7 Years ago

Chief Operating Officer of Airtel Nigeria, Deepaqk Srivstava has explained the decision by the communications company to bring to Nigeria, four first team players of Arsenal Football Club of England next month.
Updated 7 Years ago

President Goodluck Jonathan Monday asked an Abuja High Court to dismiss a suit filed by a member of the Peoples Democratic Party (PDP), Mr Cyriacus Njoku, seeking to stop him from contesting for the presidency in 2015.
Updated 7 Years ago

It sounds bizarre and strange, if not weird. For a man to shoot a wife, who had sired him six children, for the banal reason of not preparing his preferred delicacy, for which money was provided, sounds all curious. Perhaps there is more to it, than the shallow storyline which a former member of the Enugu Independent Electoral Commission (ENSIEC), Hon. Mathias Nweze, gave for shooting his wife.
Updated 7 Years ago