The House of Representatives Ad Hoc Committee, which investigated the "near collapse of the Nigerian capital market", Tuesday recommended that Mrs. Cecilia Ibru and Erastus Akingbola, former Managing Directors of the defunct Oceanic Bank International Plc and Intercontinental Bank Plc, respectively, be stripped of their national honours.
Updated 7 Years ago

British lawmakers tore into the chief executive of the security contractor that will be unable to deliver enough guards for the Olympic Games, forcing Nick Buckles to agree Tuesday that the fiasco is "a humiliating shambles.
Updated 7 Years ago

The African Union has elected Nkosazana Dlamini-Zuma to lead the 54-nation bloc after a hotly contested election. The 63-year-old South African home affairs minister is the first woman to hold the post and is the ex-wife of South African President Jacob Zuma.
Updated 7 Years ago

A 10-year-old boy has died after a rocket was fired at a school in the Nigerian city of Jos but missed and hit a nearby building, officials say
Updated 7 Years ago

South Sudan's President Salva Kiir has said the world's newest country needs to be "independent economically" in his speech to mark the first anniversary of its independence.
Updated 7 Years ago

Human rights groups have denounced plans by a UN agency to award a science prize sponsored by Equatorial Guinea President Teodor Obiang Nguema.
Updated 7 Years ago

Nearly half a tonne of ivory worth more than $700,000 (£447,000) has been seized at the airport in Thailand's capital Bangkok, customs officials say.
Updated 7 Years ago

Fraudsters traded 12 million pieces of personal information online between January and April this year, according to research.
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The thieving habits of rodents have emerged as an unlikely salvation of tropical forests, research suggests. Massive mammals known as gomphotheres once ranged the Americas, distributing big tree seeds as they roamed.
Updated 7 Years ago

Although OLED technology hasn't yet really moved beyond smartphone screens in real-life consumer applications, and OLED TVs remain a pipe dream, LG and Samsung--two of the primary movers in the OLED TV game--are deeply embroiled in a corporate espionage scandal about the tech. On the weekend several LG executives are said to be among 11 people charged with leaking OLED technology from Samsung. Samsung has now demanded LG apologize because it may lose "trillions" of won (billions of dollars) due to the leak. But LG has said it absolutely was not involved and has threatened to sue Samsung over the statement.
Updated 7 Years ago