NEWS

TSA: Court strikes out FG’s suit against 7 banks

Daily Dispatch August 9, 2017

A Lagos Federal High Court on Wednesday in Lagos struck out a suit filed by the Federal Government seeking to recover 793.2 million dollars allegedly kept by seven commercial banks in violation of the Treasury Single Account (TSA) policy. The defendants are: Diamond Bank, United Bank for Africa

NEWS

N30trn revenue scam probe not a sham – Senate

Daily Dispatch August 9, 2017

The Senate says that the ongoing probe into alleged N30 trillion revenue leakage in the country’s import and export value chain is not a charade as perceived by some Nigerians. The probe covers activities in the value chain between 2006 and 2017. Sen. Hope Uzodinma, Chairman, Senate Joint Committee on Customs, Excise and Tariff and […]

INTERNATIONAL NEWS

FBI searches home of Trump’s ex-campaign chairman

Daily Dispatch August 9, 2017

The FBI has searched the home of Paul Manafort, President Donald Trump’s former campaign chairman as part of the ongoing investigation into Russian interference in the US presidential election. “FBI agents executed search warrant at one of Mr Manafort’s residences. “Mr Manafort has consistently cooperated with law enforcement and other serious inquiries and did so […]

BUSINESS

NEITI, NSIA, NOA partner on extractive revenue management

Daily Dispatch August 9, 2017

The Nigeria Extractive Industries Transparency Initiative, Nigeria Sovereign Investment Authority and National Orientation Agency have agreed to partner in oil revenue savings and promotion of better attitude to public office. A statement by Dr Orji Ogbonnaya Orji, NEITI’s Director of Communications, said on Wednesday in Abuja that the agencies reached the agreement at

NEWS

CPC dissociates self from N17m judgment against Coca-Cola

Daily Dispatch August 9, 2017

The Consumer Protection Council has dissociated itself from an insinuated N17 million judgment against Coca-Cola by the Supreme Court of Nigeria. Babatunde Irukera, Director-General of CPC, said this in a statement by Abiodun Obimuyiwa, the Head of Public Affairs of the council, on Wednesday in Abuja. The Supreme Court had reaffirmed the judgment of the […]

EDUCATION

Obaseki pleads with EGHOBA not to ask government to take over school

Daily Dispatch August 9, 2017

Governor Godwin Obaseki has appealed to fellow old boys of the Eghosa Anglican grammar school old boys association (EGHOBA) not to ask the state government to take over of the school as a result of the dilapidated condition of the school infrastructure and facilities. Governor Obaseki made this passionate plea while addressing the association during […]