Politics

Sheriff Can’t Lead PDP-Fayose, BoT

Daily Dispatch February 17, 2017

Governors Forum of the Peoples Democratic Party and the party’s Board of Trustees have said that Senator Ali Modu Sheriff can not lead the party. They said this while reacting to the Port Harcourt Court of Appeal judgment which sacked the Senator Ahmed Makarfi-led national caretaker committee

Politics

Chairmanship Crisis: We Are Immediately Heading To Supreme Court – Makarfi

Daily Dispatch February 17, 2017

The Ahmed Makarfi’s faction of the Peoples Democratic Party, PDP, on Friday vowed to contest the earlier ruling of a Port Harcourt Appeal Court affirming Ali Modu Sheriff as the national Chairman of the party. Makarfi’s faction described as an attempt by the All Progressives Congress, APC, to create a one party system in Nigeria. […]

BUSINESS

Tax evasion: Court Orders Revenue Board To Seal Union Bank Premises

Daily Dispatch February 17, 2017

The Kaduna State Internal Revenue Service on Friday obtained a court warrant to seal the premises of Union Bank Plc in Kaduna over non remittance of N19.3 million. The money is outstanding Pay As You Earn (PAYE) tax liability for 2014. The revenue service had on Feb. 8 dragged the bank before Justice Gideon Kurada […]

BUSINESS

Barclays, Citi Helped South Africa With Forex Trading Probe – Sources

Daily Dispatch February 17, 2017

Barclays Plc (BARC.L) and Citigroup (C.N) approached South African competition regulator with information relating to the alleged rigging of the rand currency’s exchange rate, two sources with direct knowledge of the matter said on Friday. South Africa’s Competition Commission said on Wednesday it had found more than a dozen local and foreign banks colluded to

BUSINESS

Unilever Rejects $143billion Kraft Heinz Bid As Without Merit

Daily Dispatch February 17, 2017

Unilever (ULVR.L) rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co (KHC.O) on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. But while Unilever, the maker of Lipton tea and Dove soap, said the $50 per share offer undervalued […]

NEWS

How I Helped Atewe Shared N.8.5bn – Witness

Daily Dispatch February 17, 2017

An Abuja-based businessman, Mr. Nkem Ahidjo, claimed on Friday that N35m out of the N8.5bn allegedly diverted by retired Maj. Gen. Emmanuel Atewe was paid to the Living Faith Church, popularly known as Winners’ Chapel. Atewe served as the Commander of the military Joint Task Force, Operation Pulo Shield, in the Niger Delta before his […]