Nigeria News

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Former Managing Director of Oceanic Bank, Mrs. Cecilia Ibru  slumped in court today, as she and 14 other former Bank Executives were arraigned on a total 117 count charges

The other accused former Bank executives include  Mr. Sebastin Adigwe (Afribank), Mr. Okey Nwosu (Finbank and Mr. Bartholomew Ebong (Union).

Celicia Ibru slumped in the dock as the charges were being read, and the presiding judge later ruled that she should be remanded in EFCC custody and given access to her personal physician

Judge rules that Cecelia Ibru should be remanded in EFCC custody and should be allowed access to see her personal physician.

Nigeria’s oil production is now 1.7 million barrels per day up from 1.2mb/d while proven oil reserves now stand at 37 billion, says Minister of petroleum resources, Rilwan Lukman

Secretary of the Indigenous Shipowners Association of Nigeria (ISAN), Captain D. O. Labinjo,  says Nigeria loses about $56 billion annually for bunkering service to 177,000 ships sailing from Singapore to United State of America (USA) and Europe to Angola and Coat D’Ivoire because of its unattractive ports operation.

• Nigeria’s Chief Justive urgers Jugdes to be delligent in their duties #
• Former Intercontinental Bank Boss, Erastus Akingbola yet to honour invitation by EFCC investigating his management of Bank loans #
• Nigeria’s Federal Executive Council meets yesterday and scores itself high in implementation of 2009 Budget #
• Federal Executive Council meets yesterday says 2009 Budget is up to 84% #
• Lagos Chamber of Commerce welcomes Nigeria’s Central Bank moves to clean up the Banking sector #
• Security tightened in Ogun state as Election Petition Tribunal delivers Judgment on 2007 Governorship election today #
• Sacked Boss of Oceanic Bank Plc turns herself up to the EFCC investigating her past management #
• Nigeria’s Under 20 football team defeats the Under 17 football team in a friendly match #
• EFCC’s helmswoman Farida Waziri says some of the defaulters of Nigeria’s ailing five banks collected loans with false documents #
• Ogun state Election Appeal Court declares Governor Gbenga Daniel winner of the 2007 Governorship elections #
• Lagos State Governor Babatunde Fashola says he has no plans to decamp to the opposition Peoples Democratic Party #

Nigeria’s 11 river basin development authorities are largely failures, especially in promoting all-year round agricultural activities, reports Nigeria’s Newswatch magazine (more…)

Portsmouth striker John Utaka and FC Sion defender Obinna Nwaneri have been given a late call up for Nigeria’s National football team scheduled to meet Tunisia in a World Cup qualifier September 6.

Disclosing this today, Nigeria team official Emmanuel Attah said the Super Eagles Coach Shuibu Amodu said Wolfsburg striker Obafemi Martins is left out of the squad over fitness fears.

Fears were raised today that Nigeria’s militant group- the Movement for the Emancipation of the Niger Delta (MEND) may resume  fresh attacks on Nigerian oil installations by September 15, at the end of its 60 days ceasefire (more…)

“The Freedom of the press is one of the indices of civilization…Our country will always be put at the back bench as if we are not to be reckoned with because there is no freedom of the press. This should now be entrenched in the country,” he said.

 -General Superintendent of Deeper Life Christian Ministry, Pastor William Kumuyi, during a visit to the Secretary to the Government of the Federation, Alhaji Yayale Ahmed, this week