BusinessDay newspaper has reported that about 612 may licensed Microfinance Banks (MFBs) in Nigeria may close shop if they fail to meet the recapitalisation deadline the first threshold of which is due by the end of April, although the final deadline will be in 2022. The banks were established to meet the financial needs of…
President Muhammadu Buhari has ordered all security and intelligence agencies to ensure the arrest and prosecution of perpetrators of the attacks on both the Headquarters of the Imo state Police Command and the Correctional Centre in Owerri. Gunmen had in the early hours of Monday, attacked the two places causing mayhem. Inmates at the Correctional…
Members of the Judiciary Staff Union of Nigeria (JUSUN) will on Tuesday embarked on indefinite strike to protest the non-implementation of financial autonomy for the judiciary. The federal government has approved financial autonomy of the third arm of government, however, state governments were to yet allow financial independence to judiciary at the state level. A…
The military has “recovered”five of the 39 abducted students of Federal College of Forestry Mechanization, Afaka, Kaduna have been “recovered.” The Kaduna state commissioner for Internal Security and Home Affairs, Mr. Samuel Aruwan disclosed this in a statement on Monday in Kaduna. Aruwan said the five students were recovered by the military in the afternoon…
Gunmen have attack the Owerri Correctional Prison, Imo State, freeing over 1500 inmates.The incident according to the Punch newspaper, happened in the early hours of Monday. The gunmen also razed the Imo State Police Command headquarters located in Owerri and burnt almost all the vehicles parked at the command headquarters. The newspaper reports that the…
Non-indigene staff of the Taraba Publishing Company Limited, have dragged the company to the Jos Division of th National Industrial Court over 77 months salary arrears totaling N73.3m In their statement of claim, the workers alleged that 18 of them who are not from Taraba state were denied salaries since the company stopped operation in…
