UNKNOWN to many, Economic and Financial Crimes Commission (EFCC) chairperson Mrs Farida Waziri’s fate was sealed at a night meeting at the Presidential Villa on Tuesday. Mrs Waziri was yesterday removed from office by President Goodluck Jonathan, who replaced the retired Assistant Inspector General of Police (AIG) with Ibrahim Lamorde, the Director of Operations of [...]

Thirty-eight days to the end of the fiscal year, President Goodluck Jonathan yesterday requested the Senate to approve N98 billion virement for ministries and agencies. Though majority of Senators agreed that the request be referred to the Senate Committee on Appropriation for consideration, some kicked against. The request was turned down by the House of [...]

The Federal Government will wind up the operations of the Power Holding Company of Nigeria by the first quarter of 2012, the Minister of Power, Prof. Bart Nnaji, has disclosed. The winding up schedule is in consonance with the plan to conclude the sale of the PHCN successor companies by the first quarter of 2012. [...]

THE Federal Executive Council (FEC), on Wednesday, approved the sum of N1.055 billion for the repairs and maintenance of the Third Mainland Bridge Phase II, in Lagos The council also directed the Ministry of Works to assess the stress on other bridges across the country and ensure they are regularly maintained. Briefing State House correspondents [...]

FOR Mr. Ibrahim Lamorde, an Assistant Commissioner of Police (ACP), this is like second coming having served as Acting Executive Chairman of the Economic and Financial Crimes Commission in the period former anti-corruption czar, Nuhu Ribadu was spirited away on course at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, prior to the [...]

Wednesday’s sack of Mrs. Farida Waziri as the executive chairman of the Economic and Financial Crimes Commis-sion (EFCC) was set in motion by a car gift, THISDAY has learnt. Sources said the curiosity of President Goodluck Jonathan was “aroused” sometime last year when he learnt that Waziri had bought a car as gift for a [...]

CHIEF Emeka Wogu, the Minister of Labour and Productivity, on Tuesday said that the Federal Government would save about 6 billion dollars by removing fuel subsidy. Wogu said this while declaring open the 5th Quadrennial National Delegates Conference of Non-Academic Staff Union of Educational and Association Institutions (NASU) in Abuja.

The Senate ad hoc committee, which investigated the privatisation and commercialisation exercise of some Federal Government property by the Bureau of Public Enterprises (BPE), has recommended the revocation of the sale of Alscon, Daily Times and Delta Steel. Also recommended for reversal are the sales of Abuja International Hotels Limited (NICON Luxury Hotel) and Sheraton [...]