Monthly Archives: March 2018

Facebook Under Pressure As U.S., EU Urge Probes Of Data Practices

British privacy regulators are seeking a warrant to search the offices of the political consultancy Cambridge Analytica late Monday following reports that the company may have improperly gained access to data on 50 million Facebook users, according to a Channel 4 television report. The move came as U.S. and European lawmakers demanded an explanation of how the consulting firm, which ...

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Mass Sacking Looms In Oil Industry Over Picketing

Several thousand jobs are on the line as the confrontation between white collar workers union, Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and petroleum industry service firms enter attrition stage. It is not clear what specific actions the oil companies will take, but inferences are strong that massive staff change out is imminent in most of the oil service ...

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Ex-French President Sarkozy Arrested Over Gaddafi Money

Former French President Nicolas Sarkozy was being held in police custody on Tuesday for questioning by magistrates looking into allegations of Libyan funding for his 2007 election campaign, an official in the French judiciary said. A lawyer for Sarkozy could not be reached immediately for comment. France opened a judicial inquiry in 2013 into allegations that Sarkozy’s successful 2007 election ...

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How $3bn Was Stolen In NNPC/NDPC Strategic Alliance Contracts – Osinbajo

…says grand corruption is Nigeria’s economy’s biggest problem Nigeria’s Vice President, Prof. Yemi Osinbajo, says the promoters of the companies in strategic alliance contracts with the Nigerian National Petroleum Corporation (NNPC) and NDPC made away with close to 3billion US dollars, almost a tenth of Nigeria’s reserves, at one point. In his remarks at the 7th presidential quarterly business forum at ...

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Reinstate Boroh Or Face War, Niger Delta Militant Groups Threaten Buhari

A coalition of nine militant groups in the Niger Delta, under the aegis of the Reformed Niger Delta Avengers, has given President Muhammadu Buhari a four-week ultimatum to reinstate sacked Coordinator of the Presidential Amnesty Programme, Brig.-Gen. Paul Boroh (retd.). The militants vowed to resume fresh attacks on oil installations and facilities across the length and breadth of the region ...

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Niger Delta Youths Decry Leadership Failure In The Region

Youths from the nine states of the Niger Delta have decried the alleged perennial leadership failure in the region, saying the menace has unleashed poverty, sorrow, under-development on their people. The youth, under the aegis of the Pan Niger Delta Youth Leadership Forum, said the situation was curious, unthinkable, unfortunate and worrisome considering the trillions of naira that had been ...

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Fidelity Bank Promotes Financial  Literacy to 3,500 Students in 31 Schools

Fidelity Bank has tutored 3,500 students in 31 schools across Nigeria, as part of activities to mark this year’s Global Money week and Financial Literacy Day. The bank’s Managing Director, Mr. Nnamdi Okonkwo, who was represented by its Divisional Head, Brand and Communication, Mr. Charles Aigbe, was at the Government Day Secondary School, Lokoja, Kogi State. Also, other senior employees of the bank visited other schools in ...

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Opposition Doubts Putin’s ‘Landslide’ Victory

Russia’s opposition elements have queried the landslide victory of President Vladimir Putin in Sunday’s presidential election, which gave him another six years in power. Putin, who has ruled Russia for almost two decades, won more than 75 percent of the vote according to preliminary results, but the opposition cried foul. It reported ballot stuffing and other cases of alleged fraud ...

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Bank Fraud: Indian Billionaire Jeweller Modi, In Trouble

Indian authorities have seized a solar power plant and some 134 acres of land belonging to billionaire jeweller Nirav Modi in connection with the country’s biggest-ever bank fraud of 1.8 billion U.S. dollars. “The Enforcement Directorate took possession of the land and solar power plant in Ahmednagar in western India Sunday. “Earlier, it attached 21 immovable properties worth 5.24 billion ...

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Nigerian Banks Lose 2m Customers In 2 Years – Statistics

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion,Nigerian banks lost over 2 million customers between 2016 and 2017. According to statistics from the Nigeria Inter-Bank Settlement System (NIBSS), the number of active bank accounts also reduced by 1.5 million, dropping from 65 million to 63.5 million. The statistics obtained by the News Agency of Nigeria (NAN) from the ...

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