By Kingsley Nwezeh
The ongoing trial of Petro Union Oil and Gas Company Limited, Abayomi Kukoyi, Prince Kingsley Okpala, Prince Chidi Okpalaeze, and Prince Emmanuel Okpalaeze before Justice A.M. Liman of a Federal High Court, Ikoyi, Lagos, on an amended 13-count charge bordering on conspiracy, obtaining by false pretence, attempt to steal, and forgery to the tune of £2,556,000,000 continued yesterday.
The Economic and Financial Crimes Commission (EFCC) presented its 7th witness at the trial.
The witness, Shamsudeen Abu Lili, a Senior Manager with the Corporate Affairs Commission, CAC Maitama, Abuja, was led in evidence by prosecuting counsel, Mr. Rotimi Jacobs (SAN).
COVID-19 has further revealed the importance of the information and communications technology (ICT) sector in Nigeria, and across the globe.
As revealed by the National Bureau of Statistics (NBS), the IT sector in Nigeria thrived tremendously, despite the challenges witnessed by other sectors of the economy. It not only contributed significantly to the country’s Gross Domestic Product (GDP), the industry to a large extent bridged the gap created by the forced lockdowns induced by the corona virus pandemic.
With the pandemic going into about 15 months now, and with no sign of slowing down; people, businesses, churches, schools, government institutions, among others discovered, adopted, and adjusted to the new normal, where it became possible to conduct classes, services, meetings, and seal deals online without physical interactions. This has been enabled by the power of Internet, and mobile numbers.
TODAY
February 3, 2021
The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm.
Chairman, House Committee on Public Accounts, Hon. Wole Oke made the disclosure while speaking at the investigative hearing into the audit query issued by the office of the Auditor General of the Federation (oAuGF) against Nigeria Customs Service (NSC).
The Committee was livid with the various regulatory agencies that approved such waivers in breach of due process and extant financial regulations.
Oke said that the waivers have a huge negative impact on the economy as it has left it bleeding.
Daily Post Nigeria
Published
Governor Okezie Ikpeazu of Abia state, has inaugurated the Abia State Council on the Implementation of the National Policy on Micro, Small And Medium Entreprises (MSMES) with a charge to provide guidance on policies and strategies to drive the development of the MSMES.
Speaking while inaugurating the twenty-one-man council at the Government House in Umuahia, on Tuesday, Governor lkpeazu who doubles as the Chairman of the Council further charged them to foster increased awareness and ensure stakeholders buy-in on MSME development programs initiatives and projects in the State.
The Governor represented by his Deputy, Rt. Hon. Ude Oko Chukwu also mandated members of the Council to address and resolve all cross-cutting issues affecting the development of MSME sub-sector, ensure the National policy on MSME meets the intending goals, ensure synergy among MSMES related agencies as well as enhance efficient and effective networking among MSME stakeholders in
Vanguard News
Chinese loan: Reps uncover N5bn illegal waivers for Chinese firm
On
…demand list of over 600,000 companies from Customs for not paying import duty levies
By Levinus Nwabughiogu-Abuja
The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm.
Chairman, House Committee on Public Accounts, Hon. Wole Oke made the disclosure while speaking at the investigative hearing into the audit query issued by the office of the Auditor General of the Federation (oAuGF) against Nigeria Customs Service (NSC).
The Committee was livid with the various regulatory agencies that approved such waivers in breach of due process and extant financial regulations.