Day: June 4, 2019

Fuel subsidy not helping the poor — World Bank

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World Bank’s Vice President for Sustainable Development, Laura Tuck, has warned Nigeria and other countries paying subsidies on fossil fuels to desist from it as such practice was not in favour of the poor. Tuck made this known at the ongoing World Circular Economic Forum in Helsinki, Finland while addressing the theme ‘Scale it up! The Next Era of the Circular Economy.’ According to her, the continuous payment of huge sums of money as subsidies on fossil fuels has worsened resources consumption and increased greenhouse emission and pollution. “Strong evidence…

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Ex-NIMASA DG jailed 7 years over N136m fraud

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Former acting Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Calistus Obi, has been sentenced to 42 years imprisonment by a Federal High Court sitting in Lagos, yesterday, for N136 million fraud. The court handed Obi a seven-year imprisonment on six of the counts he was convicted and in the alternative, N7milion on each of the counts. The trial judge, Justice Mojisola Olatoregun, also sentenced to a total of 21 years imprisonment, Alu Dismas, an aide to another DG of NIMASA, Patrick Akpobolokemi. In sentencing the convicted…

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Easter bombing: Monk’s hunger fast forces two govs to resign in Sri Lanka

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Ven Athuraliye Rathana, a Buddhist monk and Member of Parliament in Sri Lanka, who embarked on hunger-fast has forced the resignation of two governors. The two governors were condemned for their support for the extremist groups responsible for the Easter Sunday bombings, officials said on Monday. Rathana was into the fourth day of his fast in Kandy when a message from President Maithripala Sirisena was conveyed to him about the resignations, prompting the end of his protest. “The monk was dehydrated and his condition was deteriorating. He has been removed…

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Blessing Okoro Apologises over House Ownership Scandal

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Blessing Okoro, a relationship blogger, claiming ownership of a house that isn’t hers leading to her arrest by the owner, Onye Eze, has tendered apology has issued an official apology. She wrote, “Hey lovers, I know it has been crazy lately and I am sincerely sorry. I take responsibility for everything. I hate that I had to put my friends and everyone else who looked up to me in this position. Like everyone else I had goals set up for the year and one of them was to finish my…

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Obasanjo to Aisha Buhari: Engage your husband in ‘pillow talk’ on state of nation

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Mrs. Aisha Buhari has been commended by former President Olusegun Obasanjo, for her occasional criticism of some Federal Government actions. Obasanjo, who spoke in Abeokuta yesterday, however suggested that for Aisha to get her husband’s attention to grasp the “true state of the nation,” she should engage her husband in “pillow talk.” The First Lady has occasionally expressed displeasure about some decisions of the Federal Government, the latest being her challenge to the security agencies to find solution to the consistent banditry in the country. In his reaction to the…

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Court halts sacking of Tinubu, Boyo as Oando directors by SEC

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Security and Exchange Commission (SEC) has been restrained by a federal High Court, Lagos, from taking any step concerning its imposition of a fine of N91,125,000.00 on the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu, and barring him and his deputy, Mr. Omamofe Boyo, from being directors of public companies for a period of five years. Justice Mojisola Olatoregun granted the order yesterday following an ex-parte application accompanied with an affidavit of urgency filed before the court by Dr. Olisa Agbakoba (SAN) leading two other senior advocates,…

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