Day: October 26, 2019

Senate Committee Clerk Chases Journalists  Out of Budget Defence Session 

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  On Friday 25, 2019 evening, journalists were chased out of the budget defence session that the committee had with management of the North East Development Commission and the National Commission for Refugees, Migrants and IDPs. The man at the centre of the barring of journalists was the Clerk to the Senate Committee on Special Duties, Kabir Yaba Umar. Umar had earlier in the morning extended invitation to the Senate Press Corps to cover the Committee’s budget defence session with the two Commissions at Senate Committee Room 211 by 2p.m.…

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Access Bank’s profit rises by 44 percent in nine months

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Reflecting the positive impact of its merger with former Diamond Bank Plc, Access Bank Plc has reported a significantly improved performance for the nine months ended September 30, 2019. The bank posted a growth of 44 per cent in profit after tax (PAT) to N90.7 billion in 2019, up from N62.9 billion in the corresponding period of 2018. The breakdown showed that Access Bank Plc ended the period with net interest income of N210 billion, compared with N123 billion in 2018, while non-fee income rose from N37 billion to N56…

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Sick boy dies after dad lavishes £130,000 treatment money on prostitutes

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João Miguel Alves, a toddler who suffered from a rare disease has died following allegations that his father spent all the money raised for him on partying at hotels with prostitutes. The toddler suffered from spinal muscular atrophy but lost his fight for life on October 17. His dad Mateus Henrique Leroy Alves, 37, was found in a luxury hotel where he had been staying for two months after his wife Karine Rodrigues reported him to police. He is alleged to have spent the cash on prostitutes, designer clothes, watches,…

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N100billion pension fraud: Maina, son remanded in prison

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Abdulrasheed Maina, the former chairman of the Pension Reform Task Team (PRTT) who was arraigned by the Economic and Financial Crimes Commission (EFCC) before a Federal High Court in Abuja alongside his son, has been remanded in prison, pending the hearing of their bail applications on November 19 and 6 respectively. . Maina and his 20 year-old son, Faisal are facing 12-count charges and three-count charges respectively of money laundering and concealment of proceeds of the unlawful act. Following the defendants’ plea of not guilty defence counsel, Ahmed Raji (SAN)…

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