Cement manufacturer BUA is insisting competitor Dangote should let the courts decide the raging ownership tussle over Obuh mines rather than resort to peddling falsehoods and big lies in an attempt to play to the gallery.
The Lagos State Government on Wednesday arraigned a brother of late founder of Guaranty Trust Bank (GTB) and property developer, David Olumide Aderinokun and a staff of the New Town Development Authority (NTDA), Balogun Adeniyi Abdul-Wakil before an Igbosere Magistrate Court over alleged conspiracy, forgery, stealing and
The hearing of an application to forfeit two penthouses valued at $4.760m allegedly belonging to former Petroleum Resources Minister Mrs Diezani Alison-Madueke was stalled at the Federal High Court in Lagos yesterday.
The ruling Atta Omadivi Family of Okene in Kogi State has described the publication of the Ministry of Mines and Steel Development bequeathing the contentious Mining Lease ML 2541 to Dangote Group as a ‘reflection of desperate, reckless, irresponsible and partisan conduct of the ministry’ which has continued to flout all court injunctions related to the contentious lease.
A High Court of the Federal Capital Territory ( FCT ), in Bwari, Abuja, on Thursday issued a bench warrant for the arrest of the Managing Director and Chief Executive Officer of Access Bank Plc, Herbert Wigwe and two others
The Managing Director and Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe and Mr. Neka Adogu were on Thursday arraigned before an Abuja High Court by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for offences deemed as corruption by
A Federal High Court sitting in Lokoja, Kogi State Capital has ordered Dangote Group, Dangote Cement Plc, Obajana Cement Plc, Dangote Industries and their subsidiaries in a judgement against them, to pay the sum of
The sack, last week, of Mr. Mounir Gwarzo as Director-General (DG) of the Securities and Exchange Commission (SEC) by Finance Minister, Mrs. Kemi Adeosun, was provoked by a letter found offensive by the minister. While the official spiel was that
The Senate on Tuesday suspended its plenary for two weeks to enable Ministries, Departments and Agencies, MDAs defend their budgets before Senate committees considering the 2018 appropriation bill.
While urging the senators to be steadfast in their activities on the budget, Senate President Bukola Saraki warned ministers and heads of MDAs against ignoring committee invitations.
Tuesday’s decision follows the passage of the 2018 appropriation bill for second reading.
“We know the time table is tight,” Mr. Saraki said while announcing the break. “We would suspend plenary for us to start the defence of the budget.
“The budget committee chairman and members should ensure they keep to the timetable. I want to make a warning to all heads so MDAs to ensure that they respect strictly the letter of invitation and the time table.
Mr. Saraki issued stern warning to ministers and heads of MDAs to desist from being absent during Senate committee meetings.
“This is not time for excuses for ministers and parastatals to start travelling and not be able to attend defence. We don’t have the time. It is a very short time. They should be there on time so that the committee can wrap up and present their report. I know we have a lot of work ahead.
“There would be a public hearing from my discussion with the chairman on appropriation; we are looking at Monday the 18th. Between now and then the announcement would be made.
The Senate referred the budget to the committee on appropriation to report back on Tuesday, December 19 when plenary resumes.
The Business council for International Understanding (BCIU), a non-profit U.S Business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, tonight presented the prestigious Dwight D. Eisenhower Global Entrepreneurship Award to both Tony O. Elumelu and Bill Marriott, Chairman, Marriott International Inc.
The award was conferred on Elumelu in recognition of
The Executive Chairman/CEO, BUA Group, Abdulsamad Rabiu has called on President Muhammadu Buhari to intervene and investigate acts of sabotage against BUA Cement operations by Dangote Group in connivance with top officials of the Ministry of Mines and Steel Development.
Following the success it recorded at Obafemi Awolowo University recently, Skye Bank PLC, is set to storm Abia State Polytechnic, Aba to promote its ‘Ref n Win’ campaign which provides students and the academic communities an opportunity to experience convenient and accessible banking offerings at their doorstep.