Nigeria’s Bureau of Public Procurement (BPP) has saved N420B for the Federal Government in the last 15 months through the vetting of contracts of Federal Ministries, Departments and Agencies (MDAs). Mr Emeka Ezeh, the Director-General of the agency disclosed this on Sunday at the closing ceremony of a three-day retreat for Chief Executive Officers of [...]
How much does a new 200KVA generator cost? Either basic or soundproof, the cost is less than N20million. But an agency of government in 2009 bought one for N129million, more than 600 per cent higher. To underscore the unbridled corruption, the man at the helms awarded himself the grossly inflated contract, when it was possible [...]
The National Copyright Commission has charged a Nigerian businessman identified as Emmanuel Udeze, to the Federal High Court sitting in Enugu with piracy. Udeze is facing a two-count charge of unauthorised exhibition of DVD plates and being in possession of such products without the consent of the owner. The counsel to the plaintiff, Mr Paul [...]
Rusal, the aluminium company of Russian oligarch Oleg Deripaska on Friday halted production at ALSCON, Ikot Abasi in Nigeria’s Akwa Ibom state, 10 days to the hearing of a $2.8billion suit against it by the US group, BFIG, which Nigeria’s Supreme Court ruled last year should be the authentic owner of the plant. Rusal said [...]
Some owners of warehouses at the Ladipo International Spare Parts Market in Lagos lost about N12 million during the closure of the market for two weeks. Mr. Abibu Oki, one of the market leaders, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Thursday. According to him, there are [...]
Nigeria’s football star, Nwankwo Kanu has lost N1.4 billion in his hotel business and the Managing Director of the hotel, Mr. Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud. Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated [...]
Chinese couples are flocking to divorce to avoid a new tax property sales tax imposed by the government, after it left open a loophole for those who end their marriages. Government marriage registration offices — which also handle divorces — were swamped by scores of couples trying to untie the knot, with one newly-separated woman [...]
