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BUSINESS

FG to sell five power plants for $1bn

The Federal Government through the Bureau of Public Enterprises is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost of about $1.15bn, it was gathered on Tuesday. Although sources familiar with the development explained that the cost of the plants should exceed $5bn based on international benchmark, they revealed that the BPE was planning to sell the facilities at […]

todayJanuary 24, 2024 28

NEWS

Five most anticipated elections of 2024

2024 will turn out to be one of the years with busiest elections in recent times as a larger per cent of the population in the world will be electing their leaders. No fewer than 30 countries will elect presidents while 20 elect their parliament. Observers alert of risk in places of disinformation and manipulation of the process through the use of artificial intelligence. Below is a list of five […]

todayJanuary 19, 2024 8

NEWS

LASTMA sacks five officials for corruption

The Lagos State Traffic Management Authority has confirmed the dismissal of five officers and reprimanded two for being guilty of corruption and misconduct while performing their duties in the state. According to the statement, the Lagos State Civil Service Commission had approved every proposal the Personnel Management Board had made about the seven LASTMA officers who had been indicted during their meeting on Tuesday, August 19, 2023. Taofiq said, “While […]

todayDecember 11, 2023 40

BUSINESS

Court jails cashier five years for defrauding employer N64.4m

The Lagos State High Court sitting in Ikeja has sentenced cashier, Tunde Abdulramon, to five years’ imprisonment for his employer’s N64,420,900 to marry a new wife and also for opening the same kind of his employer’s business for his new wife. Justice Raliat Adebiyi who handed down the sentence also ordered the convict to make restitution by returning all the properties he bought while in his employer’s establishment and also […]

todayNovember 15, 2023 26

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