Buhari Direct Release Of Fund For Ogoni Clean Up

 

  President Muhammadu Buhari has directed that the Nigerian National Petroleum Corporation (NNPC) and oil companies release fund within a very short period for the clean-up of Ogoni community.

Malaysia Slash Salaries Of Ministers

   Malaysia has slashed salaries of ministers by 10 per cent and also cut public spending. The decision was taken to control spending as the new government deals with high-level debt, the 92-year-old leader said exceeded more than one trillion ringgit (251.5 billion U.S. dollars). Prime Minister Mahathir Mohamad on Wednesday the measures at the first cabinet meeting which was attended by more than a dozen of the newly sworn-in ministers. “We are concerned about the country’s financial problem,” Mahathir told reporters after the meeting.

Tribunal Orders FCMB To Pay N989m Decade Debt

 

  The Investments and Securities Tribunal, Abuja, on Wednesday ordered First City Monument Bank Plc (FCMB) to pay N988.5 million to a stock broking firm after a decade long dispute. Valueline Securities and Investments Ltd, who brought the bank before the tribunal, said the debt was from shares purchase fund allegedly misappropriated in 2008 by the defunct FinBank Plc with which FCMB merged in 2012.

Unai Emery Becomes Arsenal's New Coach

  Unai Emery has officially been confirmed as the new Arsenal head coach, the club has announced. The Spaniard, who left Paris Saint-Germain at the end of this season after two years, beat Manchester City assistant coach Mikel Arteta to become the man to succeed Arsene Wenger after 22 years at the helm.

Obasanjo Replies Buhari’s Query On $16b Power Fund

 

  Former president Olusegun Obasanjo is angry and has taken up the gauntlet against President Muhammadu Buhari over his claim that he wasted $16 billion power funds during his eight years administration.