At last, National Assembly passes N7.441 trillion 2017 Budget

After about five months of deliberation, critical examination of details and rejigging, the two chambers of the National Assembly on Thursday passed the 2017 budget. Specifically, the budget was passed Thursday exactly 147 days after it was laid before the lawmakers. President Muhammadu Buhari presented a N7.298 trillion estimate before the joint session More...

by Bar and Bench | Published 2 weeks ago
By Bar and Bench On Thursday, May 11th, 2017
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Police arraign GTB staff for stealing customers’ N8.449m

Police in Lagos, on Thursday, arraigned a staff of Guaranty Trust Bank (GTB),  Bidemi Wasiu, before an Igbosere Chief  Magistrate,s Court, for allegedly stealing the sum of N8.4million, from the account of two More...

By Bar and Bench On Thursday, May 11th, 2017
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N1.5bn Contract Scam: Appeal Court quashes Omatseye’s conviction, sets him free

The Court of Appeal  sitting in Lagos has set free the Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Raymond Omatseye over alleged N1.5billion contract scam. That was More...

By Bar and Bench On Wednesday, May 10th, 2017
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Court orders ex-minister’s sons to pay NERFUND N61.057M

Toyin Akinfolajimi Justice Ahmed Mohammed of a Federal High Court sitting in Abuja has ordered promoters of Bakrad International Limited and children of a former Minister of Women Affairs,  Hajia Zainab Maina,to More...

By Bar and Bench On Tuesday, May 9th, 2017
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N11bn Oil Theft: Lagos court orders DSS to produce Ifeanyi Ubah in court

A Federal High Court sitting in Lagos on Tuesday issued an exparte order compelling the Department of State Services (DSS) to produce, willy-nilly, the Managing Director of Capital Oil and Gas Limited, Ifeanyi More...

By Bar and Bench On Tuesday, May 9th, 2017
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Minimum Wage: No funds to pay workers—Ngige

New minimum wage talks may have been shifted until salary and promotion arrears owed civil servants are cleared, it was learnt yesterday. Minister of Labour and Productivity Chris Ngige, Minister of Finance Mrs. More...

By Bar and Bench On Tuesday, May 9th, 2017
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Frozen $9.8m: EFCC halts legal move by Patience Jonathan to unfreeze accounts

Legal moves by former First Lady, Patience Jonathan, to unfreeze four controversial bank accounts containing $9.8m and domiciled in Skye Bank were frustrated on Monday by the Economic and Financial Crimes Commission More...

By Bar and Bench On Monday, May 8th, 2017
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CBN injects $81.2m for invisibles, SMEs segments

The Central Bank of Nigeria (CBN) on Monday, pumped a total sum of $81.2 million into the invisibles and Small and Medium Enterprises (SMEs) segments. The apex financial institution, had, last Friday, injected More...

By Bar and Bench On Monday, May 8th, 2017
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Tax Evasion: FIRS wields big stick against firms in Lagos, Abuja, Imo

The Federal Inland Revenue Service (FIRS), on Monday, sealed premises of tax-owing companies in Lagos, Abuja and Orlu in Imo State. In Lagos, the FIRS team, led by Anita Erinne, sealed Autobahn Techniques Limited More...

By Bar and Bench On Monday, May 8th, 2017
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Naira appreciates against dollar at parallel market

The Naira on Monday appreciated against the dollar at the parallel market, NAN reports. The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while More...