BUSINESS
World Bank blacklists CCECC, five other Chinese firms operating in Nigeria
The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria Railway Company Limited, CRCC Petroleum and Gas Company Limited and CCECC Nigeria Company Limited. Others are China Railway Construction (International) Nigeria Company Limited, China Railway 18th Bureau Nigeria Engineering...
Enugu banker gets N200m bail in fraud allegation
An Enugu State High Court, Friday, granted bail worth N200 Million to Oliver Anidiobi, a banker who was accused of fraud. Anidiobi is facing trial before the court on 32 count charges of forgery and stealing, slammed against him by the Economic and Financial Crimes Commission (EFCC). He was earlier arraigned by EFCC on May 7 this year and was remanded...
Saraki warns NBC over court order on AIT, Ray Power FM
Senate President, Dr. Abubakar Bukola Saraki, has called on the National Broadcasting Corporation (NBC), to immediately obey the court order granted by the Federal High Court in Abuja, which called for the maintenance of status quo as of May 31, 2019, pending the determination of a motion filed by DAAR Communications PLC, owners of Raypower Radio and African Independent...
