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Halliburton Scam: Trial of Obasanjo’s Aide Begins

  •EFCC storms Jigawa over 2008 petition, arrests 5 From Tobi Soniyi in Abuja, Taiwo Olawale in Lagos and Ibrahim Shuaibu in Dutse, 09.06.2010     The trial of a former Personal Assistant to ex-President Olusegun Obasanjo, Mr. Adeyanju Bodunde, and five others for alleged complicity in the $180 million […]

NSE Council, Staff ‘Shared N3.4bn Illegally’

  By Goddy Egene, 09.06.2010   The weak corporate governance at the Nigerian Stock Exchange (NSE) and non-compliance with applicable laws, which were some of the reasons the Securities and Exchange Commission (SEC) intervened last month, are beginning to manifest.   A report obtained by THISDAY showed that the Council […]

Nigeria Loses $1bn in Reserves to Pressure

  By Emele Onu, 09.06.2010 Nigeria’s external reserves dropped by $1 billion to $36.010 billion yesterday as against $37 billion as at the end of September.   Analysts attributed the depletion, which occurred just about a week to the pressure on the Central Bank of Nigeria (CBN) to finance importation. […]