An Abuja High Court Friday afternoon remanded the former chairman of the House of Representative Ad-hoc Committee on fuel subsidy regime, Hon. Farouk Lawan and the secretary of the committee, Mr. Emenalo Boniface, in prison custody till February 08, 2013 when their bail application is expected to be determined. Farouk and […]
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Peregrine boss Wasendorf gets 50 years jail for fraud
A judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost. Russell Wasendorf Sr., who had tried to kill himself just before the fraud […]
Transcorp and GE sign agreement on Power & Infrastructure Development
Transnational Corporation of Nigeria Plc (Transcorp) and General Electric (GE), today signed a framework agreement to collaborate in addressing the infrastructural needs of Nigeria, with emphasis on the power and transportation sectors. GE, a global leader in the design, manufacture, supply, installation and maintenance of technology and services for the […]
