Showing posts with label capital. Show all posts
Showing posts with label capital. Show all posts

Tuesday, August 5, 2014

Sierra Leone capital now in grip of Ebola




The traditional healer was not at home when Saudatu Koroma arrived at his clinic in the bustling Wellington neighbourhood of Sierra Leone’s capital. This probably saved his life. Saudatu was suffering from the incurable Ebola virus, the first person to contract the disease in the capital, and was on the run from the hospital.
“She couldn’t eat … couldn’t sleep,” said Sulaiman Foday, a neighbour who was present at the time. Foday watched as police and a medical team arrived at the scene to recover the patient, who was by now lying on the floor of the healer’s house.
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Saturday, November 30, 2013

A court in Ukraine's capital Kiev Bans Mass rallies in the city's center from December 1 till January 7.



A court in Ukraine's capital Kiev has banned rallies in the city's center from December 1 till January 7. This is what lawyer Evgeniya Zakrevskaya, who represented the interests of the defendant, said to the Russian RIA-Novosti news agency.

The complainant was the city administration of Kiev. The court fully satisfied the complainant's claim, Ms. Zakrevskaya says.

Saturday, April 20, 2013

Nigeria regulator says lifts capital market ban on Ecobank




Nigeria's stock market regulator said on Thursday it had lifted a suspension on Ecobank from capital market activities, imposed last month because of irregularities surrounding a margin loan.
"The suspension on Ecobank has been lifted ... they can now participate in capital market activities," Securities and Exchange Commission (SEC) spokesman, Yakubu Olaleye, said.
Last month, the SEC said an Ecobank client Arian Capital Management had used capital from another company as collateral for a margin loan from Ecobank. After suspending Arian, the SEC also suspended Ecobank pending an explanation.
Ecobank said at the time the ban would not affect it because its Nigeria arm no longer deals in secondary markets. The sum of the loan was just 11 million naira ($69,400), the bank said. ($1 = 158.5000 naira) (Reporting by Chijioke Ohuocha; editing by Tim Cocks and James Jukwey

(Reuters)

Thursday, October 25, 2012

Falana faults demolition of Abuja houses



Mr. Femi Falana Mr. Femi Falana
| credits:
Human rights lawyer, Mr. Femi Falana (SAN),  has faulted the position of the Federal Capital Development Authority on the demolition of 500 housing units in Minanuel Estate,  Goza, Lugbe phase 11, Abuja.

FG releases N300bn for 2012 budget’s capital projects



The Federal Government has released N300 billion for capital projects under the 2012 budget to Ministries, Departments and Agencies.

The fund, which was released on Thursday, is for quarter four and raises capital votes released so far under the budget to N1.01 trillion.

The latest release was contained in a statement by the Senior Special Assistant (Communications) to the Finance Minister, Mr. Paul Nwabuikwu.

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Stranded commuters at Alausa...on Wednesday

Source : punchng[dot]com

Thursday, October 18, 2012

N’Assembly tells FCDA to stay planned demolition of 37 estates



The National Assembly Joint Committees on Federal Capital Territory has appealed to the Federal Capital Development Authority to stop the planned demolition of the 37 estates marked for the exercise.
The joint committee made the appeal at an interactive session with officials of the FCDA, Abuja Municipal Area Council and the developers.
The Chairman, Senate Committee on FCT, Senator Smart Adeyemi (PDP-Kogi), said that the committee would meet with the owners of the estates to determine how they obtained documents for the lands they had built on, the News Agency of Nigeria reports.

Wednesday, October 17, 2012

LP urges transparency as stage set for Ondo gov poll



Chairman of the Labour Party in the Federal Capital Territory, Mr. Adejobi Peter, has called on INEC to be transparent in the discharge of its functions as preparations for the Ondo State governorship election gather momentum.

Peter made the call in Abuja on Wednesday in an interview with the News Agency of Nigeria.

He told INEC Chairman, Prof. Attahiru Jega, to transfer the INEC National Commissioner in Ondo State, Prof. Lai Olurode, “because of his partisanship.”

The chairman emphasised the need for the electoral body to ensure that the contest was free and fair.

 “When a particular party is saying that it does not want a particular person to represent us, I believe INEC ought to have complied, at least for the sake of peace,” he said.

 He urged INEC to make the political environment neutral by bringing in a neutral person to supervise the election to ensure fairness and justice.

Peter alleged that there were strategies which opposition parties in the state had adopted to discredit Labour Party during the election.

“The oppositions are trying to use the party’s logos on T-shirts and caps on the day of election to look as if Labour Party is campaigning.

“It is against the rules of INEC for any party to engage in electioneering campaign 24 hours to the election.

“The security agencies should be on the alert for this, so that our party will not be accused wrongly.

Peter also urged security agencies to keep the entry points into Ondo State secured, to prevent hoodlums from neighbouring states, causing chaos in the state.

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Source : punchng[dot]com

Monday, October 15, 2012

Fuel subsidy fraud: FHC denies Uba, others bail



A Federal High Court in Lagos on Monday denied a motion ex-parte filed on behalf of the Chief Executive Officer of  Capital Oil and Gas Ltd., Mr. Ifeanyi Uba, and four others, seeking their release on bail.

Mr. Joseph Nwobike (SAN), counsel to the applicants, in the bail application, argued that the action of the police Special Fraud Unit in detaining his clients since October 9 was a violation of their fundamental rights.

According to him, the action of the respondents is reprehensible, barbaric and a clear contravention of Section 36 (4) (5) (a) (b) of the 1999 Constitution of the Federal Republic of Nigeria.

Uba, Nsika Usoro, Godfrey Okorie, Chibuzor Ogbuokiri, and Joseph Orji,, were on October 11 arraigned by the SFU over an alleged N43.29 billion fuel subsidy fraud.

The SFU had accused the men of economic sabotage, obtaining money by false pretences, stealing of N43.291 billion, property of the Federal Republic of Nigeria, money laundering and forgery.

The four other defendants are employees of Capital Oil and Gas.

The defendants, who appeared before Magistrate Martins Owumi of a Tinubu Magistrates’ Court in Lagos, were ordered to be remanded in SFU custody for 14 days.

In his ruling, Justice Okon Abang declared that the order sought by the defendants was not possible in law.

According to him, it will be just to hear the respondents before taking any decision on the issue of bail.

Citing Order 26 Rule 10 of the Federal High Court Procedure Rules, Abang also converted the ex-parte application to a Motion on Notice, and ordered that hearing notices be served on the respondents.

Abang also ruled that the respondents were at liberty to file their responses to the converted motion on or before 12 noon Oct. 16, and that the application would be argued without fail on that date.

The case was adjourned to October 16 for continuation of hearing.

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Source : punchng[dot]com

Sunday, September 30, 2012

Nine-year-old boy killed, three others injured as terrorists attack church in Kenya



A nine-year-old boy was killed and three other children wounded when a hand grenade was thrown into a Sunday school session in a church in the Kenyan capital, Nairobi, police and medical staff said.

Kenya has suffered a series of grenade attacks since it sent troops across the border into Somalia last October in pursuit of Islamist al Shabaab militants who it blamed for kidnapping its security personnel and Western tourists.

The attack on the church came days after Kenyan troops launched a surprise offensive on the southern Somali port of Kismayu, the last stronghold of the al Shabaab, forcing the rebels to flee, Reuters reports.

Police said attackers threw the grenade into the Sunday school service in St. Polycarp’s church on Nairobi’s Juja Road.

The grenade exploded, spraying the children with shrapnel and fatally injuring the boy.

“We suspect this blast might have been carried out by sympathisers of al Shabaab,” said deputy police spokesman Charles Owino.

“These are the kicks of a dying horse since, of late, Kenyan police have arrested several suspects in connection with grenades,” he added.

Masked assailants launched simultaneous gun and grenade raids on two churches in the northern town of Garissa in July, killing at least 17 people.

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Source : punchng[dot]com

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