Nigerian Army retires 10 generals

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The authorities of the Nigerian Army have retired some top generals of the Army. It was gathered that those retired were ten in number. Among those affected were the former Director of Training and Operations, Defence Headquarters, Maj.-Gen. Lawrence Ngugbane, the former Commander of Training, Doctrine and Command, Maj.-Gen. Babagana  Mungonu, and the former Chief of Research and Development, Maj.-Gen. Obinali Ariahu.

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Coscharis Boss Cosmas Maduka retires from Access Bank’s board

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By Omoh Gabriel & Peter Egwuatu
LAGOS — The Central Bank of Nigeria, CBN, has sanctioned Access Bank Plc for violating the Banks and Other Financial Institutions Act, BOFIA, 1991 in 2011.  This came as Dr Maduka Cosmas has retired from Access Bank’s Board of Directors.

The apex bank, in the sanction, fined Access Bank N3 million for violating its rules and regulations on granting of loans.

However, CBN told Vanguard, yesterday, that the issue at stake is not new. The CBN official said the said sanction was based on the examination the CBN carried out on the bank on September 30, 2011.

Oshiomhole Retires Perm Sec Over N300,000 Contract

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Gov. Adams Oshiomhole of Edo said on Monday that he retired a permanent secretary over what he described as alleged “irresponsible act”. Oshiomhole justified the compulsory retirement of Mr Alhassan Ikloha, as the Permanent Secretary of the Ministry of Environment , in a statement issued by his Chief Press Secretary, Mr Peter Okhiria, in Benin.  The governor spoke at a meeting held with permanent secretaries in the state civil service at the Government House. He explained the retired officer contracted out the Museum Ground at Kings Square at a paltry sum.