June 3, 2019

Prosecutor requests jail term for Bouteflika-era tycoon

June 3, 2019 3:22 pm

An Algerian prosecutor requested Monday that a business tycoon linked to ousted leader Abdelaziz Bouteflika be sentenced to 18 months in prison for “forgery”, according to an AFP correspondent.

Ali Haddad, who owns Algeria’s largest private construction company, has been detained since his arrest on March 31 while trying to cross into Tunisia, days before Bouteflika stepped down in the face of country-wide protests.

He was carrying two passports — which is forbidden under Algerian law — and is also accused of carrying undeclared foreign currency.

“This is a political trial, the charge of fraud has no (legal) basis,” Haddad’s …

Eid-el-Fitri: NSE market indices down by 0.45%

June 3, 2019 2:57 pm

The Nigerian equities market maintained a bearish outing on Monday, having opened for the week with a loss of 0.45 per cent.

The News Agency of Nigeria (NAN) reports that the bearish trend was on the back of losses witnessed in highly capitalised equities.

NAN reports that the Nigerian Stock Exchange(NSE) will close for June 4 and 5 in line with public holidays declared by the Federal Government to mark Eid-el-Fitri celebration.

Speficially, the All Share Index (ASI) shed 141.08 points, representing a dip of 0.45 per cent to close at 30,928.29 against 31,069.37 on Friday.

Similarly, the market …

Indian Airforce plane missing with 13 on board

June 3, 2019 1:44 pm

An Indian plane with 13 people on board went missing on Monday in the country’s remote north-east, prompting authorities to launch search operations.

The Antonov An-32, took off from the Jorhat airbase in the Assam state for the Mechuka military landing strip, in Arunachal Pradesh state.

It was carrying eight crew members and five passengers, official sources told broadcaster NDTV.

Read Also: Russian plane crash kill 41

“I Spoke to vice chief of Indian Airforce (IAF) Air Marshal Rakesh Singh Bhadauria, regarding the missing aircraft which is overdue for some hours,’’ Defence Minister Rajnath Singh said on Twitter.

“He has …

Unfathomable Mercy: A full length TV drama series 9

June 3, 2019 1:24 am

By MarkAnthony Nze

27. INT. KEN’S OFFICE.DAY.

KEN in his OFFICE and seriously BUSY working with his LAPTOP, his PHONE rings, earlier he ignores it but when it keeps ringing persistently, he takes it.

KEN

Hi sweetie!

NGOZI

I’m all right and you?

KEN

Well, I would be a lot better if you will come and spend the weekend with me.

NGOZI

You’re not serious ken.

KEN

Of course, you know I am. So are you coming over to my place?

NGOZI

Ken, you know quite well that my Christian faith forbids it totally for me …

CBN reveals $14.2bn capital flows to Nigeria in five Months

Nigerian banks borrow ₦12 trillion from CBN in six months

June 3, 2019 12:46 am

The nation’s Deposit Money Banks have made frequent visits to the facilities’ window of the Central Bank of Nigeria (CBN) in the last six months, resulting to ₦12.09 trillion borrowings. Meanwhile, CBN Governor, Godwin Emefiele, would kick off his second term in office tomorrow, having earlier been confimrmed by the National Assembly.

He is now expected to roll out new initiatives and pursue full implementation of ongoing policies in banking supervision and stability; robust microfinancing; price stability through inflation management; sustenance of the unconventional policy to support the ailing economy; and foreign exchange management, among others.

The banks continued to …

Atiku, Obi want replacement of Bulkachuwa in case

June 3, 2019 12:21 am

Peoples Democratic Party (PDP) candidate in the February 23 presidential election, Atiku Abubakar and his running mate Peter Obi, have asked the President of the Court of Appeal, Justice Zainab Bulkachuwa, to name her replacement in the five-man panel constituted to hear their petition.

In a letter by the Atiku-Obi presidential election petition legal team, the candidates reminded Justice Bulkachuwa that she promised to name her replacement while withdrawing from the Presidential Election Petitions Tribunal (PEPT) panel on May 22.

Atiku and Obi, in the letter dated May 31, and signed by Silas Joseph Onu, drew Justice Bulkachuwa’s attention to …

Pastor blames devil after impregnating 16-year-old orphan

June 3, 2019 12:01 am

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP), has arrested a 48–year-old pastor in Abuja for alleged rape and sexual exploitation of a 16-year-old orphan.

NAPTIP’s Head, Press and Public Relations Unit, Stella Nezan, disclosed this in a statement on Sunday in Abuja.

Nezan alleged that the suspect, a pastor in the Mountain of Fire and Miracle Church (MFM), Gwarimpa branch, impregnated his victim in the process.

She said that the suspect, who volunteered to provide shelter for the girl and deliver her from evil spirit after she had been accused of witchcraft, took advantage of the …