billions

Court Saves 21 States Billions, AGF To Recover Govs Pension

December 5, 2019 7:17 am

Akpabio, Amaechi, Shettima, Goje, 10 others affected
Fashola, Sylva, Aregbesola yet to draw benefits

For 21 states with pension laws stipulating post-office benefits running into billions of naira for their former governors and deputies, it was a sigh of relief wednesday as the Federal High Court, sitting in Lagos ordered the Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, to recover all funds paid as pension to erstwhile state chief executives, who are also serving in the National Assembly or as ministers.

The court, presided over by Justice Oluremi Oguntoyinbo, while delivering judgment in a …

Facebook Wipes Billions Of Fake Accounts

November 13, 2019 5:13 pm

Facebook on Wednesday said it has taken down some 5.4 billion fake accounts this year in a sign of the persistent battle on social media against manipulation and misinformation.

Amid growing efforts to create fraudulent accounts, Facebook said it has stepped up its defenses and often removes the accounts within minutes of being created.

“We have improved our ability to detect and block attempts to create fake, abusive accounts,” the internet firm said in its latest transparency report.

“We can estimate that every day, we prevent millions of attempts to create fake accounts using these detection systems.”

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Nigeria losing billions in maritime, says NIMASA

April 12, 2019 11:36 pm

The Nigerian Maritime Administration and Safety Agency (NIMASA) have rued the high level of capital flight occasioned by inadequate participation of indigenous firms in the cargo affreightment value chain.

Director-General NIMASA, Dakuku Peterside disclosed this on yesterday at the agency’s day at the on-going 30th Enugu International Trade Fair, organized by the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA).

Speaking on “Cargo Support Initiative and Transport Logistics for Non-Oil Export Trade”, the DG said over the years, Nigeria is known for exporting raw materials with little or no value addition at all. He maintained that the situation has …