recover

Police

Benue Police Arrest 15 Suspects, Recover Arms

December 5, 2019 1:45 pm
The Benue State Police Command says it has apprehended 15 suspects and recovered four rifles as well as 33 ammunitions within the last one week across the state.
Commissioner of Police in charge of Benue, CP Mukkadas Garba who disclosed this to newsmen on Thursday stated that within the period under review, the Command has been
able to forestall criminal activities such as kidnapping, robbery, homicide among others. 
“As we approach the end of the year and festive period, Benue State Police Command wishes to assure the good people of Benue State that adequate security arrangements have been made to
…

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 …

Housing

FG Should Recover, Tax Abandoned Properties, Says Adelakun

December 2, 2019 3:52 am

Yemi Adelakun is the Managing Director and Chief Executive Officer of NISH Affordable Housing Limited. Apart from being the Executive Chairman, Nigeria Integrated Social Housing Co-operative Society Limited and Managing Consultant, Skytech Institute Limited, he is also the President, Housing Finance and Investment Network and Convener of the Nigeria Housing Finance Conference on Affordable Housing.

A Chartered Manager and fellow of Chartered Management Institute,  Adelakun  joined  the civil service in 1983 and retired  as a  Permanent Secretary in the Office of the Head of the Civil Service of the Federation.

“When I retired, because of my experience in the  Federal

…
Ahmed: My Ministry Will Help AMCON To Recover Debts

Ahmed: My Ministry Will Help AMCON To Recover Debts

October 25, 2019 9:36 am

The Minister of Finance, Zainab Ahmed, has disclosed the readiness of the Ministry of Finance to assist financially ‘stressed’ Asset Management Company of Nigeria (AMCON), to recover some of the debts owed to its debtors.

Ahmed noted that her ministry has decided to help AMCON by issuing promissory notes to the tune of the debts.

She stated: “But currently, AMCON itself is stressed in the sense that the assets it bought are underperforming. The repayments that they are supposed to be able to make are not happening at the rate at which they should happen. And I understand that …

AMCON Seeks Much Collaboration To Recover ₦5trillion Debt

AMCON Seeks Much Collaboration To Recover ₦5trillion Debt

October 21, 2019 7:40 am

The Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru has said that the agency would require support of other agencies to help in the recovery of over ₦5.4trillion outstanding debt in the hands of a few Nigerians.

Aside from collaborating with the likes of the Economic and Financial Crimes Commission (EFCC); Independent Corrupt Practices and Other Related Offences Commission (ICPC); Nigerian Financial Intelligence Unit (NFIU); Nigerian Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN) as well as Ministry of Justice, Kuru has extended hand of fellowship to the judiciary whom he said must strongly support AMCON to …

Nigeria Can’t Recover $62bn From Oil Majors, Says Sylva

Nigeria Can’t Recover $62bn From Oil Majors, Says Sylva

October 17, 2019 8:27 am

The Minister of State for Petroleum, Mr. Timipre Sylva has said that Nigeria knows that it cannot recover $62 billion from oil majors despite ongoing cases against the companies for money the government believes it is owed.

“Nobody can bring out that kind of money,” Sylva told reporters after a weekly cabinet meeting in Abuja. “I mean, we can’t get $62 billion. We can maybe get something from them but not $62 billion. It’s an opportunity we have lost.”

The federal government has been fighting for the cash under a 1990s law that states it can revisit the Production …

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