recovery

Pray For Economic Recovery In 2020 – Kogi Rep Member

January 1, 2020 9:35 am

Member Representing Kogi Lokoja Federal Constituency in the House of Representatives, Barr. Shaba Ibrahim, has extended his heartfelt good wishes to all Nigerians, particularly to people of Kogi Lokoja Federal Constituency in the New Year, calling on them to pray for a full recovery of the economy in 2020.

Barr. Shaba in a New Year message on Wednesday said a strong economy would enable the government to achieve physical development and improved standard of living of the people.

He noted that most of the problems now threatening the unity, progress and peace of the country were rooted in the poor

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Senate Pledges to Support AMCON’s Debt Recovery Drive

November 22, 2019 4:20 am

The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, yesterday said the National Assembly will join forces with the executive arm of government to wedge war against obligors of the Asset Management Corporation of Nigeria (AMCON).

Sani, who is the senator representing Kaduna Central, made the declaration at the commencement of the 2019 retreat for members of the Senate Committee on Banking, Insurance and other Financial Institutions, which began in Kaduna on Wednesday.

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A statement from AMCON, quoted the lawmaker to have said recovering the …

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FGN’s $406.7m debt recovery suit against Shell adjourned

June 6, 2019 8:24 am

A Federal High Court Lagos on Thursday, adjourned until June 19, hearing in a debt recovery suit filed by the Federal Government, against Shell Western Supply & Trading Ltd, over alleged 406.7 million dollars shortfall in Crude Oil shipment.

The suit numbered FHC/L/CS/336/16, was filed by FG’s counsel, Prof. Fabian Ajogwu, SAN.

It has as defendants, Shell Petroleum Development Company of Nigeria Ltd and its subsidiary, Shell Western Supply & Trading Ltd.

The money was said to be for crude oil lifted in 2013 and 2014.

The suit is pending before Justice Mojisola Olatoregun.

The case was adjourned until June …