New AIG Zone 6 Visits Ayade, Applauds Cross River Homeland Security And Safety Law

From (L) Cross River State Governor, Senator Ben Ayade, in a handshake with the (M) Assistant Inspector General of Police (AIG) Zone 6 Command Calabar, Mr. Abubakar Marafa, while the State Commissioner of Police, Jimoh Ozi-Obeh watches

The new Assistant Inspector General of Police, Zone 6, Abubakar Marafa has applauded the Cross River State Homeland Security and Safety bill recently passed into law.

BREAKING: Court sacks Governor Ikpeazu

A Federal High court has ordered Governor Okezie Ikpeazu of Abia state to vacate his seat – Ikpeazu was ordered to vacate his office over the account of fake tax returns prior to the December 2014 governorship election in Abia state – The court orders INEC to immediately issue a certificate of return to Uche Ogah, who polled the second highest number of votes in the PDP primary.

A Federal High Court in Abuja has sacked Governor Okezie Ikpeazu of Abia state for allegedly submitting false information to his party, the Peoples Democratic Party, ahead of the party’s governorship primary in December 2014. In his judgement on Monday, June 27, Justice Okon Abang ordered the Independent National Electoral Commission (INEC) to immediately issue a certificate of return to the plaintiff, Uche Ogah, who polled the second highest number of votes in the primary, The Punch reports. Sahara Reporters is reporting that Justice Okon Abang asked the INEC to cease the certificate of return issued to Governor Okezie Ikpeazu as he was never qualified to run for the party primaries in the PDP as a guber candidate. According to the report, the judge also ordered the Chief Judge of the state to swear in, Uche Ogah, his opponent in the Decmeber 2014 gubernatorial election in state as the substantive governor of Abia state. 

Cross River State

Dangote building biggest refinery in the world, it will end fuel crises

The Dangote Group, which is currently building what it calls the world’s largest refinery, has given an assurance that when the plant comes on stream, it will put an end to the recurring fuel crises in the country.

Aliko Dangote

The executive director, stakeholder management and corporate communications, Dangote Group, Mr Mansur Ahmed, said by the time the refinery was ready, Nigeria would be transformed from a fuel importing country to an exporting one.

Breaking News: Explosion rocks CBN Calabar, many killed

CALABAR- EIGHTEEN people were on Friday morning roasted while others sustained third degree burns in an inferno at the Central Bank of Nigeria, CBN, following an explosion at the premises of the Bank located at Calabar Road by the Millennium Park . The explosion which took place at about 11.45 am set the main edifice of the bank on fire effectively trapping many staff and visitors which occasioned for the high casualty fire.

 

Scene from the CBN gas explosion in Calabar

Dangote plans to generate 12,000MW of electricity, sell forex to CBN

Africa’s richest man and President of Dangote Industries, Alhaji Aliko Dangote has revealed the intension of his company to generate about 12,000 megawatts of electricity for the country by 2018, adding that his business estate would start selling foreign exchange, forex, to the Central Bank of Nigeria, CBN by the year 2020.

Disclosing this yesterday at the Nigerian Economic Summit organised in Lagos by Economist Events, an arm of The Economist of London, Dangote said, “We are looking at a situation that by 2020, we will be the one selling FX to the CBN. Our projects are mainly import substitution. We are working to be self-sufficient to grow about a million tonnes of rice over the next five years.

Buhari restructures NNPC into seven ‘independent’ companies

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday announced that President Muhammadu Buhari has approved the restructuring of the Nigerian National Petroleum Corporation, NNPC, into seven new divisions that would be business-oriented unlike the administrative role the company played in the past.

Disclosing this at a press conference in Abuja, he explained that the state oil company will, under the new structure, have five core new divisions namely: Upstream, Downstream, Refining Group, Gas and Power, as well as the Ventures’ groups. He listed the other two to include: Finance and Services groups.