Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also follow us on Facebook http://www.facebook.com/economicconfidential. To read any of the stories below click on READ at the bottom of the summary or go to our homepage (www.economicconfidential.com)
Jimoh Ibrahim May Acquire London Hotel
After acquiring Virgin Nigeria Airways which he renamed Air Nigeria, the maverick young Nigerian billionaire Jimoh Ibrahim is the only African who has shown interest to acquire the Cumberland Hotel, five star hotel in the heart of London, the capital of Britain... READ
VP Sambo Tasks DMO on Projects
The Vice President, Arc. Mohammed Namadi Sambo, has urged the Debt Management Office (DMO) to raise funds for capital projects especially for power generation, transportation and road construction in order to facilitate speedy infrastructural development in the country... READ
Former Governor and Minister: Rev Nyame and Prof. Borishade Face Criminal offences
The Economic and Financial Crimes Commission, EFCC has filed a 71 page additional proofs of evidence against former governor of Taraba state, Rev. Jolly Nyame over his on-going trial in a case of N180 billion scam preferred against him just as more shocking revelations are coming out of the trial of the former Minister of aviation, Professor Babalola Borishade, and four others over alleged fraud of N5.6 billion for safe tower project... READ
FG Refunds LGCs Paris Club Windfall
The Finance Minister of State, Mr. Remi Babalola has disclosed that the Federal Government through the Federation Account Allocation Committee (FAAC) had settled the share of the Paris Club debt exit refund due to the 774 Local Government Councils. He however did not disclose if the refunds were made directly to the local government councils or through their states that control State Local Government Joint Accounts... READ
Niger Bridge to be completed in 3 years - Daggash
The Minister of Works, Senator Mohammed Sanusi Daggash has assured Nigerians that the government is committed to commence work on the 2nd Niger Bridge and would ensure its completion within 3 years... READ
FG to Compensate for Acquired Structures and Trees in Niger Delta
The Minister of State for Niger Delta affairs, Hon. Samuel Ode has said all the owners of the designated properties who had given approvals for the acquisition of their properties by the government would get compensations for physical structures and economic trees on the lands. He asked them to forward the account and other documentations of their clients to facilitate the payments; but he however, emphasized that the ministry will not pay for the lands themselves... READ
Nigeria: the need for credible polls in 2011
One of the big challenges confronting elections in Nigeria is the credibility question. Most of the country's election beginning from 1960s has been marred by electoral frauds. In 1979, during the second republic, there were lots of political upheavals occasioned by heavy rigging and manipulation of election results. Have you heard about the crisis between Omoboriowo and Ajasin that nearly wiped out the people of Ondo state? The phenomenon called electoral malpractices has been the major threat to the credibility of the country's general election... READ
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