Nigerian banks raised $3bn acquisition finance for power industry privatisation

  

The Managing Director of Stanbic IBTC, Mrs Sola David-Borha, on Tuesday said that some Nigerian banks had raised three billion dollars (N465 billion) as acquisition finance in the pre-privatisation of the power industry.

David-Borha disclosed this at the ongoing West African Power Industry Convention (WAPIC) in Lagos.

We must do everything’ to qualify – Keshi

Defending champions Nigeria will lead several top teams tomorrow including four-time winners Ghana and the Ivory Coast in a final bid to qualify for next year’s Africa Cup of Nations in Equatorial Guinea.
The Super Eagles got their tottering campaign back on track at the weekend in Pointe-Noire, beating hosts Republic of Congo to cancel out a 3-2 shock home loss in September.
Nigeria, second in Group A with seven points from five matches, will bid to beat group winners South Africa in the brand-new Akwa Ibom International Stadium in Uyo to book their place in next year’s continental showpiece.

Money laundering: Court acquits Fani-Kayode on 38 of 40 counts

A Federal High Court sitting in Lagos, yesterday, partly upheld a no-case submission by former Minister of Aviation, Femi Fani-Kayode, and acquitted him of 38 out of 40 counts of money laundering charges.
Fani-Kayode was charged on an amended 40 count-charge, bordering on the alleged offence by Economic and Financial Crimes Commission, EFCC.

I wore fake wedding ring for years to keep ladies off –Yomi Fash-Lanso

Yemi Fash-Lanso, a popular Nigerian actor in this interview with ‘Ashiwaju.org shares his experience in the movie world

You have stayed so long as an actor, how do you feel each time you see your face on TV?

It has been hard work all the way. I have been focused. It is just a product of hard work and really, I don’t have any regret at all. It has paid off. If at this stage I have my name everywhere and my name opens doors for me or precedes me, what more am I looking for? It is just for me to make sure I guard this name and preserve it so that it would be a platform for my children to ride on.

No big deal marrying my ex-wife’s niece –K1

Fuji artiste, King Wasiu Ayinde Marshal, popularly known as K1, tells ‘Nonye Ben-Nwankwo why he keeps wild animals and other sundry issues

At various times, you have been called KWAM 1, Marshal, K1 the Ultimate and so many other names. Why do you keep changing names?

‘I cannot count the stolen cars I’ve sold’

A suspected car snatcher, Alhaji Kabiru Akorede, who was arrested by the Lagos State Police Command, has said he can not count the number of stolen vehicles he sold to people.

PUNCH Metro learnt that 42-year-old Akorede, who hails from Ilorin, Kwara State, was nabbed by operatives of the special Anti-Robbery Squad in his residence at NEPA Quarters, Isashi, Lagos.

Wike denies dropping gov ambition

FORMER Minister of State for Education, Chief Nyesom Wike, has denied a media report (not The PUNCH) that he has backed out of the governorship race in Rivers State.

Wike, an aspirant on the platform of the Peoples Democratic Party, said on Monday that there was no truth in the report that he decided to drop his governorship ambition to run for the Senate.

Drama as seven Ekiti PDP lawmakers sit, ‘elect’ speaker

The political drama in Ekiti State continued on Monday with the Peoples Democratic Party members in the state House of Assembly appointing   Dele Olugbemi as Protem Speaker.

The PDP has seven lawmakers in the 26-member assembly but they were joined by three persons whose identities were as of 7pm on Monday a subject of controversy.

Fresh crisis hits PDP as govs move against Mu’azu

All is not well within the national leadership of the Peoples Democratic Party as some members of its National Working Committee are accusing one another of taking side with some influential members of the party in some states concerning the ward congresses which were held few days ago.

The fresh crisis, which was said to have been reported to President Goodluck Jonathan, according to investigation by our correspondent, was threatening the party’s chances of winning the forthcoming governorship elections in some states.

Obasanjo killed student unionism, says Bakare

The Convener of Save Nigeria Group and the General Overseer of Latter Rain Assembly, Pastor Tunde Bakare, has accused former President Olusegun Obasanjo of killing students’ unionism in the country when he was the military Head of State in 1978.

He made the allegation at the June 12 Cultural Centre, Kuto, Abeokuta, on Monday. The occasion was the 2014 anniversary of the International Day of Students.