Defamation suit: I won’t apologise or pay fine to Tony Okoroji, says Onyeka Onwenu

Popular singer and immediate past Director General of the National Center for Women Development, Ms. Onyeka Onwenu, has reacted to the judgment delivered against her by a judge of the Ikeja High Court, Justice I. O. Akinkugbe, in a suit instituted against her by Chief Tony Okoroji for defamation of character.
Justice Akinkugbe ordered Onyeka to pay Okoroji the sum of N5m and tender a public apology.
But in an exclusive chat with Sunday Scoop, the Elegant Stallion, as Onyeka is called, said the judgment was not fair and that she would appeal.

Finally, Kate Henshaw forgives Akpororo

Last week, Kate Henshaw, a popular Nollywood actress called out comedian Akpororo for using her name and image to promote his forthcoming show, Akpororo vs Akpororo, without seeking her approval.

To express disgust at his action, Kate went on social  media and put up a post where she  issued the comedian 48 hours ultimatum  to apologise and withdraw her name and image from all his  publicity materials.

Senate President Saraki & others’ trial in order, court tells AGF, IGP

A Federal High Court in Abuja has rejected an ex-parte motion for injunction restraining the Inspector General of Police and the Attorney General of the Federation from going ahead with the prosecution of the Senate President, Bukola Saraki and three others on charges of forgery of the Senate Standing Orders 2011.

The applicant for the injunction, who is a serving senator, Gilbert Nnaji, had urged the court to stop the defendants from acting on the police report issued with respect to the case.

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Banks recorded N18bn fraud cases in 2015 —NDIC

The banking sector recorded 12,279 fraud cases involving the sum of N18.02bn in the 2015 financial period, the Nigeria Deposit Insurance Corporation disclosed on Tuesday.

The corporation, in its 2015 annual report and statement of account for the banking sector, stated that the 12,279 reported cases for 2015 represented an increase of 15.71 per cent over the 10,612 recorded in 2014.
However, the report explained that while the sector recorded a 15.71 per cent increase in the incidence of fraud for 2015, the amount involved decreased by N7.59bn or 29.63 per cent from N25.6bn in 2014 to N18.02bn.

Brexit threatens remittances to Nigeria from UK —LCCI

The Lagos Chamber of Commerce and Industry on Tuesday said the exit of Britain from the European Union might take a toll on remittances to Nigeria from her citizens leaving in the United Kingdom.

Nigerians in the Diaspora sent back home $21bn in 2015, making the country the sixth largest receiver of remittances in the world, according to a report by the Global Knowledge Partnership on Migration and Development with support from the World Bank.
Brexit, according to the LCCI in an emailed comment, has a number of immediate and remote implications for the Nigerian economy.

FG orders reopening of NERFUND

The Federal Government on Tuesday gave an order for the immediate reopening of the National Economic Reconstruction Fund almost one week after it was shut.

The Minister of Finance, Mrs. Kemi Adeosun, gave the directive in a statement issued by the Director of Information in the ministry, Mr. Salisu Dambata.
The minister directed all members of staff of the agency to return to their duty posts immediately as the crisis within the organisation had been resolved.

We’ll ensure diligent privatisation process, says Osinbajo

The Presidency on Tuesday said it would ensure that the process of privatisation of public enterprises was undertaken diligently.

Vice President Yemi Osinbajo said this while granting audience to members of the House of Representatives’ Committee on Privatisation and Commercialisation led by Mr. Ahmed Yerima at the Presidential Villa, Abuja.

Graduate entrepreneurs to secure loans with certificates

In the bid to encourage the entrepreneurial tendencies of graduates, the National Collateral Registry has concluded plans to allow them to secure loans from financial institutions using their certificates.

The Head of Research and Development, NCR, Dr. Musa Olasupo, disclosed this at an interactive forum in Lagos.
According to him, since most young business owners don’t possess fixed assets to secure start-up funds from banks, their certificates can serve as moveable assets to be registered by their credit institutions with the NCR as collateral.

Civil servants kick against tenure suspension

The Association of Senior Civil Servants of Nigeria has condemned the suspension of the tenure policy in the federal civil service by the Federal Government, saying it is a policy somersault that must be stopped.
The workers stated that instead of suspending the policy, the government should convene a stakeholders’ meeting to discuss the issue.
According to the association, the policy summersault has been generating intense restiveness among public servants, adding that the situation should not be allowed to deteriorate further.