Category: Business & Finance

Host Community Tackles DSC Mgt., FG Over Land Threat

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By Sunday Apah   The President General of Ovwian community, Olorogun Frank Muwhen (aka Magamu), has told the management of Premium Steel and Mines Limited not to extend its alleged sales of land and equipment of the plant to his community farmlands that were not acquired by the defunct Delta Steel Company. Magamu, who made this known in a press release in reaction to a publication credited to the Director of Legal Affairs, Premium Steel and Mines Limited, Emmanuel Agbaje Esq, claiming that President Bola Ahmed Tinubu had directed for…

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Dunamis Pastor, Dr. Enenche Storms Delta To Inaugurate Financial Institution Sept 23

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  The founder of Dunamis International Gospel Center and  Televangelist, Dr. Paul Enenche, will on September 23, inaugurate and presides over the grand opening of Revelation MicroFinance Bank Ughelli, in Ughelli North Local Government Area, Delta State.   The inauguration and official opening of the financial institution is set to take place at the bank premises on Saturday at 10:00am along Post office road, opposite Unity Bank. Revelation microfinance bank is among the newly approved microfinance bank by the Central Bank of Nigeria CBN with its first branch sited in…

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Fight Against Oil Theft: Why Tinubu Should Act Now!

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By Comrade Ovasa Ogaga   The fact that Nigeria is the 7th largest crude oil producing Nation is not news, but what is news is that this high value of crude oil production has not translated to huge wealth for the Nation, no thanks to organized syndicates of local and international oil thieves, who for many years have swarmed the “swamp filled with Dollars” to make themselves rich with our collective national patrimony. Recall that between 2005-2009 the Niger Delta Region was reduced into a theatre of the absurd, owing…

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N2.9 Billion: EFCC Jails Orubebe, George Turnah, Others, For Six Years

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Justice A. T. Mohammed of the Federal High Court sitting in Port Harcourt, Rivers State, has convicted and sentenced a former Special Adviser to Dan Abia, erstwhile managing director of Niger Delta Development Commission, George Turnah, and two others: Ebis Orubebe and Uzorgor Silas Chidebere, to six years imprisonment for obtaining money under false pretence, money laundering, conversion of funds and forgery contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act. They…

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CBN Policy: Nigeria Banks Set To Begin Closure Of Accounts Of Unregistered Associations And Societies

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Most of Nigeria’s banking service providers have recently commenced the process of closing down the bank accounts of unregistered associations and societies domiciled in their respective banks pursuant to a directive of the Central Bank of Nigeria to that effect. The Central Bank of Nigeria (CBN) had recently directed that all Community Based Association bank accounts opened without CAC Certificate be closed on or before July 12, 2022. It further directed any Association, Club, Town Union, Age Grade, Foundation, or Church account affected to register with Corporate Affairs Commissions and…

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Gov Okowa Lauds DESOPADEC As 168 Trainees Graduate From Skills Academy

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By Joe Favour /Effurun   DELTA state governor, Senator Ifeanyi Okowa has expressed satisfaction over the wealth creation embarked upon by Delta State Oil Producing Development Areas Commission, DESOPADEC as168 trainees graduated from the commission skill academy. The graduates were trained on different fields of specialisation which includes, Hair Dressing, Makeover and Organic Skin Care Production, Fashion Design and Tailoring, Electrical Repairs, Installation and Solar Works, Catering and Confectioneries, POP, Tiling and Interlocking, Welding and Fabrications, Shoe and Bag Making, Information and Communication Technology, Health, Safety and Environment. Speaking at the…

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2023: Oguma, Messiah Of Ughelli South- Group

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  …accuses Ovis Uto of being problem of Ewu bloc   AS the agitation for which zone should produce the next House of Assembly member in 2023 ranges on, Concerned Ughelli South Youths For Equity and Justice, has said Olorogun John Oguma was not the problem but messiah of the people of the area.   The group in a statement by its Chairman, Mr John Diakparomre and Secretary, Mr Emma Ejovwokiniovo, insisted that Chief Ovis Uto is the problem of Ewu bloc in the local government area.   While frowning…

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Nigeria Students Set To Seal DSTV, Gotv Office Over Price Hike, Issue Ultimatum

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  Nigerian students under the umbrella of National Association of Nigerian Students (NANS) Zone D, South West, has given pay TV giant, MultiChoice Nigeria, a 7-day ultimatum to reverse recent increases on its DStv and GOtv packages. The students who issued the warning in statement by John Alao, NANS South-West Deputy Co-ordinator and Opeoluwa Awoyinfa, its Public Relations Officer (PRO), urged President Muhammadu Buhari to compel the company to adopt the pay-as-you-view billing system. The students also threatened to seal the offices of the company if the price adjustments were…

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Billing: Angry Youths Unleashed Mayhem On  BEDC Officials, Destroy Equipment In Ughelli

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By Michael Veloh Angry youths from neighboring communities in Ughelli, stormed the Ughelli office of the Benin Electricity Company, BDEC, unleashing hostility on some of the company’s staff over prolonged power outage in Ughelli North local government area of Delta State. The youths who were said to have come from some neighbouring communities, it was gathered, injured the Ughelli Business Manager, Mr. Bethel Ebiuwhe and four other staff of the company. It was learned that the youths arrived the office armed with sticks and broken bottles, destroying windows of the…

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