AMCON seal, takes over Odengene Air-Shuttle Services

The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services (OAS) Helicopters in Lagos following a court order. AMCON, on Tuesday, sealed the company at Maryland in Lagos, indicating that a takeover of the company. The order on the company’s office reads: “POSSESSION TAKEN TODAY 14/2/17 BY AMCON COURT ORDER ON SUIT… Read More AMCON seal, takes over Odengene Air-Shuttle Services

South Korea prosecution office files for new arrest warrant of Samsung Group chief

South Korea’s special prosecutor’s office said on Tuesday it would again seek a warrant to arrest Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye. Lee, the third-generation leader of the country’s top conglomerate, was questioned for more than 15 hours by the special prosecutor’s office… Read More South Korea prosecution office files for new arrest warrant of Samsung Group chief

Sale of assets to generate $16.4billion for budget augmentation

The Federal Government plans to generate up to $16.4 billion through asset sales in the next four years to reduce the burden on the nation’s budget. A document obtained by Bloomberg from the Ministry of National Planning, which outlines the country’s plans for economic recovery from 2017 to 2020, revealed that the sales was to… Read More Sale of assets to generate $16.4billion for budget augmentation

Federal government disburses over N844million for school feeding programme

The Federal Government has released N844, 360, 550 to seven states for the provision of at least one meal per day to students. Also, a total number of 11,775 cooks have been employed to prepare the meals in those states, while local farmers in the states are also the ones producing the food prepared and… Read More Federal government disburses over N844million for school feeding programme