The recession is receding, the Federal Government said yesterday. Proof: the about eight-fold over subscription of the government’s Eurobond (orders in excess of US$7.8 billion compared to a pre-issuance target of US$1bn). Besides, the oversubscription, the government believes, has confirmed the confidence level of the international investment

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A LIST of suspects who will face trial over the $151million and N8billion found in fictitious bank accounts is in the works, The Nation learnt yesterday. On the “long” list are bankers and civil servants, Attorney-General of the Federation Mr. Abubakar Malami (SAN) said. He declined to name the suspects but stressed that the government is interested

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THE Economic and Financial Crimes Commission (EFCC) yesterday said it did not starve a former Senior Special Assistant to ex-President Goodluck Jonathan on Domestic Affairs Dr. Waripamo-Owei Dudafa while in detention. Dudafa had claimed while testifying in a trial-within-trial that he was “tormented” by EFCC in a bid to get him to implicate the

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A Federal High Court in Abuja heard yesterday how a former Chief of Air Staff (COAS), Mohammed Dikko Umar, allegedly splashed N2.38 billion on five choice houses in Abuja, Kano and Kaduna. The court was also told that Umar, who was COAS between October 2010 and September 2012, directed the payment of N558.2million to himself

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Former Ekiti State Governor Segun Oni has signified his intent to contest the 2018 governorship election on the platform of the All Progressives Congress (APC). Oni, who is the APC Deputy National Chairman (South), said the party was heading into next year’s election as a united and indivisible body. He urged Nigerians to be patient with the APC-led

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Nigeria will soon have weapons from the United States to fight terrorism. President Donald Trump promised yesterday to “cut a new deal” to sell more weapons to Nigeria. He made the promise during a telephone conversation with President Muhammadu Buhari. It was the first official conversation between Trump and an African leader since he took

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Former Delta State Governor James Ibori has said he was wrongly accused and maligned by those who called him a thief. “I am not a thief; I cannot be a thief,” he said yesterday at his home town, Oghara, where his kinsmen held a thanksgiving service for him, following his release from a United Kingdom (UK) prison. Ibori said the biggest

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