Sentences with phrase «naira abacha»

To make matters worse, gadgets worth billions of naira were locked up in a store to rot away while agents were armed with a whistle and a baton to face miscreants on the street.

At the interbank market, the naira fell by 2.99 points to close at N313.07 from N310.

So far, it has been established that the products stolen amount to over Eleven Billion Naira (N11bn).

The Senator representing the Bayelsa East constituency in the Senate, Ben Murray - Bruce, has taken a swipe at President Muhammadu Buhari, saying the allegation that Buhari's lawyers gave Justice Adeniyi Ademola half a million naira gift has damaged Mr. President.

Are you into molding, Building, construction here is an opportunity individuals can now Order 3XCement (Grade 42.5 R) directly from the factory at a promo price of 1,400 Naira transportation is 300 Naira for per bag minimum for purchase is from 1OO bags and above buyers can also order a trailer load of 600 bags and 900 bags kindly contact sales manager Mr Ojekere on -LCB- 0706538 / 3208 -RCB- or assistant sales manager Mrs Mary on -LCB- 0813206 / 6216 -RCB- cost for Booking is made before delivery..

Justice Oyesfeso had on July 10 admitted Ramirez to $ 250,000 bail or its Naira equivalent with two sureties in like sum.

Three top management members of the Niger Delta Development Commission (NDDC) have been accused of involving in contract racketeering of N14 Billion naira projects.

«We sympathise with Nigerians who are seriously undergoing terrible hardship because of the now obvious inept leadership of APC despite the promise of one naira to a dollar,» it said in the statement.

It was learnt that the airline started paying the foreigners in naira, instead of dollars, to absolve it from the attendant excess cost on account of dollar fluctuations.

Properties worth millions of naira were destroyed before the Lagos State Emergency Management Agency, LASEMA, swung into action to curtail the fire from spreading to nearby buildings.

In «Nigerian Economy in 2016: Withdrawal Symptoms» (January 27, 2016), I compared Nigeria to an addict finding it difficult to wean itself of the drug of oil and warned that «in 2016 we will be forced to begin reconciling ourselves to the real exchange rate of the Naira» and «it is wise to formally and publicly end the subsidy regime and bring certainty and investments into the downstream petroleum sector.»

The crisis has been exacerbated by limits on what citizens can import as authorities try to stop the naira sliding.

President Muhammadu Buhari on Friday flayed the Structural Adjustment Programme, SAP, by a former military President, Ibrahim Badamosi Babagida, IBB, killed the naira.

«The APC is a party of integrity and had assured Nigerians during the campaign that it would pay 5,000 naira each month to 25 million most vulnerable citizens.

Stolen monies are being recovered in billions of naira and dollars, and being appropriated and spent on infrastructure.

However, according to documents, Olojeme and some directors in the company allegedly diverted billions of naira including funds meant for the payment of allowances of its staff as well as compensation to contributors.

The relative stability of the Naira against the Dollar had impacted positively on price stability of most goods in the market.

She explained that the registration would be done through a customized CD that would be made available to candidates by the State Examination Board after the payment of N10, 000 (Ten Thousand Naira) into any branch of Fidelity Bank, Skye Bank or FCMB.

IBB had in 1986 and 1988 initiated SAP which is said to have been responsible for the sliding drift of the naira.

However, Tboss who came third won all Friday night shows and was given a voucher of five hundred thousand Naira to shop on Payporte.

Viciously turning the social media into an anti-social tool appears a well - funded billion - naira business!

He needs about thirty thousand naira daily for dialysis and he is asking Nigerians to come to his aid both financially and spiritually.

It was reported around December, 2014, Dangote faced the same lose from his fortunes as nearly 10 % devaluation of the Naira.

She said she could not estimate the extent of the damage but she has lost thousands of Naira to the inferno.

The hitherto volatility in the prices of goods and services that greeted the fluctuation in the Naira rates before the intervention of the CBN in February had fast disappeared.

The owner of Dangote Cement fell to 71 place from his initial 46 position on the billionaire list as he lost $ 3.7 billion after Naira dipped again Monday

In the financial year ended December 31, 2015, Zenith Bank reported a profit after tax (PAT) of N105.66 billion — the highest in the Nigeria banking industry for the year — with total assets standing at over Four Trillion Naira.

He, however, granted the 2nd defendant bail in the sum of N100, 000.000, 00k (One Hundred Million Naira only) and two sureties in like sum.

He added that, «So far, the sum of three billion, two hundred and eighty four million, seven hundred and twenty nine thousand, two hundred and fifty three naira, thirty eight kobo (N3, 284,729,253.38) has been verified by the committee and the disbursement is on - going.

Trading at the investors» window saw the Naira closed at N360.37 to the dollar, while it closed at N305.80, N408.18 and N365.03 against the Dollar, Pound Sterling and the Euro at the CBN window.

Meanwhile, fire has gutted the popular Adekunle Sawmill in the Ebute Metta area of Lagos State, destroying Sawmill Goods worth millions of naira on Sunday.

The Police also offered to give anyone who provides information that would lead to the arrest of militant leader two million naira (N2m).

Cabinet meetings are now about how trillions of Naira are to be used to provide long delayed infrastructure such as roads, bridges, railway, power, drugs and equipment for hospitals.

«The SDP as well as many Nigerians were aware that the PDP had a fundraising event prior to the election where billions of naira was donated,» insisting that the PDP, which had ruled Nigeria for 16 years was capable of funding their part of the electoral alliance.

FHC / Abj / CR / 383/2015: Federal Republic of Nigeria v Nnamdi Kanu, Chidiebere Onwudiwe, Benjamin Madubugwu, David Nwawisi and refunding the sum of N100, 000, 000.00 (one hundred million naira only) or any other sum paid into this honourable court or undertaken to this honourable court sequel to the bail of the 2nd respondent».

The suspect was alleged to have confessed to collecting two million Naira, as well as one hundred and fifty thousand Naira from the Tulip school and Isheri secretary respectively as ransom.

Residents of in Itire, Ijesha area of Mushin Local government, Lagos, have taken over the streets in anger after hoodlums attacked the areas and damaged properties worth millions of Naira.

While there are claims in some quarters that the school and families of the victims parted with millions of naira as ransom, the police insisted that their freedom was due to pressure mounted on the kidnappers.

Also the organised labour in the state, has affirmed that they were involved in the management of the four billion, two hundred and seven million naira (N4, 207,007,000.00), being the actual bailout fund approved for the state.

The students and officials of the school were taken on January 14, with kidnappers demanding for a 1.2 billion Naira ransom for the victims to regain their freedom.

The National Emergency Management Agency has denied reports that it awarded a billion naira contract for landscape and carpark, describing the allegation as false and baseless that should not deserve any attention.

Imagine a single room where the average salary is far less than 18,000 Naira to be given a light bill of 32,000 in a month.

«Mrs Ada and her team said AEDC management has increased Dawaki monthly expected generation from 45 million Naira to 150 million Naira.

Former Nigerian oil minister, Diezani Alison - Madueke permanently forfeited $ 153.3 million, (about 34 billion Naira), to the Nigerian government today, in the judgment by of a Federal High court sitting in Lagos.

He commented on the huge debts running into billions of naira the state has been plunged into, which generated reactions from the incumbent Deputy Governor, Mrs Tomori.

The Nigerian central bank has occasionally taken steps to inject dollars into the market, squeezing the huge difference between black market and official prices, but has not allowed the naira to float.

AMCON had alleged that the assets were being seized after the company has failed to refund the sum of 11 billion Naira loan owed to Union Bank and acquired by the corporation.

«The circumstances have caused us billions of naira in losses and serious dislocations for our workers.

Ibrahim told the court that it was the PW - 1, Nneka Ararume, that sold the $ 1 million to him sometime in December 2014, and asked him to transfer the Naira equivalent which amounted to N183 million to the account of Destra Investment Limited.

Reports say Diezani summoned the bank chief to her Abuja home and told him to prepare to receive foreign currency running into billions of Naira from four companies and to convert it to Naira and pay to designated beneficiaries on her behalf.