GTCO Plc Releases Q1 2022 Unaudited Results … Reports Profit Before Tax of ₦54.3billion
GTCO Plc Releases Q1 2022 Unaudited Results … Reports Profit Before Tax of ₦54.3billion Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the corresponding period March 2021.FX translation of the FCY loan book led to a drop in the G…
ICPC invites FMC Owo Medical Director over alleged misappropriation of COVID-19 Funds
ICPC invites FMC Owo Medical Director over alleged misappropriation of COVID-19 Funds The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited the Medical Director of the Federal Medical Centre, Owo, Ahmed Liasu, to appear before it on April 27 in Osogbo to answer questions relating to allegations of misappropriation of funds at the hospital. According to the letter of invitation by the ICPC, Mr Liasu is expected to report to the office of the agency with relevant documents to defend his actions and that of hi…
Alleged Pension Fraud: Judge’s absence stalls jailed Maina’s second trial
Alleged Pension Fraud: Judge’s absence stalls jailed Maina’s second trial While his eight-year jail term continues, Mr Maina faces a separate trial at the FCT High Court on charges of stealing N738million pension fund belonging to the federal government. The absence of the trial judge, Abubakar Kutigi stalled the pension fund fraud trial of the former chairman of the defunct Pension Reform Task Team (PRTT) Abdulrasheed Maina on Wednesday. The matter was billed to come up at the High Court of the Federal Capital Territory (FCT), in Jabi, Abuja,…
1.2m Persons, MSMEs Benefit From N75bn Survival Fund – Federal Govt
1.2m Persons, MSMEs Benefit From N75bn Survival Fund – Federal Govt The federal government has said that 1.2 million persons and businesses have benefited from the N75 billion Micro, Small and Medium Enterprise (MSMEs)’ survival fund since its launch. Mariam Katagum, Minister of State for Industry Trade and Investment disclosed this on Tuesday at the National Conference on non-oil export with theme “optimising Nigeria’s non-oil organised by the Nigeria Export Promotion Council in Abuja. The Fund which took effect in September 2020, was aimed a…
NDLEA Marks Abba Kyari’s Houses, Others In Maiduguri
NDLEA Marks Abba Kyari’s Houses, Others In Maiduguri *Proceeds of crimes must be seized by govt - Marwa The chairman of the National Drug Law Enforcement Agency, (NDLEA), Mohammed Buba Marwa, has confirmed the marking of properties belonging to the embattled suspended DCP Abba Kyari in Maiduguri, Borno State, saying that all proceeds of crimes must be retrieved and taken over by the government. Reacting to the report of the marking of six houses and a plaza belonging to Kyari, the NDLEA chairman said without making reference to any particular …
PDP Has Not Done Well In Oyo, Says Gbolarumi
PDP Has Not Done Well In Oyo, Says Gbolarumi Former Oyo State Deputy Governor, Barrister Hazeem Gbolarumi, on Tuesday declared that their political party, the Peoples Democratic Party (PDP) led by Governor Seyi Makinde has not done very well in the state, saying the party has failed grossly to deliver dividends of democracy in the state. Gbolarumi, who had picked up the gubernatorial form of the party with the intent to wrest the 2023 gubernatorial ticket of the party from Governor Makinde, while addressing newsmen in Ibadan on Tuesday, noted …
Pregnant Woman Abducted in Kaduna-bound Train Delivers in Captivity
Pregnant Woman Abducted in Kaduna-bound Train Delivers in Captivity One of the two pregnant women among the passengers kidnapped during last month’s attack on a Kaduna-bound train by terrorists has been delivered of a baby last night. Also, the terrorists who attacked and abducted the passengers have released four different pictures of their victims, numbering 62. The gunmen had on March 28 ambushed the train heading for Kaduna from the nation’s capital city after bombing its rail track. ARISE Television quoted that the gang are insisting tha…
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