Author: Chronicle Editor

In a bid to recover NN251,168,302.77 debt Asset Management Corporation of Nigeria, AMCON, has dragged the former president of Institute of Chartered Accountant of Nigeria, ICAN, Dr Catherine Okpareke before a Federal high court in Lagos. Joined as co-defendants are Lagos lawyer Isaac Anumudu and two limited liability companies Geez Management Services Limited and Rohi Properties Limited. In a statement of claim accompanied by sworn affidavit by Credit Analyst of AMCON Wilfred Monn filed before the court by the law firm of Akanbi and Wigwe, It was alleged that, Geez Management Services Limited a customer of Access Bank operating two…

West Ham’s new signing Andriy Yarmolenko says he has joined an “interesting project” after moving from Borussia Dortmund on a four-year deal. The 28-year-old scored three goals in 18 appearances for the Bundesliga side after joining in August 2017. He had previously spent 11 seasons with Dynamo Kiev and joins the Hammers for an undisclosed fee. “The team wants to achieve high things and I am excited for this challenge,” said the Ukraine winger. READ: #FRABEL: France beat Belgium to reach #WorldCup final “The Premier League is the best in the world and I know an interesting project is being…

The constituency office of Nigeria’s Senate President Bukola Saraki has refused to respond to questions from transparency platform, Tracka. Saraki appears to have failed to lead by example given that some lawmakers have provided similar information to the transparency platform. Reacting to the Senate President’s silence, Tracka tweeted, “Dear Sen @bukolasaraki it’s 13 days already, you’re yet to respond to our request. “We are requesting for the implementation status of the projects you nominated in 2017 budget. We will appreciate your urgent response to this request. FG has released 70% funds. #AskQuestions.” Dear Sen @bukolasaraki it's 13days already, you're yet…

Nigerian lawmakers voted on Tuesday to investigate the state oil firm over a shortfall in revenue remittances to government coffers, in a motion passed by the lower house of parliament. Last month, Nigeria’s finance minister called the Nigerian National Petroleum Corporation’s (NNPC’s) payments to the government account “unacceptable”, as they were less than expected in light of higher crude oil prices. Those publicly-raised concerns triggered Tuesday’s vote by the House of Representatives to probe NNPC, which noted an “under remittance of about 100 billion naira ($327.65 million).” The house resolved to establish an ad-hoc committee to investigate crude oil sales…

Despite the innovations and technology drive in the last few years Nigeria has failed to improve upon its ranking in the Global Innovation Index in 2018. Nigeria is pretty much rock bottom on the index following the state of the economy, the low investments in research and the snail-speed of technology. Like Nigeria, the United States have also suffered a dent but China is on the rise globally and so is South Africa and Kenya. China joined the world’s top 20 most innovative economies for the first time while the United States fell out of the five top-ranked countries, according…

A little known sexually transmitted infection could become the next superbug unless people become more vigilant, experts warn. Mycoplasma genitalium (MG) often has no symptoms but can cause pelvic inflammatory disease, which can leave some women infertile. MG can be missed – and if it is not treated correctly, it can develop resistance to antibiotics. The British Association of Sexual Health and HIV is launching new advice. Its draft guidelines detail how best to spot and treat MG. What is MG? Mycoplasma genitalium is a bacterium that can cause inflammation of the urethra in men, causing discharge from the penis…

The UK’s data protection watchdog intends to fine Facebook £500,000 for data breaches – the maximum allowed. The Information Commissioner’s Office said Facebook had failed to ensure another company – Cambridge Analytica – had deleted users’ data. The ICO will also bring a criminal action against Cambridge Analytica’s defunct parent company SCL Elections. And it has raised concerns about political parties buying personal information from “data brokers”. Specifically it named one company, used by the Labour Party, called Emma’s Diary, a company that gives medical advice and free baby-themed goods to parents. Facebook said it would respond to the report…

…As Ambode Okays Palliative Work On Okokomaiko To Badagry, Ajah-Badore Corridors Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday directed that the completed portions of the Lagos-Badagry Expressway from Eric Moore to Okokomaiko be opened up to traffic as soon as possible following the completion of works by the contractor. The Governor also directed the Public Works Corporation to intensify palliative works on the road from Okokomaiko to Badagry. The State’s Commissioner for Works and Infrastructure, Engr. Ade Akinsanya, in a statement, said the Governor was touched by the discomfort being experienced by the motoring public plying that axis and…

France will face England or Croatia in the World Cup final after edging past European neighbours Belgium in the semi-final in St Petersburg. Defender Samuel Umtiti scored the winning goal for the 1998 champions in the second half with a towering header from Antoine Griezmann’s corner. Giroud should be taken off for messing this up pic.twitter.com/0gsj0IigmT— Complex Sports (@ComplexSports) July 10, 2018 Didier Deschamps’ side were on the back foot for large periods of the game, but emerged victorious to reach their third final, having been beaten by Italy on penalties in 2006. Belgium came through the quarter-finals by impressively…

Leicester City forward Riyad Mahrez has joined Premier League champions Manchester City for a club record fee of £60m. The 27-year-old has signed a five-year deal to become the Blues’ first recruit since they won the Premier League. The best things come to those who wait… ????#welcomeriyad to Manchester City! ???? #mancity pic.twitter.com/lLjJZrz4J0— Manchester City (@ManCity) July 10, 2018 They walked away from a potential deal for the Algerian in January after being put off by Leicester’s valuation. Mahrez said the club’s style of play is “perfect” for him and he wanted to be part of a club which is…