Author: Chronicle Editor

In a bid to recover a debt of N1,472,621,811.25 Asset Management Corporation of Nigeria, AMCON, has dragged a petroleum company, Titanium Oil and Energy Limited, with its registered office address at Coscharis Plaza, 58A Adeola Odeku street Victoria Island, Lagos before a Federal high court sitting in Lagos South West Nigeria. Joined as co-defendants are three Directors of the company, namely, Patrick Acholonu, Chief Ralph Ekezie, Steve Chidi-Agbarakwe, and two other persons alleged to have benefited from the loan Ms Cyhthia Ukaoha and Ms Adannaya Patricia Acholonu. In a statement of claim filed before the court by a Lagos lawyer…

The Department of Petroleum Resources (DPR), Eket Field Office, Akwa Ibom, said on Sunday that it destroyed over 1,000 plastic containers used in selling adulterated kerosene in the state, The Guardian reports. DPR’s Controller of Operations in the state, Mr Tamunoiminabo Sunday, said in Eket that the containers were seized from the peddlers of the adulterated product. Sundaye said that the destruction of the items was in line with the department’s determination to eliminate or bring to the barest minimum, kerosene adulteration and the resultant explosions in Akwa Ibom. He lamented that many people in the state had been killed or injured…

The Federal Government on Sunday announced the appointment of Dr Abdul Zubair as acting Director-General, Securities and Exchange Commission (SEC). Mrs Efe Ebelo of the commission’s Corporate Communications Unit, said in a statement made available to the News Agency of Nigeria (NAN) in Lagos that the appointment was with immediate effect. Ebelo stated that the appointment followed the suspension of Mr Munir Gwarzo, the commission’s boss. She assured the investing public and stakeholders, both local and international, of the commission’s commitment to ensuring uninterrupted and orderly operation of the market and regulation. Until his appointment, Zubair was the Director in…

Contrary to the widespread view that Atiku Abubakar have indictments hanging over his head, a report has claimed that the former vice president of Nigeria has no such fear. Atiku who recently reopened the issue when he was interviewed by The Boss newspaper, published Saturday, dismissed about being barred from entering the United States and his being once denied a visa. He however complicated matters when he alleged that President Muhammadu Buhari was barred from the US for 15 years, until 2015, a claim that was promptly debunked by the President’s handlers as ‘fictive concoction’. At the moment, there is…

• Regulatory approval obtained from NCC • The initiative will provide fuller coverage to ntel’s subscribers • This will position ntel as a network offering 4G/LTE as well as 3G and 2G services ntel, Nigeria’s most advanced 4G/LTE broadband operator has announced a national roaming field trial with 9Mobile. The operators have received regulatory approval from the Nigerian Communications Commission (NCC) to commence a national roaming trial over a two-month period. According to ntel, the agreement will enable ntel’s customers to make calls on 9Mobile’s network using any 2G or 3G handset within the specified trial zone. READ: Buhari urges…

President Muhammadu Buhari has urged universities in the country to justify Federal Government’s investment in them by striving to raise standards. Buhari made the call on Saturday in Nsukka during the 47th Convocation of the University of Nigeria, for the conferment of postgraduate diplomas, higher degrees and award of honorary degrees to three distinguished Nigerians. He acknowledged that universities had the potential and responsibility of training the human capital to drive various government initiatives. “Indeed government is mindful of the social role of universities in the uplifting of the socio-economic life of our country. “Government will continue to give support…

An Egyptian lawyer has been sentenced to three years in prison for saying that women who wear ripped jeans should be raped in punishment. Nabih al-Wahsh, a prominent conservative, was also fined 20,000 Egyptian pounds (£839; $1,130). The lawyer made the remarks on a TV panel show in October, during a debate on a draft law on prostitution. “Are you happy when you see a girl walking down the street with half of her behind showing?” he said. He added: “I say that when a girl walks about like that, it is a patriotic duty to sexually harass her and…

c Jose Mourinho’s side were reduced to 10-men late on when Paul Pogba was sent off for a dangerous tackle and they were aided by a stunning goalkeeping display by David De Gea throughout. But they did telling damage early on when Antonio Valencia pounced on a loose Laurent Koscielny pass to drill the opener, before Jesse Lingard side-footed a second after robbing Shokdran Mustafi to link smartly with Romelu Lukaku and Anthony Martial. The strikes meant United had scored as many goals in 11 minutes as they had in eight away fixtures against the Premier League’s so-called ‘big six’…

President Muhammadu Buhari’s spokesman has described as ‘fictive concoction’, former Vice President, Atiku Abubakar’s claim that Buhari was banned from entering the United States for 15 years, before he became president. Atiku was said to have made the allegation in an interview published Saturday. He was quoted to have said the Nigerian leader could not enter the US “on account of religious considerations.” Mr. Femi Adesina, President Buhari’s media adviser debunked the allegation as mere fiction. “This fictive concoction being passed off as truth is mind boggling, coming from a former number two man of Nigeria, who should know the…

Members of the executive committee of Ikoyi Club 1938 kicked off the Christmas season and festivities with the switching on of the Christmas lights on Friday December 1, 2017. The ceremony was officiated by the chairman of the club, Babatunde Akinleye who was supported by captains of various sections as well as members of sub-committees. Speaking during the ceremony Mr. Akinleye said the switching on ceremony “signals the official start of the Christmas season and signifies the spirit of joy that is at the heart of Ikoyi Club 1938.” READ: Nigeria: 16,000 die of HIV in Borno State] The entertainment…