Author: Chronicle Editor

Nigeria’s Oando Plc held its annual shareholder meeting on Monday after regulators gave it the green light despite an ongoing dispute over its ownership structure, sending shares in the energy company higher. The Securities and Exchange Commission (SEC) said in July it was investigating Oando’s shareholding structure following its $1.65 billion acquisition of ConocoPhillips’s Nigerian business in 2014. A company source said the dispute centred on the ownership of some Oando shares bought through an investment vehicle at the time of the ConocoPhillips deal. Oando Chief Executive Adewale Tinubu told shareholders the SEC had allowed the meeting to proceed as…

bannon Ex-White House chief strategist Steve Bannon says President Trump’s firing of the FBI’s director was the biggest mistake in “modern political history”. Mr Bannon told CBS News if James Comey had not been sacked, a special counsel would not have been appointed to probe alleged Russian election meddling. The former presidential adviser called the special counsel inquiry a “waste of time” and “a total and complete farce”. Mr Bannon was himself dismissed from his White House job last month. The fall of Washington’s second most powerful man. READ: Toni Kan reads from The Carnivorous City But he vowed in…

Frank de Boer has been sacked as Crystal Palace manager after five games and 77 days in charge. Former England boss Roy Hodgson will replace him, BBC Sport understands. The Eagles are 19th in the Premier League after losing 1-0 at Burnley on Sunday – and failed to score in their four league matches under De Boer. Announcing the 47-year-old Dutchman’s departure on the club website, Palace said: “We would like to thank Frank for his dedication and hard work.” READ: #Afrobasket2017: D’Tigers lose to Congo, reach quarter-finals Former Ajax boss De Boer only took over this summer, succeeding Sam…

Wife of Gilbert Nnaji, the senator representing Enugu East Senatorial District and the Chairman, Senate Committee on Communications, Mrs. Ann Nnaji. According to a statement by Egbon Mon-Charles, the Senator’s Media Adviser, Mrs. Nnaji died in a foreign hospital after a long battle with an undisclosed ailment. “It is with heavy heart that I announce the unfortunate passing away of Lady Ann Nnaji, wife of Senator Gilbert Nnaji, Chairman, Senate Committee on Communications. READ: Buhari travels to US next week – Presidency “According to her husband, she was a virtuous woman, praying wife, pillar of support, dedicated mother and a…

The book is The Carnivorous City, the venue is Quintessence at Ikoyi, Lagos and and the author is Toni Kan. At a well-attended booking reading on 9 September Toni Kan’s storytelling prowess went from writing to reading. As he held his audience spell bound, he made them yearn for more from his latest published book, The Carnivorous City. The crime thriller is set in Lagos and it tells the story of Sabato- a Lagos Big Boy who goes missing without a trace. READ: MURIC tells Senate to leave Prof Sagay alone Bewildered by his disappearance his brother Abel, who lives…

The Muslim Rights Concern (MURIC) has told the Nigeria Senate to leave Professor Itsay Sagay, chairman of the Presidential Action Committee on Anti-Corruption (PACAC), alone. The senate claimed that PACAC was spreading falsehood and hate speech against it. The Red Chamber therefore called on President Muhammadu Buhari to rein in the PACAC Chairman. In a statement issued by Prof Ishaq Akintola, MURIC president, the group said it believes that Senate is beating about the bush. “It should face the business of legislation, stop all distractions and digressions and leave Professor Itsay Sagay alone,” MURIC said. “Nigerians have noticed Senate’s unwillingness…

Nigerian Army has denied the trending report that it invaded the home of Mr. Nnamdi Kanu, leader of Indigenous People of Biafra (IPOB), killing three people. A statement denying the story was issued on Sunday by Major Oyegoke Gbadamosi, Assistant Director Army Public Relations, 14 Brigade Nigerian Army. The Army said its attention has been drawn to “fictitious news” going round especially on the social media that troops have invaded the home of IPOB leader, Kanu and also killed three persons. “This is far from the truth. READ: N145m salary scam uncovered at Kogi State Polytechnic “Rather, it was a…

Nigeria’s Senior men Basketball team, D’Tigers, recorded their first loss in 2017 FIBA Afrobasket Championship, going down 77-83 to to DR Congo. It was their last Group A Match, but they are through to the quarter-final. According to the Nigeria Basketball Federation (NBBF) social media site, D’Tigers experienced the defeat on Sunday in Tunisia in their last Group A match. DR Congo earlier lost 82-87 points to Mali in Day one Group A match while they defeated Mali 90-67 on Day two. During the match, US based player, Bryant Mbamalu emerged top performer for D’Tigers having scored 16 points, five…

President Muhammadu Buhari has been scheduled to address the 72nd session of the United Nations General Assembly in the United States on Tuesday, September 19, 2017. The President of Nigeria is listed as number seven on the provincial list of speakers. Buhari is expected to speak after the leaders of Brazil, the United States, Guinea, Switzerland, Jordan and Slovakia. Since his return to Nigeria on August 20, 2017, after 103 days of medical leave in London, Buhari has not attended any public event outside of Aso Villa and his country home in Daura, Katsina State. Also, he has attended only…

Kogi state government has blamed the discovery of N145 million fraud in the salary voucher of the Kogi State Polytechnic, Lokoja for the delay in the payment of July salary of its workers. The Director -General, Kogi State Bureau of Information and Grassroots Mobilisation, Alhaji Abdulmalik Abdulkareem, said this in a statement made available to newsmen in Lokoja on Sunday. The government’s statement was in response to the threat by the institution’s Academic staff Union of Polytechnics (ASUP) to embark on an indefinite strike over non-payment of July salary of its members. “Kogi State Government affirmed that the discovery of…