Day: August 27, 2015

CBN Okays Bailout Plan For Distress States

The Central Bank of Nigeria, CBN, has approved the request by the Deposit Money Banks, DMBs, to give financial cushion to 27 state governments battling to meet their fiscal obligations, including payment of salaries of their workers. The National Executive Council, NEC, had met on Monday, June 29, 2015 and requested for a way out…

Fashola’s Bosom Friend, Tunji Olowolafe In Fraud Mess

A searchlight has been beamed on the close friend of former governor of Lagos State, Babatunde Fashola, Tunji Olowolafe, who was one of the major contractors in the administration of Fashola. Olowolafe’s company, Deux Project Limited, was said to have benefitted in the immediate past government of his bosom friend. Information concerning contracts awarded to…