The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the Solid Minerals sector requires a robust fiscal regime built on comprehensive reform to expand the revenue generation base for the nation. The Acting Executive Secretary, NEITI, Orji Ogbonnaya Orji, who stated this during a courtesy visit to Minister of Solid Minerals Development, Kayode Fayemi, called on the ministry to commence a comprehensive programme for the mining industry in the phase of the collapse of oil prices. Orji explained that from the scoping study conducted and series of independent oil reports by NEITI, the solid minerals sector had contributed poorly to national purse in recent years and therefore requires extensive reforms to bolster activities in the industry. According to him, the NEITI reports indicated that, “the sector reforms should include periodic review of royalty rates to conform with market prices encouraging companies to declare accurately what they ear...
Godwin Emefiele President Goodluck Jonathan has nominated Godwin Emefiele, who is the Managing Director of Zenith Bank, as the new governor of Central Bank. Mr. Jonathan submitted Mr. Emefiele’s name to the Senate for confirmation on Thursday, a few hours after he suspended Sanusi Lamido as the CBN governor and announced t he CBN’s Deputy Governor, Dr. Sarah Alade as acting governor of the bank. Until his appointment, Mr. Godwin I. Emefiele serves as Chief Executive officer and Group Managing Director of Zenith Bank Plc. He served as Deputy Managing Director of Zenith Bank Plc. since 2001 and has also served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc. He had been in Management team since inception. Mr. Emefiele has over eighteen years of banking experience. Mr. Emefiele serves as Director at Zenith Bank If confirmed by the senate, Mr. Emefiele will take over fully as...
One of the dismantled graves where a corpse was exhumed at Ijoko Many graves have been reportedly dismantled and their corpses exhumed in Ijoko, Ifo Local Government, Ogun State, in the ongoing demolition exercise of the state government. Residents said that the number was expected to rise as the state continued to take down houses in its road expansion project. It was reported on Tuesday, reported the demolition of several buildings and structures along the Yakoyo/Alagbole road and the Ijoko/Sango areas by the Ogun State Government. The demolition was said to be have been carried out in preparation for the expansion of the said roads. Our correspondent gathered that while some of the corpses had been interred for as long as 30 years, a few were said to have been in the graves for about eight years or less. The families of the deceased were said to have taken the exhumed corpses to unknown destinations. A commercial motorcyclist, who identifie...
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