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News Updates's Blog – June 2012 Archive (5)

The imperial designs of the West are truly on, thanks to Africa’s resources

By MUTUMA MATHIU mmathiu@ke.nationmedia.com  Posted Thursday, June 21 2012 at 20:10

East Africa is caught in a deadly resource paradox, the resolution of which will either result in great development or the reduction of our homeland into a wasteland of war, death and oil.

There was a lot of (unhealthy?) excitement recently in energy circles over gas finds in the general East African region, mainly in Mozambique and Tanzania.

AFP, the French wire service, claimed…

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Added by News Updates on June 22, 2012 at 5:39am — No Comments

Between the Taste and the Risk

Written by Endurance Akoro Wednesday, 20 June 2012

Those who patronise street food vendors say good things about the taste of what they eat but medical experts also insist that there is a lot of risk in eating in such places

Daniel Eneh, 26, and a staff of an insurance company is an early riser. He has to be at work early everyday and this means waking and leaving for work before dawn in order to beat the usual heavy traffic on the Third Mainland bridge.

Because of this,…

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Added by News Updates on June 22, 2012 at 5:28am — No Comments

On Her Way Out

Written by Dike Onwuamaeze Wednesday, 20 June 2012

Securities and Exchange Commission’s board sends Arunma Oteh, director-general, on compulsory leave to enable it investigate allegations on the management of funds meant for the celebration of 50 years, anniversary of capital market in Nigeria

Arunma Oteh is on a forced leave she is not likely to come back to resume her responsibilities as the director-general of the Securities and Exchange Commission, SEC. She was sent on…

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Added by News Updates on June 22, 2012 at 5:26am — No Comments

A Scandal Begets Another Scandal

Written by Tobs Agbaegbu

Wednesday, 20 June 2012

The probe into the oil subsidy scandal by the House of Representatives ad hoc committee gives birth to another scandal allegedly involving Farouk Lawan, its chairman

T he last may not have been heard about the raging $3 million bribery scandal allegedly involving Farouk Lawan, chairman of the House of Representatives ad hoc committee which probed the 2009-2010 fuel subsidy regime in Nigeria and Boniface Emenalo, secretary…

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Added by News Updates on June 22, 2012 at 5:24am — No Comments

How Honourable Is This Honourable?

Written by Anthony Akaeze Wednesday, 20 June 2012

The present bribe allegation against Farouk Lawan puts a question mark on his erstwhile ranking as a man of integrity

It is his fourth time in the House of Representatives. He first came in 1999 and since then had remained not just a regular face in the house but an influential member also. In fact, Farouk Lawan, the lawmaker representing Bagwai/Shanono Federal Constituency was, to many people, the symbol of the crusade for…

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Added by News Updates on June 22, 2012 at 5:22am — No Comments

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