High Street

Heritage Bank led by Ifie Sekibo is in fresh trouble as Mr Okoi Obono-Obla, Chairman, Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) has told President Muhammadu Buhari that the panel has recovered seven million dollars (N2.1 billion at official rate) illegally kept in Heritage Bank. “The panel had also recovered N533 million and land worth N1.5 billion, all from the “previous management” of NEXIM Bank. The recovered funds and property had since been returned to the bank. The panel had also recovered and returned to the National Theatre, the sum of N24million which was allegedly diverted by some directors of the agency.” “Also recovered were two hectares of land in Abuja valued at over N2 billion, belonging to the National Council of Arts and Culture. The panel also recovered and returned a part of Agura Hotel belonging to the Nigerian Ports Authority (NPA). The recovered part of the hotel had been illegally “annexed by some so-called powerf...

President Muhammadu Buhari did not attend Juma’at prayer at Aso Rock mosque on Friday. This is the first time that the president will be absent at the mosque since he returned to the country after a 49-day medical vacation in the UK. However,