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| Lamido Sanusi |
Central Bank may sack staff
Lamido Sanusi, the CBN Governor has stated that some officials whose responsibility it was to raise the flag when things were going wrong in the banks cannot be absolved from blame for the crisis that eventually overwhelmed some banks.
Speaking at a workshop in Benin City, the Edo State capital, with the theme, ‘The Blueprint for banking reforms in Nigeria: Issues, Challenges and Prospects,' Mr Sanusi said the CBN would not shield any officer that is found culpable. "If for instance, I have documentary evidence that junior officers had escalated warning signals across board and nothing was done, why should I sack the junior officer and if those who were supposed to have acted had already left the Central Bank, what do I do?" …read more
'N’Assembly to spend N10m on cleaning services monthly'
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| Nigeria's National Assembly, Abuja |
The fuel cost will also cover generators in the Phase 11 of the same building and its Annex I & II complex.
The sums are contained in the details of the 2011 national budget, which is awaiting the approval of the 469-member National Assembly.
The new Phase 111 building and its extension serve as office accommodation for the federal lawmakers whose, “jumbo salaries” have elicited public outcry.
If the N240.3m to be spent on ‘cleaning services’ is spread over the 12 calendar months in this year, keeping the building neat will cost tax payers N10.25m monthly…read more
Nigeria launches roadshows for power privatisation
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| Bolanle Onagoruwa, DG BPE |
Nigeria began a series of investor roadshows for the planned multi-billion dollar privatisation of its power sector on Tuesday, soliciting interest in electricity distribution companies and power stations.
The Bureau of Public Enterprises (BPE), the country’s privatisation agency, met with investors in the commercial hub Lagos and will hold similar events in Dubai, London, New York and Johannesburg over the next three weeks…read more
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