Features

BAYELSA State governor Seriake Dickson has spent the last three weeks in the UK holding high-level talks with some of Britain’s most influential businessmen and investors to attract investment to his region.

INVESTIGATORS probing the financial activities of the Power Holding Company of Nigeria (PHCN) pension fund have discovered that £2.2m from the venture has been sitting in a UK Barclays Bank account for the last 21 years.

SCOTTISH oil firm Eland Oil and Gas has successfully raised N29.5bn (£118bn) to fund the purchase of a stake in Oil Mining Lease 40 in the Niger Delta.

JAMES Ibori’s confiscation hearing was postponed at Southwark Crown Court yesterday after the former Delta State governor filed a surprise appeal against his 13 year jail sentence.

SOUTHWARK Crown Court has begun confiscation proceedings on James Ibori’s £50m assets for which he was jailed for 13 years on April 17.

NIGERIA plans to build five international airports and six international perishable cargo terminals across five states as part of an ambitious programme to open the country up to more international commerce.

FINANCE minister Ngozi Okonjo-Iweala has denied reports that she is in the running to be the next head of the World Trade Organisation (WTO) when the current president Pascal Lamy stands down next year.

UK visa service company VFS Global has been summoned by foreign affairs minister Olugbenga Ashiru over the poor treatment its metes out to Nigerian applicants.

PRESIDENT Goodluck Jonathan has promised to listen to the opinions of Nigerian’s in diaspora and civil society groups as his governments seeks to shape its policies and programmes.

BRITISH energy company Eland Oil & Gas has joined the Alternative Investment Market (Aim) in a bid to raise £118m needed to purchase petroleum interests in Nigeria.