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The Economic and Financial Crimes Commission (EFCC) has arrested former Chairman of the Board of defunct Skye Bank Plc Plc, Tunde Ayeni, on charges of money laundering, misappropriation and diversion of funds. A source close to the commission told journalists on Friday that Ayeni, a businessman, was elected on Thursday in Abuja. The former chairman, the source said, is under …

Attempts to resolve the energy sector’s persistent crisis in the past have failed to revive the sector. The recent presidential intervention is a further step towards solving the problem; however, it is unclear how far intervention will go, judging by the rot in the sector; SUNNY IDACHABA writes. From name change to privatization If there is one sector in Nigeria …

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Good Governance Advocates have raised fresh concerns over the early retirement directive recently issued by the Nigerian Customs Service. The group urged the Customs authorities to ensure fairness and institutional balance in the implementation of the directive. In a statement issued on Friday by its convener, Ajibade Ojomo, the group criticized the decision to require officers approaching retirement to vacate …