MTN HIRES EX US ATTORNEY GENERAL ERIC HODER

MTN Group has hired a former United States Attorney –General, Eric
Holder, to help challenge a $3.9 billion fine imposed by Nigerian
Communications Commission (NCC) for failing to disconnect
unregistered users.
Citing people familiar with the situation, the Financial Times reported
on Wednesday that Holder pleaded with Nigerian officials last month
on behalf of MTN.
Africa’s largest mobile phone company was handed a $5.2 billion
penalty in October, prompting weeks of lobbying that led to a 25
percent reduction to $3.9 billion, Reuters reported.
MTN, however, was still not prepared to pay the fine and launched a
court challenge in December, saying the NCC had no legal grounds to
order the penalty.
A judge in Lagos had last month gave MTN until March 18 to reach a
settlement on the fine, which equates to more than twice MTN’s
annual average capital spending over the past five year

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OTUN EKITI

Otun Ekiti is the Headquarter of Moba Local Government Area in Ekiti State. It is located to the North of Ekiti State. It is a nodal town which shares boundary with Kwara State to the North and Osun State to the West. History Of Otun Ekiti Tradition has it that the Oore emerged from the Okun Moba (Moba Sea) in the present coastal area of Lagos with a Calabash containing water in his hand, beads around his neck and a beaded crown on his head. It is also a fact of history that the people of Otun under the leadership of Oore have settled in different places at different times, including Moba near Mushin in Lagos and passing through Ile-Ife before they finally settled at their present location. Some of the places they passed through after Ile-Ife included Akure, Oke Olodun, and Ipole before moving to the present site over 400 years ago. The movement from Ipole (about six kilometers away) to settle at the present site was due to scarcity of water. Water supply was so problematic at Ipole...

list of countries with the largest economy

1. 1. China: US$19.510 trillion (up 7.9% from 2014) 2. United States: $17.968 trillion (up 3.6%) 3. India: $8.027 trillion (up 8.3%) 4. Japan: $4.842 trillion (up 1.6%) 5. Germany: $3.842 trillion (up 2.5%) 6. Russia: $3.474 trillion (down -2.9%) 7. Brazil: $3.208 trillion (down -2.1%) 8. Indonesia: $2.839 trillion (up 5.7%) 9. United Kingdom: $2.660 trillion (up 3.5%) 10. France: $2.647 trillion (up 2.2%) 11. Mexico: $2.220 trillion (up 3.3%) 12. Italy: $2.174 trillion (up 1.8%) 13. South Korea: $1.849 trillion (up 3.7%) 14. Saudi Arabia: $1.681 trillion (up 4.4%) 15. Spain: $1.636 trillion (up 4.1%) 16. Canada: $1.628 trillion (up 2%) 17. Turkey: $1.576 trillion (up 4.1%) 18. Iran: $1.382 trillion (up 1.8%) 19. Australia: $1.137 trillion (up 3.4%) 20. Taiwan: $1.114 trillion (up 3.2%) 21. Thailand: $1.107 trillion (up 3.5%) 22. Nigeria: $1.105 trillion (up 5%) 23. Poland: $1.003 trillion (up 4.5%) 24. Egypt: $996 billion (up 5.2%) 26. Pakistan: $930.8 billion ...

DSS INTEROGATES ALUKO #EKITIGATE

Former Secretary of the Ekiti State Peoples Democratic Party (PDP) Secretary, Dr. Temitope Aluko, has been answering questions from the Department of State Services (DSS) concerning his allegations of massive rigging of the 2014 governorship election in the state. The first round of interrogation was conducted in Abuja on Friday with the second round due to follow tomorrow, The Nation gathered yesterday. Aluko, speaking on Channels Television last week, alleged collusion between the PDP, Fayose and security officials in rigging the election. Of note is the allegation that former President Goodluck Jonathan released $37million to Fayose for the prosecution of the election wich Fayose won, defeating the then incumbent Dr. Kayode Fayemi. $2million of the sum was allegedly released for the PDP primaries which Fayose won conveniently and the balance of $35million for the election proper. The former PDP scribe had earlier appeared before the Nigerian Army Board of Inquiry ch...

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