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Daily Archives: March 27, 2018

Looted asset: FG signs pact with Swiss govt on repatriation

President Muhammadu Buhari on Monday signed the instrument of ratification of a Memorandum of Understanding among Nigeria, Switzerland and the International Development Association (IDA) that will lead to the repatriation of illegally-acquired assets to Nigeria. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina disclosed this in a statement made available to the media. He stated that the ... Read More »

OAU Mgt, students at loggerheads over undergraduates’ detention

Students: We’ll resist VC’s high-handedness   The management of Obafemi Awolowo University (OAU), Ile-Ife and the students are at loggerheads, following the arrest and detention of some of the students over a new hostel policy For the umpteenth time, the Obafemi Awolowo University (OAU), Ile-Ife, is engulfed in another round of crisis, which if not properly managed, may once again, ... Read More »

MMM founder, Sergei Mavrodi, dies of heart attack at 62

Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the 62-year-old was rushed to the hospital late on March 25 with pain in his chest and died several hours later. Mavrodi’s MMM financial pyramid was a typical Ponzi scheme ... Read More »