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N649 debt: Court orders IGP to appear within 42 hours or face consequences

A State High Court in Nembe, Bayelsa State, on Wednesday ordered the Inspector-General of Police (IGP), Kayode Egbetokun, to appear before it within 42 days in connection with a N649 million accommodation debt suit. The judge, T. Y. Abasi, demanded Mr Egbetokun’s appearance following the suit filed by Darius Obienem, the owner of Euphemie Motel […]

40% of African nations in debt crisis – ECA

The United Nations Economic Commission for Africa (ECA) says 40 per cent of African nations are in debt distress or at high risk, with most spending more on debt interest payments than on critical sectors. Hanan Morsy, Deputy Executive Secretary and Chief Economist at the ECA, said this at the ongoing 2024 African Economic Conference […]