Jimoh Ibrahim Pays N25bn for NICON and Nigeria-Re

July 23, 2008   Jimoh Ibrahim Pays N25bn for NICON and Nigeria-Re … Aftermath of EFCC Going to Court As the Economic and Financial Crimes Commission EFCC charged billionaire and business mogul, Bar. Jimoh Ibrahim, before an Ikeja High Court over an alleged N1bn fraud, the young investor has today made public presentation of N25 billion bank draft representing capital injection in NICON Insurance and Nigeria-Reinsurance Corporation. The payment is in compliance with agreement he entered with the federal government on the two firms... More   FG to Build More Refineries The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engineer Abubakar Lawal Yar'adua says government is considering building additional refineries in the country aimed at deriving the full potential of the nation's hydrocarbon resources... More   Economic Confidential Factual, Authoritative and Accesible Nigeria's Economic Magazine www.economicconfidential.com