S.J News• [Aug 6, 2011]

S.J News• [Aug 6, 2011]• http://sjnewss.blogspot.com/ FG Takes Over Banks: CBN revokes operating licences of Afribank, BankPHB & Spring bank due to lack of recapitalization commitment; Assets & liabilities taken over by MainStreet, Keystone & Enterprise Bridge banks respectively; September 30 still recapitalization deadline; Bank deposits assured. Pollution: Lagos State Environmental Protection Agency (LASEPA) shuts 5 oil companies (Techno Oil, Fatgbems Oil, Bovas Oil, Index Petroleum & Swift Oil) & 4 others (Majen Rai Portland Cement, Jannock, Scolet & Cappa de Alberto) for violating Environmental law @ Kirikiri area; Oil tankers should be no less than 200m 4rm residential areas -Law. BPE Probe: 7-man Senate ad-hoc committee on probe of Bureau of Public Enterprises (BPE) activities to begin formal work on monday. New LASAA GM: Gov Babatunde Raji Fashola approves appointment of Mr George Kayode Noah as Lagos State Signage & Advertising Agency (LASAA) MD. Economy: N29,019.32tn to be shared by FG, State & Local Govts for economic growth within next 3 years. Lagos Assembly Passes Bill: Lagos landlords banned 4rm collecting over 1yr rent (N100,000 fine or 3years imprisonment for defaulting landlord or new tenant); Sitting tenants not to pay more than 6 months in advance to landlords. CNPP v Ajimobi: Conference of Nigeria Political Parties (26 parties) drag Gov Abiola Ajimobi before State High court, Ibadan over appointment of Caretaker Chairmen for all 33 LGs. S&P Downgrades US Rating: Standard & Poor's (Credit rating agency) downgrades US AAA rating for the 1st time ever; US rating cut by 1 notch to AA+. S.J wishes Raheemah  a splendid Bday.