According to the Economic and Financial Crimes Commission, EFCC’s allegations, a significant number of former governors, totaling at least 58, have alleged to been involved in the misappropriation, embezzlement, or laundering of approximately N2.187 trillion over a span of 25 years. This amount does not include properties seized worldwide or those currently being investigated, which…
President Bola Tinubu has given the assurance that his administration would continue to put in place policies for the industrialisation of the country. A statement by the presidential spokesman Ajuri Ngelale, said Tinubu disclosed this when he received a delegation of the African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers Association.The President, represented…
Illegal occupants of the Ikoyi Towers, formerly Federal Staff Quarters, have till Monday to vacate the premises. Commissioner for the Environment and Water Resources, Tokunbo Wahab served them the quit notice when he led an inspection visit to monitor enforcement operations in some areas of the State. The property is mostly occupied by security agents…
The federal government has said the Tertiary Education Trust Fund (TETFund) will defund any non-performing centre of excellence it established eight years ago. According to Professor Tahir Mamman, the Minister of Education, the government will not continue to reward indolence by giving free money to institutions that are not doing what they are supposed to…
Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment. A statement issued by the anti-graft agency on Saturday said Placidus bagged the jail term for diverting…
Dr Abel Damina, a popular Nigerian pastor and founder of Abel Damina Ministries International has been knocked for his comment on the remedy to porn addiction.Damina gave his submission while speaking on Comfort FM’s Righteous Invasion of Truth (RIOT) programme in Uyo in late February. The clip of the sermon made the rounds on Thursday,…
The Nigerian Electricity Regulatory Commission (NERC) has set up the Nigerian Independent System Operator of Nigeria Limited (NISO) as it unbundles the Transmission Company of Nigeria (TCN).The transmission leg of the power sector has over the years been seen as weakest link with obsolete equipment. The unbundling announcement is contained in an Order dated April…
Lagos State’s Gross Domestic Product (GDP) has surged from N27 trillion to N41 trillion over the past four years according to Ope George, Commissioner for Economic Planning and Budget George highlighted that this achievement positions Lagos as the 7th largest economy in Africa based on GDP. He remarked, “Currently, we are ranked 7th in GDP…
The Minister of Steel Development, Alhaji Shuaib Abubakar on Thursday disclosed that the Federal Government paid the sum of $500 in order to terminate the concession agreement on Ajaokuta Steel Company. The minister, who disclosed this during an interactive session with the House of Representatives Committee on Steel Development in Abuja said the government was…
The Economic and Financial Crimes Commission and celebrity barman, Pascal Okechukwu, popularly known as Cubana Chief Priest, have decided on out-of-court settlement of the naira abuse charge against Cubana. The out-of-court settlement was disclosed when the proceedings resumed on Thursday.Cubana Chief Priest had appeared before Justice Kehinde Ogundare, facing three counts related to abusing the…
