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The properties of the companies were also forfeited to the Nigerian Government. The Senator representing Delta North in the National Assembly, Peter Nwaoboshi, who has been on the run for months after the Court of Appeal (Lagos Division) convicted and sentenced him to seven years imprisonment for money laundering, is …

Governor Nyesom Wike of Rivers Rivers governor, Nyesom Wike on Tuesday doled out a total sum of N70 million to families of three police officers killed in an attack at the Rumuokoro flyover bridge, in Port Harcourt the state capital. A police officer who was also injured in the incident …

Sanwo-Olu addressing the media The Lagos State Governor, Babajide Sanwo-Olu on Wednesday announced the rolling out of relief packages for Lagosians to cushion the effect of CBN’s currency swap and fuel shortage that is biting hard on the people. The governor, in a press conference in Marina announced 50 percent …

Ali Bello, a nephew of Kogi State Governor, Yahaya Bello A Federal High Court sitting in Abuja has ordered the remanded one Ali Bello, a nephew of Kogi State Governor, Yahaya Bello after he was arraigned on 18- count charge bordering on criminal misappropriation and money laundering to the tune …

  The Rivers State government headed by Governor Nyesom Wike has vowed to join a suit at the Supreme Court which is seeking a permanent halt of the February 10 deadline given by the Central Bank of Nigeria for the use of old naira notes. Wike said this on Wednesday …

The Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, has assured Nigerians that the 2023 elections would hold as scheduled after a meeting with the Federal Executive Council, FEC, at the Council Chamber in Abuja. The meeting was presided over by President Muhammadu Buhari. Yakubu attended the weekly …

The implication of this ruling is that the old N200, N500 and N1000 notes remains valid after the February 10 deadline given by the CBN. Emefiele_Old-Money CBN Governor Godwin Emefiele. The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200, …

Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited, NNPC, on Tuesday assured Nigerians that the fuel scarcity being experienced in some parts of the country will reduce by next week. He said this during an interview shown on Channels Television on Tuesday evening. He assured that the …

Contrary to widespread believe that the naira redesigning policy of the Central Bank of Nigeria was an initiative of the CBN Governor, Mr Godwin Emefiele, it has emerged that the initiative was conceived by President Muhammadu Buhari and pushed to the apex bank to implement in order to check the …

Bawa Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has been sent to prison for disobeying court order. The court also directed the Inspector-General of Police (IGP), Baba Usman Alkali, to effect Bawa’s arrest and remand him in Kuje prison for the next 14 days until he …