News

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari, said the corporation can no longer bear the over N120 billion monthly subsidy for Premium Motor Spirit (PMS). Kyari stated this during the weekly media briefing organised by the Presidential Communication Team at the State House, Abuja, on …

The recent ‘declare your assets order’ to bank workers by the Economic and Financial Crimes Commission (EFCC) has continued to raise dust with stakeholders faulting the policy. Bankers under the aegis of the Association of Senior Staff for Banks, Insurance and other Financial Institutions (ASSBIFI) and National Union of Banks, Insurance and …

The Corporate Affairs Commission (CAC) says it will destroy certificates and documents unclaimed by their owners from April 30. The commission gave the warning in a notice titled “unclaimed certificates/documents”. In July, CAC announced that it will no longer receive visitors at its offices in Lagos and Abuja due to COVID-19. It …

NSA Babagana-Monguno Monguno The Economic and Financial Crimes Commission (EFCC), is said to be investigating Brigadier-General Mohammed Jafaru, the director of Finance in the office of the National Security Adviser (NSA), Babagana Monguno, over alleged questionable ownership of multi-billion naira properties. In the course of over one-year-long investigation, arrests of accomplices and execution of search warrants, …

Top Nigerian bank chief executive officers and other top executives are said to be jittery following fresh directives by the Economic and Financial Crimes Commission (EFCC) for bank employees to declare their assets in accordance with the bank employees declaration of assets act. The act requires every bank employee to make a full disclosure of …

The National Information Technology Development Agency (NITDA) has placed a N5 million (Five Million Naira) fine on Electronic Settlement Limited over breach of personal data. NITDA said that it discovered the data breach after analysing the company’s applications and websites; visiting the company’s office in Lagos, reviewing its technical documents and interrogating its officials. …

Zenith Carex International Limited has been blacklisted by Global Fund for an alleged $3 million fraud. According to Premium Times, Zenix Carex was accused of systematically inflating invoices for the distribution of health commodities to warehouses and health facilities throughout Nigeria. In its latest report published March 9, the Office of the Inspector General (OIG) of …

The Christian Association of Nigeria (CAN) has sued the federal government over the implementation of the Companies and Allied Matters Act (CAMA) 2020. On August 7, President Muhammadu Buhari signed CAMA into law. The law stipulates that religious bodies and charity organisations will be regulated by the registrar-general of the Corporate Affairs Commission (CAC) …

A report by the National Bureau of Statistics (NBS) released on Monday revealed that Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020. The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged labour …

Bandits have stormed UBE Primary School in Rama village, abducting many pupils and teachers in Birnin Gwari Local Government Area of Kaduna State. Residents of the community disclosed that the incident occurred around 9am on Monday while pupils were trooping into the school. A resident, Abdulsalam Adam, told Daily Trust that …