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BY SADOU JATTU – Since last week when the Federal Executive Council (FEC) approved the sum of $1.5bn for the rehabilitation of the Port Harcourt Refinery, all hell has been practically let loose. Well-meaning Nigerians from all walks of life have been sharing their views on the issue and many …

Buhari President Muhammadu Buhari did not promise to make one naira become equivalent to one dollar, Femi Adesina, Special Adviser to the President on Media and Publicity, has said. According to Adesina, the claims suggesting that President Muhammadu Buhari made such a promise, are false. “It does not exist, it is …

President Muhammadu Buhari has approved the reappointment of Alexander Okoh as the director-general of the Bureau of Public Enterprise (BPE) for another four years. Laolu Akande, senior special assistant to the president on media and publicity, disclosed this in a statement on Thursday. The renewal takes effect from April 10, …

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 …