News

You lack power to investigate Rivers: Wike to EFCC

Rivers State Governor Nyesom Wike has said the Economic and Financial Crimes Commission (EFCC) has no powers to investigate the financial transactions of the Rivers State government. According to him, EFCC must first vacate the Federal High Court judgment which said it could not investigate the financial transactions of the …

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Alleged N2.5bn fraud: Court adjourns trial of NBC DG to May 27

The Federal High Court Abuja, on Thursday, adjourned the trial of the Director-General of the National Broadcasting Commission, (NBC), Ishaq Modibbo, until May 27 for continuation of trial. Mr Modibbo is standing trial alongside Lucky Omoluwa, Chairman of Pinnacle Communications Ltd, and Dipo Onifade, the Chief Operating Officer of the …

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Panic as plane crash-lands in Ilorin

A training aircraft belonging to the International Aviation College (IAC) Ilorin crash-landed at the Ilorin International Airport on Wednesday. The Diamond plane with registration Number 5N-BNH with two pilots onboard crashed landed at exactly 11:05am without any casualty, it was learnt on Thursday. The incident caused panic within the airport …

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Fire outbreak at power transmission station in Abuja

There was a fire outbreak at Apo transmission substation in the federal capital territory (FCT) on Sunday. The substation is being operated by the Transmission Company of Nigeria (TCN). In a statement, the Abuja Electricity Distribution Company (AEDC) which feeds directly from the substation said a 45MVA transformer was lost …

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N7.9tr dirty, mutilated notes to be withdraw by CBN

A LARGE proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said. A statement by CBN’s Deputy Governor, Operations Folashodun Shonubi  and Director, Currency Operations Department Mrs. Pricilla Eleje …

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