News

Tinubu Appoints Ola Olukoyede As New EFCC Chairman

  President Bola Ahmed Tinubu has approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years in the first instance, pending Senate confirmation. This is contained in a statement issued by Ajuri …

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Naira falls to N1,040/$ at parallel market

 Naira and Dollar   The exchange rate between the naira and the dollar dropped to N1,040 in the parallel market on Wednesday. The ongoing trend of demand surpassing supply seems to be a contributing factor. Forex traders report inflow quotes ranging from N1,035 to N1,045 per dollar, indicating heightened scarcity, …

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$24m Fraud: US Court Jails Nigerian Senator’s Wife

A US District Court has sentenced Mrs Tamara Motley Ogembe, wife to Senator Ahmed Ogembe, former lawmaker representing Kogi Central in the 8th Senate, to 20 years in federal prison for the money laundering conspiracy count, and a mandatory sentence of two years in federal prison consecutive to the other …

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Yoruba Youth Council passes vote of confidence on Kyari

Malam Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPCL The Yoruba Youth Council has passed a vote of confidence on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited Mr Mele Kyari. It described the attempts by some unscrupulous elements to blackmail Kyari as a …

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Lagos govt reopens Ladipo, Oyingbo, other markets

 Sanwo-Olu   The Lagos State Government, through the state Waste Management Authority, LAWMA, has ordered the reopening of Ladipo, Oyingbo, Alamutu Ologede, and Ile-Epo markets, recently sealed over filth and gross environmental abuse. Recall that about a week ago, following approval by the Commissioner for Environment and Water Resources, Tokunbo Wahab, …

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