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 …
Read More »We’re probing former govs, ex-ministers, others over fraud – EFCC
EFCC office The Economic and Financial Crimes Commission, EFCC, on Wednesday, disclosed that following petitions received by the commission, some former governors, former ministers, and some ministry officials are under investigation adding that details of their involvement will soon be made public. Spokesman of the commission, Mr Dele Oyewale also …
Read More »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, …
Read More »$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 …
Read More »Imo Guber: Group Slams Anyanwu, Others, Says Uzodinma Would Respect Charter Of Equity Deal
A socio-cultural group, the Ndi Imo Defenders, has described as wicked and malicious the call by the candidates of the opposition parties that Governor Hope Uzodinma should drop his re-election bid for contestants from the Owerri Zone ahead of the November 11 governorship election. The President of the group, Stan …
Read More »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 …
Read More »Tinubu appoints ex-presidential candidate Durotoye, 4 others to media team
Fela Durotoye President Bola Tinubu has appointed Fela Durotoye, the presidential candidate of the Alliance for New Nigeria party (ANN) in the 2019 elections as a member of his media team. Durotoye, president of the GEMSTONE Nation Builders Foundation and a motivational speaker, was among the new people appointed to …
Read More »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, …
Read More »JUST IN: Court sentences police officer who killed Bolanle Raheem to death
Vandi and Raheem A high court sitting in Lagos has sentenced Drambi Vandi, the officer involved in the killing of Bolanle Raheem, a lawyer, to death by hanging. Ibironke Harrison, the trial judge, in her ruling on Monday, convicted Vandi of a one-count charge of murder. “The court finds the …
Read More »The UAE’s Energy Minister tells CNN the lack of oil investment is “scary”
> Any Use of This Material Must Clearly Credit CNN < The UAE’s Energy Minister has told CNN that there needs to be ongoing investment in oil and gas alongside energy transition commitments. In an interview with Becky Anderson at the ADIPEC energy industry event in Abu Dhabi, Suhail …
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