Unearthing a Decade of Financial Transactions The Economic and Financial Crimes Commission (EFCC) has embarked on a thorough investigation into the allocation of at least $347 billion to various companies in Nigeria, spanning the period from January 2014 to June 2023. These findings have emerged from a meticulous analysis of the sectoral utilisation of the…
Former Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi has expressed strong support for the relocation of certain departments of the apex bank from Abuja to Lagos. In a recent statement, he dismissed opposition to the move as playing dirty politics and emphasized the strategic importance of the decision. Sanusi Lamido, who served as…
President Bola Tinubu has voiced his dissatisfaction with the Super Eagles’ performance in their Africa Cup of Nations (AFCON) Group A clash against Guinea-Bissau. Minister of Sports Development, Sen. John Owan Enoh, shared this revelation during a Zoom meeting with the national team players and coaches ahead of Nigeria’s round of 16 clash with Cameroon….
President Tinubu’s Mandate: Stricter Performance Standards for Ministers Hadiza Bala Usman, Special Adviser to President Tinubu, issued a stern warning at the technical retreat in Uyo. The focus is on ministers who fail to meet their mandates, emphasizing President Tinubu commitment to enhancing the lives of Nigerians. This signals a shift towards a more performance-oriented…
The Federal Government marked a significant milestone on Tuesday as it officially commenced the construction of a state-of-the-art 50,000 metric tonnes Liquefied Petroleum Gas (LPG) and propane depot. The groundbreaking ceremony, held at the Oil and Gas Free Trade Zone in Onne, Rivers State, was attended by key figures, including the Minister of State for…
In a swift and retaliatory move, ISWAP elements launched an attack in the early hours of January 22, 2024, targeting the Boko Haram fighters encamped in Tumbun Rago. This action came in response to the assault orchestrated by the Boko Haram faction on January 21 in the ISWAP camp located in Tumbun Rago Jaki. The…
The Federation Account Allocation Committee (FAAC) declared a remarkable distribution of N1.13 trillion in earnings for December 2023. This marked a substantial increase of N500 billion compared to the previous month’s allocation, demonstrating a positive financial trend. The committee, led by Dr. Oluwatoyin Madein, the Accountant General of the Federation, disclosed the breakdown of this…
EFCC Set to Arraign Obiano Before Justice Ekwo In a significant development, the Economic and Financial Crimes Commission (EFCC) is poised to arraign the immediate-past governor of Anambra State, Chief Willie Obiano, on Wednesday, January 24. The charges against him revolve around alleged money laundering amounting to a staggering N4 billion. This move follows the…
In a significant move, the Federal Government, through the Bureau of Public Enterprises (BPE), has embarked on the sale of five power plants under the National Integrated Power Projects (NIPP), marking a crucial development in the country’s energy sector. The transaction, currently in progress, aims to generate approximately $1.15 billion in revenue, as revealed on…
Senator Ndume’s Warning to President Tinubu Senator Ali Ndume issued a stern warning to President Bola Tinubu regarding the proposed relocation of Central Bank of Nigeria (CBN) and Federal Airports Authority of Nigeria (FAAN) headquarters to Lagos. Ndume expressed concern over the influence of what he called the “Lagos Boys” cartel, cautioning that there could…
