EFCC: Allegations of Fraud In the ongoing trial of Okpalugo Ifeoma, a retired Assistant Commissioner of Police, alongside co-defendants Olumide Odumosu, Helen Nwafor, and Sule Yusuf Tegina, the gravity of the allegations cannot be overstated. The accused individuals stand accused of orchestrating a complex scheme amounting to an alleged N1.3 billion fraud, with the purported…
In a significant victory for security forces and the people of Kaduna State, the notorious bandit and insurgent, Boderi Isyaku, has been neutralized in a daring operation. Stemming from unwavering support from Kaduna State Governor, Senator Uba Sani, the troops of the Nigerian Army achieved this breakthrough in the ongoing fight against banditry and terrorism….
Federal government In a concerted effort to tackle the incessant rise in cement prices across Nigeria, recently convened a high-level meeting with key stakeholders in the cement manufacturing industry. Chaired by the Honourable Minister of Works, His Excellency, Sen. Engr. Nweze David Umahi GON, and co-hosted by the Honourable Minister of Industry, Trade and Investment,…
In a significant development for Nigeria’s economic landscape, Dr Doris uzoka Anite Minister of Trade industries and investments says Federal Government has secured a commitment of $30 billion in Foreign Direct Investments (FDIs). This milestone was announced by the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, during a press briefing held in Abuja…
Concerns over Alleged Inaccurate Pricing Information The decision by the Federal Government (FG) to allow the reopening of the Sahad Store in Abuja comes after a period of closure due to concerns regarding alleged inaccurate pricing information. This move follows an investigation by the Federal Competition and Consumer Protection Commission (FCCPC), which uncovered deceptive practices…
Transporters Face Mounting Operational Expenses Transportation operators in Nigeria find themselves at a crossroads as they grapple with surging operational costs, triggering concerns of an impending fuel scarcity. The Nigerian Association of Road Transport Owners (NARTO) has issued a stark warning, indicating that the industry could face a standstill as early as Monday. Alhaji Yusuf…
FG’s Crackdown on Hoarding and Price Fixing Amidst the burgeoning food crisis gripping the nation, the Federal Government (FG) has stepped up its efforts to alleviate the situation. President Bola Tinubu’s recent declaration signaling the government’s resolve to tackle the underlying causes of the crisis has galvanized action from regulatory entities such as the Federal…
Minister of Power, Mr Adelabu, has disclosed alarming figures regarding the indebtedness of consumers and the subsidy shortfall plaguing Nigeria’s power sector. During a press conference in Abuja on Wednesday, Mr Adelabu revealed that consumers owe Generation Companies (GenCos) a staggering N1.3 trillion, while the country’s debt to gas companies stands at $1.3 billion. This…
In a dramatic turn of events, the ongoing trial of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, witnessed a startling revelation as Boss Gida Mustapha, the Second Prosecution Witness (PW2), testified before Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Maitama, Abuja. Mustapha, who served as the Secretary to the…
Recent findings by the Nigerian Electricity Regulatory Commission (NERC) have uncovered a staggering reality: approximately 7.1 million customers across the country have been overcharged by power distribution companies (Discos) between January and September 2023. The absence of electricity meters has left these consumers vulnerable to inaccurate billing, resulting in a collective overcharge amounting to over…
