The Economic and Financial Crimes Commission (EFCC) has made a major breakthrough, with the apprehension of 34 suspected currency speculators in Abuja. The arrests were made by EFCC operatives deployed to the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, underscoring the agency’s relentless efforts to curb financial crimes across the nation….
The Nigerian Security and Civil Defence Corps (NSCDC) orchestrated a commendable feat by cracking down on illegal mining operations, culminating in the arrest of four Chinese nationals. This operation, conducted by the vigilant Mining Marshals, targeted an illicit mining site notorious for its unauthorized extraction of lithium, a prized mineral. Situated within the confines of…
The Federal Government’s P-CNGi has achieved a milestone by sealing a $50 million deal to facilitate the conversion of commercial vehicles to Compressed Natural Gas (CNG) propulsion systems. Announced by Mr. Michael Oluwagbemi, the Programme Director/Chief Executive of P-CNGi, on a televised platform, this initiative aims to address the pressing issue of rising fuel costs…
Governor Seyi Makinde of Oyo State exercised his civic duty by casting his vote in the Local Government election held across the state. Encouraging residents to participate, he emphasized the significance of accepting the outcome of the election process. Speaking after casting his vote in Ibadan North East LGA, Governor Seyi Makinde commended the peaceful…
Minister of Works, Dave Umahi, has issued a stern ultimatum to Julius Berger Nigeria regarding the completion of the Bodo-Bonny road project. The project, currently at 82% completion, has faced delays and requested variations from the contractor. Umahi clarified that the initial agreement, signed for the N199.923 billion project, stipulated a completion deadline of December…
The American International School of Abuja (AISA) has transferred a substantial sum of $760,910.84 to the Economic and Financial Crimes Commission (EFCC), following a petition lodged by the commission. This transfer is part of an ongoing investigation into allegations surrounding the payment of school fees for five children of the former Kogi State Governor, Yahaya…
In a move that has sent shockwaves through the power sector, Joe Agi, a senior advocate of Nigeria, has initiated legal proceedings against the National Electricity Regulatory Commission (NERC) and the Abuja Electricity Distribution Company (AEDC). The lawsuit, filed at the Federal High Court in Abuja, alleges a staggering 230 percent increase in electricity tariffs…
The Kogi State High Court in Lokoja has taken a firm stance against potential contempt of court. The court has issued a directive summoning the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, to appear before it on May 13. This move aims to address allegations of disobedience to a previous court…
Dave Umahi Minister of Work has issued a stern ultimatum to construction companies tasked with the monumental project of rehabilitating the Abuja-Lokoja-Benin highway. Minister of Works, David Umahi, announced that a new contract worth N870 billion has been drafted to replace the expired one under the Nigerian National Petroleum Corporation (NNPCL) Tax Credit Scheme. The…
PetroChina, a Chinese state-owned energy enterprise, finds itself entangled in payment complexities, resulting in a month-long delay in unloading a shipment of U.S. crude oil at the Dangote refinery in Nigeria. This delay, highlighted by reports from four trading sources and shipping data, underscores the hurdles confronting the $20 billion Dangote refinery, supported by Africa’s…
