N47.1bn Debt: Abuja Disco Threatens To Disconnect Barracks, 84 MDAsÂ
February 19, 2024 The Abuja Electricity Distribution PLC has threatened to disconnect the electricity supply of 86 Ministries, Departments and Agencies (MDAs) over a total debt of N47.1bn. This is…
Ag. Chair of EFCC, Ibrahim Magu, indicted by Panel as Buhari receives report
President Muhammadu Buhari on Friday received the Report of the Judicial Commission of Inquiry on the Investigation of Ibrahim Magu, Acting Chairman of the Economic and Financial Crimes Commission (EFCC),…
Hope for Nigeria as court orders forfeiture of P&ID assets to Federal Government
The Federal High Court on Thursday, ordered the forfeiture of all assets of the Process and Industrial Development (P&ID), an Irish Company in Nigeria. The EFCC charged Muhammad Kuchazi, Commercial…
‘Exxon Mobil engineer’, six others nabbed for Internet fraud
Operatives of the Economic and Financial Crimes Commission (EFCC), Kaduna zone have arrested seven suspected internet fraudsters in a raid carried out in Nasarawa State. One of the suspects, who…
Okorocha’s son in-law’s party implodes, invites EFCC to probe ex-Chairman, others
The National Think Tank Committee (NTTC) and National Executive Committee (NEC) of the Action Alliance (AA) has called on the Economic and Financial Crimes Commission (EFCC) to investigate the party’s…
Forgery: CAC stalls Obasanjo’s in-law trial
The unavailability of documents from the Corporate Affairs Commission (CAC) has stalled the forgery trial of John Abebe, the younger brother of former first lady, late Mrs Stella Obasanjo on…
Ex-NIMASA DG jailed 7 years, N42m option of fine
A Federal High Court on Monday sentenced Calistus Obi, a former Acting Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), to seven years imprisonment for N136 million fraud….
Exclusive: Airtel to list at Stock Exchange, awaits CBN approval
Airtel will soon join MTN Nigeria at the Nigerian Stock Exchange if it gets approval from the Central Bank of Nigeria, CBN, Political Economist can authoritatively report. A top source…
Joint Account: Governors fight back, petition Buhari over NFIU’s rules
The Nigeria Governors’ Forum (NGF) has petitioned President Muhmmadu Buhari over the released guidelines by the Nigerian Financial Intelligence Unit (NFIU) on granting financial autonomy to Local Governments. The NGF…
Herbalist cons South Korean of $4.2m; impersonates NNPC GMD
The Economic and Financial Crimes Commission (EFCC) Ilorin Zonal Office has arrested a 31-year-old herbalist, Jamiu Isiaka for allegedly impersonating the Group Managing Director of the Nigerian National Petroleum Corporation,…