PRESIDENT Muhammadu Buhari, Monday, signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, disclosed this while briefing State House correspondents at the Presidential Villa, Abuja. El-Yakub said the Act will be largely focused on funding security and health … Read more
THE Asset Management Corporation of Nigeria (AMCON) has recovered N1.48 trillion from debtors, its Managing Director, Ahmed Kuru announced Monday. The AMCON boss said the fund was recovered out of the N4.158 trillion owed to the corporation. Kuru, who spoke in Kaduna at the 2021 retreat of the Senate Committee on Banking Insurance and other … Read more
JUSTICE Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos has fixed September 9, 2021 to rule on the no-case submission filed by Fidelis Umukoro who is being prosecuted by the Economic and Financial Crimes Commission, EFCC for an alleged N164million fraud. Umukoro who was arraigned on February 11, 2020 alongside his company … Read more
JUSTICE O.A. Musa of the Federal Capital Territory High Court, Bwari, Abuja today July 15, 2021 convicted the trio of Lawal Umar, a 45 year-old property agent; Alexander Danjuma, a 43 year-old mechanic and Theophilus Omambala, a 47 year-old engineer for giving false information to operatives of the Abuja Zonal Office of the Economic and … Read more
THE trial of Patrick Akpobolokemi, a former Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, and three others for an alleged N8.5billion fraud before Justice Ayokunle Faaji of the Federal High Court sitting in Ikoyi, Lagos continued on July 12, 2021, with the Economic and Financial Crimes Commission, EFCC, presenting its sixth witness. Akpobolokemi is standing trial alongside … Read more
ONE hundred and nine thousand schools in Lagos State are yet to be enrolled into the National Home Grown School Feeding Programme, it has been learnt. Project Manager Yinka Makinwa stated this during a stakeholders’ engagement with the state Ministry of Wealth Creation and Employment and the Federal Ministry of Humanitarian Affairs, Disaster Management and … Read more
The Federal Government plans to spend N900 billion on subsidy payout to oil marketers next year, Finance, Budget and National Planning Minister Zainab Ahmed said yesterday. She dropped the hint at the presentation of the Medium-Term Expenditure Framework/Fiscal Strategy Paper for 2022-2024 in Abuja. Explaining the subsidy conundrum that the country has found itself, Ahmed … Read more
Your Arguments Are Deceptive, Mischevious- Commissioner For LH Some former political office holders in the various local government areas, local council Development Areas and Area Offices in Osun State have accused Governor Gboyega Oyetola of deliberately withholding their severance allowances. The affected ex-council parliamentarians said that the governor allegedly withheld their severance allowances because of … Read more
THE trial of Victor Uadiale and Capt. Everest Nnaji before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos for an alleged $5million (Five Million United States Dollars) fraud continued on Monday, June 21, 2021, with the Economic and Financial Crimes Commission, EFCC, presenting more evidence against them. Uadiale and Nnaji are … Read more
PRESIDENT Muhammadu Buhari on Thursday opened the 157 kilometre-Lagos-Ibadan Standard Gauge Railway Line for full commercial operations. He described the project as another milestone to revitalise the rail infrastructure and improve socio-economic activities. The president called for stakeholder engagement on the commencement of the Ibadan-Kano corridor. The opening ceremony held at the Mobolaji Johnson Station … Read more