Month: April 2024
Alleged Involvement of Soldiers in Theft at Dangote Refinery Sparks Concern
The Nigerian Army (NA) has expressed grave concern over the reported involvement of two of its personnel in an alleged theft incident at the Dangote Refinery located in Lagos. The incident, which was thwarted by the timely intervention of vigilant troops and private security operatives stationed at the refinery, has been described as unacceptable and…
EFCC Set to Arraign Ex-Governor Yahaya Bello for Alleged N80.2 Billion Money Laundering
The Economic and Financial Crimes Commission (EFCC) has announced plans to arraign former Governor of Kogi State, Yahaya Adoza Bello, before a Federal High Court in Abuja on Thursday, April 18, 2024. Bello will face trial alongside three other suspects – Ali Bello, Dauda Suleiman, and Abdulsalam Hudu – on 19-count charges related to money…
EFCC Warns Against Obstruction of Operations
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to the public against obstructing its officers from carrying out their lawful duties, emphasizing that such actions constitute a criminal offence. According to Section 38(2)(a)(b) of the EFCC Establishment Act, it is illegal to impede officers of the Commission in the discharge of…
PRESIDENT TINUBU REAFFIRMS COMMITMENT TO ECONOMIC SECURITY IN MEETING WITH AFENIFERE LEADERS
President Bola Tinubu reiterated his administration’s steadfast commitment to achieving comprehensive economic security for Nigeria while addressing foundational challenges and fostering fairness and equity for all citizens during a meeting with leaders of Afenifere, the esteemed Yoruba Socio-Cultural Organization. In the discussions held at the State House in Abuja on Wednesday, President Tinubu underscored the…
Federal High Court Grants EFCC Warrant to Apprehend Ex-Governor Yahaya Bello
In a significant development, the Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) authorization to apprehend former Governor Yahaya Bello of Kogi State. This decision comes ahead of his scheduled court appearance on Thursday. Justice Emeka Nwite approved the warrant earlier today in response to the EFCC’s request. The…
Port Harcourt Refinery Poised to Resume Operations Following Arrival of Crude Oil
The Port Harcourt refinery has reached a significant milestone in its journey towards resuming operations, as it has successfully received crude oil and stocked it within the facility. According to officials, all crude oil lines are currently active, marking a crucial step forward in the refinery’s readiness to commence production. In a statement released by…
Dangote Refinery Slashes Diesel Price to 1,000 Naira Per Litre
In a bid to alleviate the financial burden on consumers and contribute to economic stability, Dangote Petroleum Refinery has announced a further reduction in the price of diesel from 1,200 to 1,000 naira per litre. This latest price adjustment comes after the refinery previously rolled out diesel at a reduced price of 1,200 naira per…
EFCC Set to Prosecute Cubana Chief Priest for Naira Abuse
The Economic and Financial Crimes Commission (EFCC) is gearing up to prosecute Okechukwu Pascal, widely known as Cubana Chief Priest, for alleged abuse of the Nigerian currency, the naira. The charges stem from incidents where Cubana Chief Priest is accused of spraying money at social events, contravening the Central Bank Act 2007. The allegations against…
Forest Guard Allegedly Attacks Farmer in Ijebu East Local Government
In a distressing turn of events, a farmer identified as Mr. Abdulfatai Abiodun was reportedly attacked by forest guards in Ijebu East Local Government area of Ogun State early on Tuesday morning. The incident has raised concerns about the alleged harassment and extortion carried out by forest guards against farmers and individuals conducting business in…
AMCON Commences Bankruptcy Proceedings Against Milan Industries Chairman and Directors Over N42 Billion Debt
The Asset Management Corporation of Nigeria (AMCON) has initiated bankruptcy proceedings against Rajesh Valecha, the Chairman of Milan Industries Limited, and four other directors of the company, citing an alleged failure to repay a staggering N42 billion debt. Alongside Rajesh Valecha, the other directors mentioned in the ongoing petitions held before two judges of the…