A group, Socio-Economic Rights and Accountability Project (SERAP), has demanded that the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), enforces the verdict of a Federal High Court, Lagos, on making public, details on how recovered looted funds were spent since the return of civilian rule. A judgment by Justice Mohammed […]
Wife of Nigeria’s President, Aisha Buhari has reacted to the Peoples Democratic Party that she is not involved in foreign exchange dealings and could not have been a beneficiary of an alleged $22million allocation from the Central Bank of Nigeria. Recall that the PDP on its Twitter posts yesterday had alleged that President Muhammadu Buhari, his aides and […]
The Federal Government has yet to receive any formal request for fresh bailout from any state government,SUNDAY PUNCH has learnt. Findings by our correspondent from top government officials at the Ministry of Finance on Saturday revealed that since the last bailout exercise where about 19 states got a total of about N348.6bn, no state has made […]
agos—Worried by the economic downturn in the country, Oba of Lagos, Oba Riliwanu Akiolu yesterday urged Nigerians to pray for President Muhammadu Buhari, saying; “He needs God’s intervention to address the country challenges.” Oba Akiolu Akiolu who made the appeal during a courtesy visit by a delegation from Kebbi State led by the state governor, […]
By Ikechukwu Nnochiri ABUJA — Former Director of Finance and Accounts at the Nigerian Air Force, NAF, Air Commodore Salisu Abdullahi Yushau (retd), yesterday, revealed before the Federal High Court sitting in Abuja, that all past Air Chief Marshals, diverted N558.2 million monthly from funds meant for the payment of salaries of Nigerian Air Force officials. Badeh […]
By Ikechukwu Nnochiri ABUJA— Abuja Division of the Federal High Court has restrained the Senate and the Inspector-General of Police, Mr. Solomon Arase, from arresting the former Chairman of Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde, over his alleged complicity in N1 trillion fraud. Justice Gabriel Kolawole issued the order on the basis […]
EFCC Releases Amosu, Others on Bail, Seizes Passports — 22nd March 2016 The Economic and Financial Crimes Commission has released the immediate past Chief of Air Staff, Air Marshal Adesola Amosu (retd.), and other senior officers arrested over the $2.1bn arms scam. It was learnt on Monday that a former Chief of Accounts and Budgeting […]
By Samuel Oyadongha, Yenagoa Former President Goodluck Jonathan has vowed not to succumbed to the demand of the kidnappers of his uncle, Chief Nitabai Inegite to secure his release. Chief Nengite, aged 72, a retired lecturer with the Rivers State University of Science and Technology, who is also foster father to the former President was […]
By Princewill Ekwujuru & Jonah Nwokpoku Director General of West African Institute for Financial and Economic Management, Professor Akpan Ekpo, has said that the prevailing economic situation in the country resulting from persistent decline in commodity prices has sent the Nigerian economy hovering on the brink of recession. President Muhammadu Buhari He stated this while […]
Dr. Dakuku Peterside, Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA narrowly escaped death this afternoon after his vehicle was attacked by gunmen in two utility vehicles on his way from the Port Harcourt International Airport. Peterside who was in his car with Davies Ibiamu Ikanya, Rivers State All Progressives Congress, APC Chairman and Hon […]
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