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Senate Probes N11.35trn Use to Overhaul Refineries The Nigerian Senate has tasked its ad-hoc committee to investigate all contracts worth about N11.4 trillion awarded for rehabilitating all state-owned refineries from 2010 to 2023. This followed the adoption of a motion on “Urgent need to investigate various turnaround maintenance projects of Nigerian refineries, to uncover waste […]

FAAC Shares N903.48bn Revenue to Three Tiers of Govt The Federation Account Allocation Committee (FAAC) has shared a total of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, states and Local Government Councils (LGCs). This is contained in a communique issued by the FAAC at the end of its October meeting held […]

P&ID Scam: EFCC Opens Case Against Fleeing Briton, James Nolan The Economic and Financial Crimes Commission (EFCC), on Tuesday, opened its case at the Federal High Court (FHC), Abuja, against the British National, Mr James Nolan, who jumped bail in 2022. The EFCC’s counsel, Mr Bala Sanga, led the 1st prosecution witness (PW1), Mr Temitope […]

States, FCT Generated N1.9trn as IGR in 2022 – NBS The National Bureau of Statistics (NBS) said the 36 states and the Federal Capital Territory (FCT) recorded a 1.6 per cent year-on-year growth in Internally Generated Revenue, IGR, to N1.92 trillion in 2022 from N1.89 trillion in 2021. This is contained in the NBS report […]

Chinese Yuan Strengthens to 7.1786 Against Dollar The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened 6 pips to 7.1786 against the dollar on Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two percent from […]

ISSAN Industry Roundtable: Stakeholders Make Case for ‘Nigerian Identity’ System As the world marks Cybersecurity Awareness Month, stakeholders in Nigerian cyberspace have made a strong case for an Integrated Identity Management System to be called ”The Nigerian Identity” whereby international passport, phone number, BVN belonging to one individual are grafted onto one composite interconnected file […]

A judge of the Rivers State High Court, Eberechi Wike, has advocated the amputation of people found guilty of defiling minors. Justice Wike, who is the wife of the immediate past Rivers State Governor, Nyesom Wike, stated this on Tuesday on the sidelines of the 2nd National Conference of Family Court Judges, Magistrates, and other […]

The bill seeking to extend the retirement age of staff of National Assembly has scaled through Second Reading on the floor of the House of Representatives. The private member bill was sponsored by the Deputy Minority Leader, Hon. Aliyu Sani Madaki. The controversial bill had during the 8th and 9th Assemblies suffered major setbacks following […]

The National Youth Service Corps (NYSC) says it will investigate the viral footage showing one of its members who appeared to be punished for an undisclosed offence. The video showed the corps member allegedly forced to kneel by a school proprietress. Although details remain unclear, it has sparked outrage on social media. In the clip, […]

The Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede, has directed the agency’s personnel to declare their assets. According to the spokesperson for the anti-corruption body, Dele Oyewale, in a statement released on Tuesday, Olukoyede said he had declared his assets and that there was no reason for others not to do […]

The Rivers State Governorship candidate of the All Progressives Congress in the 2023 election, Tonye Cole, has appealed the judgment of the state election petition tribunal which upheld the victory of Governor Siminalayi Fubara, expressing the hope that the Appeal Court will overturn the judgment. The state APC spokesperson, Darlington Nwauju, confirmed this while speaking […]

Disturbed by the rising number of awaiting trial inmates in the country and the delay in determination of cases in court, the Federal Government, on Tuesday, said it has concluded plans to convene a national summit on justice. The Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, made the disclosure at […]