Abacha loot: Switzerland returns $723 million to Nigeria in 10 years

The Swiss government has confirmed that it has so far returned $723 million (about N142.43 billion) of stolen funds seized from the family of the late former head of state, Sani Abacha, to the Nigerian government over the last 10 years. Continue reading Abacha loot: Switzerland returns $723 million to Nigeria in 10 years

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Global Islamic finance industry assets hit $2trn – Gwarzo

The director-general of Securities and Exchange Commission (SEC), Mr Mounir Gwarzo, has said the total assets under management in the global Islamic finance industry had surpassed N394 trilliion ($2 trillion) by 2014. Continue reading Global Islamic finance industry assets hit $2trn – Gwarzo

Kogi guber: ‎Gov Bello belongs to PDP – Faleke tells tribunal‎‎

Former running mate to late ‎Prince Abubakar Audu, Hon. ‎James Faleke, yesterday, alleged before the Kogi State Governorship Election Petition Tribunal sitting in Abuja, that ‎Governor Yahaya Bello, is a member of the Peoples Democratic Party, PDP. Continue reading Kogi guber: ‎Gov Bello belongs to PDP – Faleke tells tribunal‎‎

Move to oust Sheriff, NWC members frivolous – PDP

The Peoples Democratic Party (PDP) has dismissed the demand by an aggrieved group within the party, the Restart PDP Group, urging the National Chairman, Senator Ali Modu Sheriff, and other members of the National Working Committee (NWC) to resign as baseless. Continue reading Move to oust Sheriff, NWC members frivolous – PDP

Buhari Advises African Oil Producers On Gas Infrastructure

President Muhammadu Buhari has called on African Petroleum Producers Association (APPA) to collaborate to ensure development of huge gas infrastructure on the continent. Continue reading Buhari Advises African Oil Producers On Gas Infrastructure

BREAKING: Nominating Wike for minister, worse decision I’ve made in my life – Amaechi

Speaking in an interview with Sunrise daily at Channels TV this morning, former governor of Rivers state and the present Minister of Transport, Chibuike Amechi, has revealed that nominating the present governor of the state, Nysom Wike as the then Minister of Education during Goodluck Jonathan’s administration was the worst decision he has made in his life.

The minister was answering questions on the present crisis bedeviling the state.

More details shortly…

Group petitions EFCC over alleged diversion of N1.5bn by FCT administration

An anti-corruption coalition, Civil Society Network Against Corruption (CSNAC), has urged the Economic and Financial Crimes Commission (EFCC) to commence investigation into the alleged diversion of N1.5 billion by the Federal Capital Territory administration. Continue reading Group petitions EFCC over alleged diversion of N1.5bn by FCT administration

EFCC to arrest Fani-Kayode, Falae, Udenwa, Nenadi, Onwuliri in alleged N3.145billion fraud

Investigators at the Economic and Financial Crimes Commission, said Monday they have uncovered evidence showing how prominent politicians, mostly from the opposition Peoples Democratic Party, allegedly shared N3.145billion in the build up to the last presidential election. Continue reading EFCC to arrest Fani-Kayode, Falae, Udenwa, Nenadi, Onwuliri in alleged N3.145billion fraud

PDP Group Asks Court to Sack Sheriff, Stop Convention

An aggrieved group within the Peoples Democratic Party (PDP), the Restart PDP Group, has approached the Federal High Court in Abuja to seek an order to compel Senator Ali Modu Sheriff as the national Chairman of Peoples Democratic Party (PDP) to vacate office by the end of March. Continue reading PDP Group Asks Court to Sack Sheriff, Stop Convention

Fashola Goes Tough on DisCos, Wants Meters Provided to Nigerians

The Federal Government has asked Electricity Distribution Companies (DisCos) in the country to immediately provide meters to Nigerians, insisting that it would no longer condone the situation where people pay for meters and fail to access them within a reasonable time-frame. Continue reading Fashola Goes Tough on DisCos, Wants Meters Provided to Nigerians

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