Nig. Sovereign Investment Commits $500 Million To Infrastructure Devt

– Says it enabled over $1bn third party investments The Managing Director & Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Mr Aminu Umar-Sadiq, has disclosed that the Authority has committed $500 million to domestic infrastructure, whilst also enabling third party investments of

FG’s Fuel Subsidy Removal: Palliative Care A Mere Distraction From Government Inefficiency And Corruption

In recent weeks, our screens have been flooded with distressing videos depicting crowded palliative centers across Lagos State and some states across the nation. These scenes are hauntingly reminiscent of the fiasco that unfolded during the COVID-19 pandemic, as government aid meant to

UK Govt Slams Bribery, Oil Contract Fraud On Charges Diezani Alison-Madueke

Former Minister under Goodluck Jonathan administration, Diezani Alison-Madueke, aged 63, who also served as president of the Organization of the Petroleum Exporting Countries (OPEC), was a key figure in the Nigerian government between 2010 and 2015. The NCA suspects she accepted bribes during

Abuja Court Grants ₦500 Million Bail To Lagos Based Businessman Accused Of Bribing Policemen

In a bid to abide by his fundamental rights, a High Court of the Federal Capital Territory (FCT) in Maitama has granted N500 million bail to a Lagos businessman, Akintoye Akindele. Akindele was accused of offering N50m bribe to men of the Nigeria

Ex-Boko Haram Terrorists Storm Maiduguri, Protest Hunger, Poor Welfare

Some former members of the Boko Haram group protested in Maiduguri, the Borno State capital, at the weekend, alleging neglect by the government. This came as four commanders of the terrorist group,13 other fighters, and their 45 family members surrendered to troops of

Nigerian Police Turn Down ₦150 Million Bribe, Sues Businessman

The Nigerian police have sued the founder of Platform Capital Dr Akintoye Akindele for allegedly bribing the team that was investigating him. Akindele has been in police custody for about 3 weeks and was charged before the High Court of the FCT, Abuja

FBI Arraigns Nigerian, Sakiru Ambali, Over $25 Million Wire Fraud; Faces 30-Year mprisonment

Nigerian citizen extradited from Germany to face charges over attempt to steal $25 million in U.S. benefits. Allegedly successfully obtained over $2.4 million in pandemic unemployment benefits. One of two Nigerian citizens residing in Canada, who allegedly defrauded the pandemic unemployment benefit programs

Why NIRSAL CEO, Abbas Masanawa Was Sacked

The Chief Executive Officer of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, Abbas Masanawa, has been relieved of his exalted position. According to sources, Masanawa’ removal may not be unconnected with his alleged role in the corruption activities that rocked Nigeria’s

Tinubu Approves Establishment Of Presidential CNG Initiative; Targets Nationwide Adoption With Workshops For Smooth Transition To CNG-Fuelled Vehicles

President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) in what the Presidency says is in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs. “This transformative initiative

Insecurity: Retired Military Officer Faults Tinubu’s Choice Of Defence Ministers

A retired Squadron Leader of the Nigerian Airforce, Ben Williams, has expressed misgivings over President Ahmed Tinubu’s choice of politicians without expertise in security matters as ministers of Defence. He noted that Nigeria needs persons with core competence in areas of security to