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February 4, 2016

‘Military officers stashed arms funds in accounts of their wives, children’ – EFCC

The Economic and Finanacial Crimes Commission has traced some of the $2.1billion arms procurement funds to the accounts of wives and children of some former and serving military chiefs. The Nation reports that the EFCC may possibly restrict access to all the identified accounts before the end of the week. A source privy to details of the investigation was... Read More
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February 4, 2016

‘There’s something fundamentally wrong in the judiciary’ | Oyegun reacts to Supreme Court ruling

National Chairman of All Progressives Congress, John Oyegun, says there’s something fundamentally wrong with the judiciary. While reacting to his party’s loss of the Rivers State governorship seat to the opposition- People’s Democratic Party, the APC Chairman called for a probe of the judiciary. Speaking on Wednesday, in a meeting with the delegation of the APC from Rivers... Read More
February 4, 2016

How Bishop, Bank MD defrauded 64,000 people of N11.5bn

The Managing Director of Dadin Kowa Microfinance Bank Limited, Irmiya Jatau and the Bishop of Maranatha Church, Jonas Katung have been slammed with 24 counts of fraud. The cleric and banker were on Wednesday, arraigned by the Economic and Financial Crimes Commission, before the Federal High Court sitting in Jos, Plateau State. The pair were remanded in prison... Read More
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February 4, 2016

169 companies, who got N1trn worth of rail contracts, ‘are nowhere to be found’

The Federal House of Representatives Ad Hoc Committee on Failed Rail Contracts made a shocking conclusion on Wednesday, February 3, during the investigative hearing into the Nigeria Railway Corporation. The federal lawmakers asserted that 169 ghost companies were registered as contractors with the NRC, for projects valued at N1 trillion. During the hearing at the... Read More
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February 4, 2016

$2.1bn arms funds: Thisday boss, Nduka Obaigbena returns N350m to EFCC

Publisher and Editor in chief of Thisday Newspaper, Nduka Obaigbena, has reportedly returned N350m to the Economic and Financial Crimes Commission. Obaigbena was said to have paid the money to the anti-graft agency on Tuesday, February 2. Punch Newspapers reports that an operative of the commission made the disclosure on Wednesday. The publisher had a... Read More
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February 4, 2016

FG recovers $14m from Jide Omokore’s Atlantic Energy

The Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Jide Omokore has reportedly paid over $14m, worth of crude oil royalty to the federal government. The company which was incorporated in 2010, was controversially awarded oil assets by the Goodluck Jonathan government. Omokore is widely believed to have been an ally of the former President and also has... Read More
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February 4, 2016

BREAKING: Supreme Court upholds Emmanuel Udom’s election as Akwa Ibom governor

The Supreme court has upheld the election of Governor Emmanuel Udom of Akwa Ibom state. The court delivered its ruling late on Wednesday, stating that Governor Emmanuel won the lawfully cast votes- in the process, setting aside the earlier ruling of the two lower courts. The Court also upheld Governor Emmanuel’s Appeal challenging the cancellation of the... Read More
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February 3, 2016

‘Buhari has not sidelined the South East in any way’

The All Progressive Congress, APC in Abia state has rubbished claims that President Buhari has marginalized the Igbo race. A chieftain of the party, Ephraim Iroakazi, while speaking with journalists in Umuahia, stated that Buhari has given the Igbos what is due to them. He further noted that the Igbos have the opportunity to benefit from the government instead... Read More
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February 3, 2016

‘We have moved beyond’ pipeline attacks – Ijaw Youth Council

Ijaw Youth Council Worldwide have warned against further attacks of oil installations and pipelines in the Niger Delta region. The youths described those behind the attacks on pipelines in Delta and Bayelsa States as enemies of the region, stressing that they should be arrested and treated like common criminals. The IYC also appealed to the Federal Government... Read More
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February 3, 2016

Ciara to headline Darey’s ‘Love Like A Movie 3’

R&B singer, Darey Art=Alade has revealed that the third edition of his annual concert, Love Like a Movie will hold on 28 February, and will feature Grammy award winning American singer, Ciara. Love Like A Movie has recorded two hugely successful editions in 2013 and 2014 that featured global superstars, Kim Kardashian and Kelly Rowland. The show- which will... Read More
February 3, 2016

Arms fraud scandal: Panel forwards new list to EFCC

A panel set up by the federal government to investigate arms procurement between 2007 and 2014 on Tuesday forwarded another report to the Economic and Financial Crimes Commission (EFCC). It would be recalled that the panel’s first report, submitted to President Muhammadu Buhari, led to the arrest of former National Security Adviser, Sambo Dasuki and... Read More
The News Blog
February 3, 2016

‘Jonathan did what no Nigerian has ever done’ – Buhari tells the European Union

President Buhari has commended the gesture of the former president Goodluck Jonathan on relinquishing power after losing the 2015 general election which ensured that Nigeria remained peaceful despite predictions of tension before the elections. The president lauded Jonathan while speaking at the European Union parliament’s plenary session in Strasbourg, France on Wednesday, February 3 while further stating... Read More
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February 3, 2016

Another Bristow helicopter with ’13 people aboard’ crashes in Lagos

Another Bristow helicopter has reportedly crashed in Lagos. It was gathered that the chopper disappeared from radar after it took off from the Murtala Muhammed Airport, Ikeja on Wednesday morning. The Port Harcourt-bound helicopter is suspected to have crashed into the Lagos lagoon. It was reported that all 13 passengers on-board survived as they floated on... Read More
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February 3, 2016

‘I will reply Obasanjo using the right platform’ – Saraki

The Senate President of Nigeria, Olubukola Saraki, has stated that the National Assembly is making moves to ensure that there is transparency in its budgeting. In recent times, the legislative arm has come under heavy bashing from critics and most notably, ex-president Olusegun Obasanjo for the unusual nature of the budgeting of the National Assembly. The... Read More
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February 3, 2016

Pat Utomi @ 60: Young entrepreneur wins N1m in Business Plan competition [DETAILS]

The Enterprise Development Centre- as part of celebrations commemorating the 60th birthday of iconic academician, Pat Utomi- has rewarded three young entrepreneurs who took part in the Business Plan Competition set up by the organization. The EDC announced the three frontrunners in the competition at an event themed Youth, Entrepreneurship and Leadership Summit on Tuesday, February... Read More
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February 3, 2016

Jude Egbas: Why Buhari should have prioritised a visit to Borno ahead of Ogun

Last weekend, something grisly happened in Dalori, a farming community which lies some 12 kilometers off Maiduguri, the Borno State capital. Boko Haram terrorists arrived in Golf cars and motorbikes laden with explosives and petro-bombs; and set the entire community ablaze. Dalori was a graveyard by the time the terrorists left town–100 corpses have been... Read More
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