by Azeez Adeniyi Former Managing Director, Operations at the Nigerian National Petroleum Corporation (NNPC), Esther Nnamdi-Ogbue has denied ownership of huge sum of money discovered by the Economic and Financial Crimes Commission (EFCC) at an Ikoyi apartment on Wednesday. There had been reports that the $38m, N23m, and £27,000 discovered by the agency belonged to... Read More

$50m, EFCC, Ikoyi apartment, MD, nnpc, owner

September 21, 2016

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N6.8bn NAMA fraud: Trial suffers setback due to judge’s absence

The Federal High in Lagos on Wednesday could not sit for the trial of former Managing Director of Nigerian Airspace Management Agency, Ibrahim Abdulsalam, facing N6.8 billion fraud, due to absence of the judge. Abdulsalam was charged by the EFCC for allegedly diverting the agency’s N6.8bn for personal use alongside 6 others. Others are Adegorite... Read More

The News Blog

EFCC, Ibrahim Abdulsalam, MD, N6.8bn fraud, NAMA, Nigerian Airspace Management Agency

May 29, 2016

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Fidelity Bank MD released from EFCC custody

Embattled Managing Director of Fidelity Bank, Nnamdi Okonkwo, has been released from the custody of the Economic and Financial Crimes Commission (EFCC). It would be recalled that Okonkwo was arrested last Wednesday for his alleged role in laundering $153 million for former Minister of Petroleum Resources, Diezani Alison-Madueke. According to Punch, who spoke to a... Read More

The News Blog

Alisson-Madueke, court, EFCC, Fidelity, MD, Okonkwo, released

August 18, 2015

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Buhari takes his broom to AMCON, dissolves management, appoints MD

President Muhammadu Buhari’s broom has landed at the Assets Management Management Corporation of Nigeria. He dissolved the Executive Management Team of the corporation on Tuesday. The order of dissolution was made through a statement released by President Buhari’s Special Adviser on Media and Publicity, Femi Adesina. The corporation’s new management team, according to the Presidency is: Ahmed... Read More

The News Blog

abdullahi sacked by jonathan, AMCON, Management team, MD, president buhari

June 15, 2015

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Irene Nwaukwa: No bailouts for “onigbese” Governors, please!

by Irene Nwaukwa A bailout from FG will punish the entire country for the excesses of these states. It will greatly affect our economy and is unfair to states that have performed better. It’s equivalent to taking a state problem and making it a national problem. So… let’s talk about this bailout since this subject... Read More

bailout, CBN, irene nwaukwa, MD, opinion, salaries, states governors, ynaija