Lai Mohammed’s N500m suit against Metuh proceeds to trial

An High Court in Lagos has ruled that the N500 million libel suit filed by Alhaji Lai Mohammed, the Minister of Information and Culture against Olisa Metuh, a former Peoples Democratic Party (PDP) spokesman will proceed to trial. Justice Oluwatoyin Ipaye had on April 27, 2016 ordered Mohammed and Metuh to settle their dispute at the mediation... Read More

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lai mohammed, N500m, Olisa Metuh, suit, trial

July 19, 2017

‘Governor forfeits diverted N500m, $500,000’

A governor has forfeited N500 million he allegedly laundered in a mortgage bank to the Federal Government, The Nation reports. The EFCC’s application for the forfeiture of the funds was granted by a Federal High Court in Abuja. According to the newspaper, the fund is believed to have been diverted from the London-Paris Club refund.... Read More

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$500, 000, court, EFCC, forfeit, Governor, N500m

June 3, 2017

Paris Club refund: EFCC to ‘apply for interim forfeiture of $3m, N500m from two governors’

The Economic and Financial Crimes Commission (EFCC) is set to apply for interim forfeiture of $3 million and N500 million Paris refund money allegedly linked to two governors, The Nation reports. According to the newspaper, two suspects have been listed for trial in connection with the $3 million a governor allegedly laundered through a member... Read More

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$3M, EFCC, Interim forfeiture, Laundering, N500m, Paris Club Refund

March 21, 2017

How I gave PDP N500m, supported Obasanjo with N100m – Kalu

by Azeez Adeniyi Former Governor of Abia State, Orji Uzor Kalu has said if the Peoples Democratic Party was a company, he would own 90 per cent of its shares. spoke on Monday in Washington DC, United States of America, during a dinner. Kalu lamented his treatment by his former party, stating that he should... Read More

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N500m, olusegun obasanjo, Orji Uzor Kalu, PDP

February 11, 2017

Mimiko giving N500m ‘parting gifts’ to political office holders – APC

The All Progressives Congress (APC) in Ondo State has accused outgoing Governor Olusegun Mimiko of approving N500m to political office holders. Governor-elect, Rotimi Akeredolu is expected to take over on February 24 when Mimiko’s tenure expires on February 23. In a statement by its Publicity Secretary, Abayomi Adesanya said Mimiko approved “parting gifts” to political... Read More

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APC, N500m, Olusegun Mimiko, Parting gifts

January 21, 2017

‘Oyo, Osun pay LAUTECH N500m to end prolonged strike’

The governments of Oyo and Osun have reportedly paid Ladoke Akintola University of Technology (LAUTECH) N250m each to bring an end to the crisis in the higher institution, The Nation reports. A source privy to the payment said, “Yes, both states have paid the amount as promised and the sum is now in the kitty of the... Read More

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education, LAUTECH, N500m, olatunde bakare, Osun, Oyo

October 25, 2016

Lagos inaugurates N500m disability trust fund

The government of Lagos on Tuesday inaugurated the Governing Board of the Office for Disability Affairs to manage the N500million Disability Trust Fund. Speaking during the inauguration, Governor Akinwunmi Ambode said the board was established in fulfilment of his campaign promise. “The Board will also manage the Disability Trust Fund. In fulfillment of the promise I... Read More

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Akinwunmi Ambode, Disability Trust Fund, lagos, N500m

July 22, 2016

Just In: Kidnappers of Oniba of Iba demand N500m ransom

Kidnappers of the Oniba of Iba, Oba Yushau Goriola Oseni, have demanded a N500m ransom from his family, according to the News Agency of Nigeria. The kidnappers besieged the monarch’s palace at Iba area of Lagos around 11:30pm on Saturday whisking him away and escaping through the waterways. The gang reportedly killed his guard and... Read More

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kidnappers, lagos monarch, N500m, oniba of iba, ransom