• Abakaliki Rice Mill Limited agrees to relocate to new site

    Abakaliki Rice Mill Limited agrees to relocate to new site

    According to reports, the Abakaliki Rice Mill Limited has finally agreed to relocate from its present site to a new mill as directed by the state government.

    The News Agency of Nigeria recalls that the relocation issue pitched the company against the immediate past Ebonyi State Government, which made it seek litigation at the National Industrial Court.

    The company withdrew the matter from court and decided to engage in dialogue with the present administration.

    The state government has also acquired the United Nations […]

  • Reuben Abati agrees to refund N5 million to EFCC

    Reuben Abati agrees to refund N5 million to EFCC

    A former presidential spokesman, Reuben Abati, has told the Economic and Financial Crimes Commission that he only has N5 million to reimburse the government.

    Mr. Abati was detained when he reported at the EFCC headquarters a week ago.

    During the interrogation, he reportedly admitted receiving N50 million from a former National Security Adviser, Sambo Dasuki.

    The government said the money was part of $2.1 billion earmarked for the purchase of arms for the fight against Boko Haram.

    Mr. Dasuki is standing trial for allegedly […]

  • Ekweremadu agrees to stand surety for Metuh over alleged N400m fraud

    Ekweremadu agrees to stand surety for Metuh over alleged N400m fraud

    Embattled National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh, who is facing trial over alleged N400million fraud, on Monday, prayed the Federal High Court in Abuja to allow the Deputy Senate President, Ike Ekweremadu, to stand surety for him.

    Metuh is answering to a seven-count charge the Economic and Financial Crimes Commission, EFCC, preferred against him and his firm, Destra Investment Limited.

    The anti-graft agency alleged that the defendants had prior to the 2015 presidential election, received N400m […]

  • $2.1bn arms deal: FG finally agrees to consolidate charges against Dasuki, others

    $2.1bn arms deal: FG finally agrees to consolidate charges against Dasuki, others

    According to reports, the Federal Government has finally agreed to consolidate the criminal charges filed against a former National Security Adviser, Col. Sambo Dasuki (rtd) and others before two different High Courts of the Federal Capital Territory judiciary.

    This followed a complaint by the former NSA that putting him on trial in two different courts on the same issues would be prejudice and cause double jeopardy.

    Recall that ECOWAS Court yesterday ordered the immediate release of Dasuki from detention.

    At the resumption of […]

  • FG agrees one-month ceasefire with Niger Delta militants

    FG agrees one-month ceasefire with Niger Delta militants

    According to reports, the Federal Government has agreed a one-month ceasefire with militants including the Niger Delta Avengers in the oil-producing region, a petroleum ministry official said on Tuesday.

    Reuters reported that militant groups including the Avengers, who have claimed responsibility for several attacks on oil and gas facilities in recent weeks, could not immediately be reached for comment.

    The militants said they want a greater share of Nigeria’s oil wealth to go to the impoverished Niger Delta region.

    Crude sales make up […]

  • EFCC grills Sheriff, agrees to return N40m campaign fund

    EFCC grills Sheriff, agrees to return N40m campaign fund

    The Economic and Financial Crimes Commission on Wednesday grilled the embattled National Chairman of the Peoples Democratic Party, Ali Modu Sheriff, for about seven and a half hours over the N40 million campaign fund he received for former President Goodluck Jonathan’s reelection bid.

    Sheriff, as reported on Wednesday, was invited by the EFCC to appear before its operatives at its Maiduguri, Borno State office.

    He was said to have arrived at the office at about 10am.

    He was only released on administrative bail […]

  • Breaking! MTN agrees to pay $1.7bn NCC fine

    Breaking! MTN agrees to pay $1.7bn NCC fine

    South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a “full and final settlement” over its failure to disconnect unregistered mobile phone users.

    The Johannesburg-based company said in a statement that “MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years.”

    Africa’s biggest wireless operator was fined $3.9 billion last year and has since been in negotiations with the Nigerian government over the size of […]