• N8bn CBN scam: Fresh application for plea bargain stalls trial

    N8bn CBN scam: Fresh application for plea bargain stalls trial

    Justice Joyce Abdulmaleek of the Federal High Court, Ibadan on Thursday adjourned till December 6 hearing in the plea bargain process between Olunike Afolabi and the Economic and Financial Crimes Commission in the ongoing N8 billion Central Bank of Nigeria currency scam case.

    Afolabi, Kolawole Babalola, Adeola Olaniran, Philip Togun and Adewale Ademola along with others had since 2015 been standing trial over multiple charges bordering on conspiracy, forgery, stealing and recirculation of N8 billion, property of the CBN.

    Abdulmaleek adjourned the […]

  • Senate probes CCB for dumping N8bn site for N9bn building

    Senate probes CCB for dumping N8bn site for N9bn building

    It was gathered that the Senate on Tuesday launched a probe into the alleged abandonment of an N8bn Code of Conduct Bureau permanent site under construction for the purchase of a building valued at N9bn.

    The lawmaker representing Kogi-West Senatorial District, Senator Dino Melaye, who moved the motion for the probe during the day’s plenary, alleged that after the CCB got an approval from the National Executive Council to build its permanent site, the contract for its permanent site was reviewed […]

  • Erosion threatens structures worth N8bn in polytechnic

    Erosion threatens structures worth N8bn in polytechnic

    Gully erosion measuring over 10 metres at the extension site of the Federal Polytechnic, Oko, Anambra State is now threatening about N8 billion worth of structures in the area.

    This was contained in a statement by the institution’s Public Relations Officer, Obini Onuchukwu, and made available to newsmen in Awka.

    Onuchukwu said the erosion was an extension of the serious Agulu/Nanka erosion site, which has become a menace to the people of the area.

    He noted that the entire run-off from the institution […]