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Africa’s Richest Man Aliko Dangote Offers To Sell 650,000 BPD Refinery To Nigeria’s NNPC Amid Monopoly Allegations

9 months ago1188 min

Aliko Dangote, Africa’s wealthiest individual, is considering a sale of his oil refinery to the Nigerian National Petroleum Company Limited (NNPCL). The refinery, which has a capacity of 650,000 barrels per day and has been operational since last year, has faced challenges in securing crude oil supplies from international producers. This development comes as Dangote navigates a dispute with a key equity partner and ongoing regulatory issues in Nigeria. Dangote has expressed his commitment to...

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High Court Directs Nigeria’s Information Ministry, Ex-Minister Lai Mohammed To Disclose Details Of Agreement Reached With Twitter After 2021 Ban

9 months ago1469 min

A Federal High Court in Lagos has ordered Alhaji Lai Mohammed, former Minister of Information and Culture and the information ministry to disclose the details of the agreement between the Nigerian Government and X, formerly Twitter.   This is to assess whether the agreement complies with the exercise of Nigerians’ human rights online.   The judgment was delivered in May 2024 by Hon. Justice Nnamdi Okwy Dimgba following a Freedom of Information suit number: FHC/L/CS/238/2022,...

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BREAKING: Court Orders Nigeria’s Electoral Body, INEC To Publish Audited Election Expenses Of Political Parties, Others

12 months ago1766 min

    A Federal High Court in Akure, Ondo State capital, on Thursday,  granted an Order of Mandamus compelling the Independent National Electoral Commission (INEC) to publish the 2021 and 2022 Audited Financial Statements. The court also granted an Order of Mandamus to publish the Audited 2023 election-related incomes and expenses of all the registered political parties in Nigeria. The presiding judge, Hon. Justice T.B. Adegoke gave the order while delivering judgment in Suit FHC//AK/CS/72/2023...

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Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria’s Central Bank

12 months ago1316 min

The Governor of the Central Bank of Nigeria Olayemi Cardoso says the naira’s recent sharp rise is a positive verdict on policy action to curb inflation, not because the authorities have been intervening in its support. A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging...

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Nigeria’s EFCC Uncovers Fraud In Management Of Recovered Abacha Loot, COVID-19 Funds, World Bank Loan By Humanitarian Ministry

12 months ago1263 min

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission, (EFCC) says it has uncovered other fraudulent dealings involving COVID-19 funds, the World Bank loan, and recovered funds looted by the late dictator, Sani Abacha. EFCC said the funds were released to the Ministry of Humanitarian Affairs, Disaster Management and Social Development by the Federal Government to execute its poverty alleviation mandate.  The anti-graft agency said this in a statement released on Sunday, signed by its...

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Over 20 Abducted Students Of Nigeria’s Federal University Gusau, Corps Members Regain Freedom In Zamfara After Over 200 Days In Terrorists’ Den

12 months ago1314 min

Some of the parents, who spoke on condition of anonymity, had earlier disclosed that several attempts they made to secure the release of their children failed. A group of terrorists who abducted several students of the Federal University, Gusau in Zamfara State, who were abducted on September 22, 2023, finally released those remaining in captivity on Sunday.   A cousin of one of the female students confirmed this to SaharaReporters on Monday morning, adding that...

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BREAKING: Nigeria’s Anti-Corruption Agency, EFCC Arrests Popular Cross-dresser, Bobrisky In Lagos

1 year ago1085 min

    A popular cross-dresser, Okuneye Idris Olanrewaju, popularly known as Bobrisky was arrested on Wednesday evening by personnel of the Economic and Financial Crimes Commission (EFCC) in Lagos State. This was confirmed by the agency’s spokesman, Mr Dele Oyewale in a telephone conversation with SaharaReporters on Thursday morning.   According to the EFCC spokesman, Bobrisky was arrested for mutilation of naira notes and not for his lifestyle as a cross-dresser.       “It...

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EXCLUSIVE: Nigeria’s Anti-Corruption Agency, EFCC Grills University Of Jos’ VC, Prof. Tanko Over Alleged N355Million Fraud
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EXCLUSIVE: Nigeria’s Anti-Corruption Agency, EFCC Grills University Of Jos’ VC, Prof. Tanko Over Alleged N355Million Fraud

1 year ago12211 min

The Economic and Financial Crimes Commission has grilled the Vice-Chancellor of the University of Jos in Plateau State, Prof. Ishaya Tanko over alleged fraud.   EFCC in a letter dated March 19, 2024, signed by Adebayo Adeniyi, Zonal Commander, Abuja, invited the VC for questioning.   The commission requested the VC to come with Dr. Yusuf Abdullahi, the University’s Deputy Dean of Student Affairs to attend an interview with the undersigned through the Head CTGI-P5.1,...

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One Of Nigeria’s Poorest States, Jigawa Subsidises Hajj Fare For Intending Pilgrims

1 year ago1133 min

The National Bureau of Statistics (NBS) in its 2022 Multidimensional Poverty Index (MPI), ranked Jigawa State among the six poorest states in Nigeria with 4.3 percent. The Jigawa State Governor, Umar Namadi, has approved N1 million as a subsidy for each of the state’s intending pilgrims for the 2024 Hajj fare.   This was made known to journalists in Dutse, the state capital by the Director-General of the Jigawa State Pilgrims Welfare Board, Alhaji Ahmed...

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EXCLUSIVE: National Steel Council Uncovers ‘Over N1Billion Fraud’, Asks Nigeria’s Steel Development Minister To Suspend Executive Secretary, Musafari Pending Probe Conclusion 

1 year ago11513 min

The National Steel Council (NSC) in Abuja has informed Minister of Steel Development, Shuaibu Abubakar Audu, of an alleged over N1 billion fraud that it linked to its Executive Secretary, Ambassador Abdulqadir Musafari. The council, in a March 15, 2024 letter, told the minister that Musafari had allegedly “failed, refused and/or neglected to avail the Council of any information concerning his activities on behalf of the council, if duly authorized.” It advised that the Executive...

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