Former governor of Taraba State, Darius Ishaku was on Thursday admitted to bail in the sum of N150 million by a Federal Capital Territory, FCT, High Court in the alleged N27 billion fraud charge brought against him by the Federal Government. The former governor was granted bail by Justice Sylvanus Oriji with two sureties in...
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LANDGRABBER’S DOWNFALL: Man Sentenced to 8 Years in Prison for Swindling Man of N62 Million over Fake Land Deal
An Ikeja Special Offences Court, on Wednesday, sentenced a man, Abodurin Abozo, to eight years imprisonment for defrauding a man of N62 million on the pretext of procuring him two plots of land. Justice Ismail Ijelu held that the Economic and Financial Crimes Commission, EFCC proved the two-count charge of obtaining false pretences and stealing...
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FCT Police Bust Notorious Kidnapping Gang, Recover Stolen Firearms and Ammunition
Operatives of the Federal Capital Territory, FCT Police Command have arrested four criminal elements terrorizing the territory. A statement on Thursday by the command’s spokesperson, SP Josephine Adeh said the suspects are notorious kidnappers responsible for several killings and kidnappings in the nation’s capital. According to the statement, the criminals suspected to be bandits have...
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Nigerian Students Slam NECO Over N50,000 Certificate Reprint Fee
The National Association of Nigerian Students (NANS) has rejected the N50,000 fee imposed by the National Examination Council (NECO) for the reprinting of certificates. UGAMATV reports that the new policy was announced in a statement by Dantani Wushishi, the Registrar of NECO in Minna, Niger State. According to the statement, the N50,000 fee for certificate...
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Lookman Makes History with Dazzling Double Act Against Shakhtar Donetsk
Ademola Lookman equalled Duvan Zapata’s UEFA Champions League record for Atalanta after his goal and assist against Shakhtar Donetsk on Wednesday night. Gian Piero Gasperini’s side defeated the Ukrainians 3-0 in the matchday two encounter. Lookman set-up Berat Djimsiti for the opening goal after 21 minutes. The Nigeria international then doubled Atalanta’s lead one minute...
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Naira Plunges to Record Low Against Dollar After Independence Day Holiday
The Naira depreciated significantly against the Dollar at the foreign exchange market upon resumption of trading after Nigeria’s 64th Independence Day holiday. FMDQ data showed that it weakened to N1669.19 per dollar on Wednesday from N1541.94 exchanged on Monday. This represents an N127.25 loss against the dollar compared to the N1541.94 traded on Monday. Meanwhile,...
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Military Contractors May be Key to Defeating Insurgents, – Ndume tells Tinubu
Ali Ndume, the senator representing Borno South in the National Assembly, has called on President Bola Tinubu to consider hiring military contractors to aid in the fight against insurgents and bandits. This recommendation follows a recent attack on the Ngoshe community in Gwoza Local Government Area (LGA) of Borno, which resulted in the death of...
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EFCC witness admits currency redesign was good for the economy while being cross-examined during Emefiele’s trial
Mr. Folashodun Shonubi, former Acting Governor of the Central Bank of Nigeria (CBN), testified in court during cross-examination that the Naira redesign was intended to tackle currency counterfeiting, curb hoarding, and improve the overall state of the Nigerian economy. Shonubi made these remarks on Wednesday, October 2, during the resumed hearing of currency redesign-related charges...
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EFCC Arrests 33 Suspects for Internet Fraud, Recovers Fake Dollar Bills, Pharmacist Stamps in Port Harcourt
Operatives of the Port Harcourt Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested 33 suspected internet fraudsters in Port Harcourt, Rivers State. The anti-graft agency disclosed this in a statement released today, October 2. The suspects were arrested in their hideouts around Iwofe and Ogboro axes of Port Harcourt in a...
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Nigerian govt removes VAT on cooking gas, CNG, diesel and Other Energy Products
The Federal Government has announced the removal of the Value-Added Tax on Liquefied Petroleum Gas (cooking gas), Compressed Natural Gas, Automotive Gas Oil(Diesel) and other reliefs to boost investment and tackle economic hardship in the country. It also announced VAT reliefs for the importation of key energy products and infrastructure, including diesel, feed gas, electric...