EFCC recovers $6bn, N1trn assets forfeited

EFCC recovers $6bn, N1trn assets forfeited

The Chairman of the Economic and Financial Crimes Commission, EFCC, Mrs. Farida Waziri, has said the agency has so far recovered over $6 billion from top political and economic operators in the country since its inception with $3.5bn recovered in the last 18 months.
Visible Articles 5 10 15
Youths rally for Ibori in Warri, Eku

Youths rally for Ibori in Warri, Eku

THOUSANDS of youths from the five ethnic nationalities that make up Delta State, yesterday, staged a massive protest against alleged continued harassment of the former Governor of Delta State, Chief James Onanefe Ibori.
Also, youths of Ethiope East Local Government Area of the state, protested at Eku for the same purpose.

N1trn oil industry debt threatens economic recovery

N1trn oil industry debt threatens economic recovery

NON-performing oil and gas industry loans in excess of one trillion naira incurred by the Nigerian National Petroleum Corporation, NNPC, and petroleum products importers appears to be a stumbling block in efforts by the Central Bank of Nigeria, CBN, to steer the economy out of the woods.

Welcome Sovereign Wealth Fund

Welcome Sovereign Wealth Fund

New Minister of Finance, Mr. Olusegun Aganga, recently disclosed that the Excess Crude Account would soon be abolished to give way to the creation of a Sovereign Wealth Fund.

PDP’s lawlessness worries Jonathan

PDP’s lawlessness worries Jonathan

ACTING President Goodluck Jonathan admitted that the problems confronting the PDP could be attributed to lack of adherence to the party’s constitution by members, just as he said that challenges in the party were part of democratic setting and helped it to work in unison.

N15bn scam: Judge hands-off trial of Adamu, others…alleges scandalization of his name

N15bn scam: Judge hands-off trial of Adamu, others…alleges scandalization of his name

The presiding judge in the trial of former governor of Nasarawa State, Alhaji Abdulahi Adamu, Justice Marcel Awokulehin, yesterday, voluntarily withdrew from presiding over the N15 billion fraud instituted against Adamu and 18 others by the Economic and Financial Crimes Commission, EFCC, citing personal reasons and conformity with his conscience. Accordingly, Awokulehin said he would return the case file to the Chief Registrar of the Federal High Court who would re-assign the case to another judge.