Six contractors, who allegedly played prominent roles in the over N1 trillion railway construction and rehabilitation contracts, are to refund over N2.5 billion to the federal coffers. This was disclosed, yesterday, at the continuation of hearing of the House of […]
Abuja Division of the Federal High Court has restrained the Senate and the Inspector-General of Police, Mr. Solomon Arase, from arresting the former Chairman of Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde, over his alleged complicity in N1 […]
With concerns over 2016 deficit funding, the Federal Government is looking at raising over N1 trillion from plugging revenue loopholes as pressures mount against the revenue estimates in the 2016 budget. This will be coming in addition to plans to […]
MTN Group CEO Sifiso Dabengwa has arrived in Nigeria to negotiate with the Federal Government over the N1.04trn fine imposed on the telecom firm by the Nigerian Communications Commission (NCC) ) for violating its directive on SIM deactivation. Dabengwa, who […]
The arms purchase probe panel that was set up by President Muhammadu Buhari to probe contracts executed during the administrations of late President Umaru Musa Yar’Adua to former President Goodluck Jonathan, has started sitting with not less than 13 allegedly […]
Intense pressure from the Peoples Democratic Party (PDP) Senate caucus notwithstanding, the Senate is pushing ahead with the investigation of the Chairman of Economic and Financial Crimes Commission (EFCC) Ibrahim Larmode over alleged diversion of a whopping N1 trillion. The […]
Members on Monday appeared divided over the planned probe of the Chairman of the Economic and Financial Crimes Commission, Ibrahim Lamorde, over alleged diversion of stolen funds recovered from looters. While the Senate leadership said the probe would proceed as […]
The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a report captioned, Alleged N1tn diversion: Senate to probe Lamorde’s alleged diversion of N1tn, which appeared in The Punch Newspaper of Monday August 24, 2015 containing salacious claims of corruption against the […]
All Progressives Congress Presidential Campaign Organization, APCPCO, Monday, accused President Goodluck Jonathan of shifting N1 trillion from the public coffers to fund his campaigns of buying over traditional rulers and some major interest groups. The APCPCO also said part of […]
