Kwara state PDP on Sunday asked members of the Nigerians Senate and the House of Representatives from the state to come clean about the bags of rice received from the Federal Government which were meant to be distributed to their respective constituents ahead of the yuletide. The party condemned in strong terms the alleged diversion and sale of the bags of rice in question describing this as unfortunate. Recall that the Federal Government had taken steps to ease things for the citizens following the removal of petrol subsidy and its concomitant economic hardships. Apart from the concessionary travel scheme introduced…
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A mother-of-three from Jamaica with five years of service to the NHS lost her nursing qualifications and has spent more than £40,000 in visa fees to remain in the UK after she was prosecuted for buying what she thought was a dead person’s passport and living a second life as someone else 23 years ago. After moving to the UK in 2000 with her two eldest children, Grace Walford, a 55-year-old care worker from Leicester who worked on the front line during the Covid pandemic, said she made a mistake which would ultimately cost her career, her home and almost see her…
The Presidency has initiated an investigation into the transfer of a N585.189 million grant intended for vulnerable groups in Akwa Ibom, Cross River, Ogun, and Lagos states. The funds were reportedly diverted into a private account, sparking public outcry and demands for accountability. Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, faces calls for her resignation as civil society organizations question her role in directing the payment. In a leaked document addressed to the Office of the Accountant-General of the Federation, Edu allegedly instructed the disbursement of the funds into Bridget Mojisola Oniyelu’s private account. Special Adviser to…
Fresh facts seen by BusinessDay have unveiled the length at which Nigerian National Petroleum Company (NNPC) Ltd went to secure a $3.2 billion loan from the African Export-Import Bank (Afrexim). This unique financing arrangement, dubbed “Project Gazelle,” is structured as a Special Purpose Vehicle (SPV)-based Prepayment Facility (PXF), backed by a crude oil allocation from the royalties and tax entitlements of the Nigerian government, a first of its kind in Africa’s biggest economy. “The facility is uniquely backed by Production Sharing Crude (PSC) i.e. (Federation) Royalty and Tax Oil (1st of its kind),” a document detailing the deal between NNPC…
Nigerian National Petroleum Co. Ltd. (NNPC) has dismantled dozens of unauthorized oil pipelines and refineries in different parts of Nigeria during a year-end week-long operation, the national oil and gas company said. Authorities uncovered 42 refineries and 14 illegal pipelines operating in the Niger Delta between December 23 and 29, NNPC said in a video report Tuesday. One illegal oil storage site was also discovered. Ten incidences of pipeline vandalism, eight cases of infraction of vessel automatic identification system and four oil spills were also recorded during the operation, under NNPC’s campaign to stop oil theft. Eighteen persons have been…
he Federal Government is partnering with a Chinese company, Luan Steel Holding Group, to construct a new Steel Plant in Nigeria and deploy the moribund Ajaokuta Steel Plant to produce military hardware. This pivotal development was at the forefront of discussions during a recent visit by a delegation, including the Minister of Steel Development, Prince Shuaibu Abubakar Audu, the Minister of Defence, Alhaji Mohammed Badaru, and the Permanent Secretary of the Ministry of Steel Development, Dr. Mary A Ogbe in their tour of Luan Steel Holding Group in Hefei and Guangzhou Regions of China. In a statement signed by the…
The founder of financial technology company Tingo Group was charged with securities fraud in New York, accused of orchestrating a massive scheme to inflate the company’s finances. Federal prosecutors said Mmobuosi Odogwu Banye, also known as Dozy Mmobuosi, artificially boosted financial statements to make Tingo and its subsidiaries appear cash-rich. He allegedly directed an employee to give false bank statements to Nasdaq to list Tingo Mobile shares on the exchange in 2020 and then generated millions of dollars in profit by selling shares at inflated prices, the US claimed. “With this indictment Mmobuosi’s alleged deceitful scheme comes to an end,” Southern District of New…
The Nigerian Association of Manitoba has expressed its sorrow at the death of Afolabi Stephen, a 19-year-old Nigerian student, who was shot and murdered by police on December 31, 2023. In a statement released on its website (winnipeg.ca), the Winnipeg Police Service stated that its officers responded to “a 911 call regarding a male acting erratically.” The statement read: “On December 31, 2023, at approximately 2:22 pm, the Winnipeg Police Service responded to an apartment suite in the first 100 block of University Crescent for a 911 call regarding a male acting erratically. The caller advised the male may be…
A company owned by the prime minister’s wife which received almost £350,000 of UK grant money is now being wound up, it has been revealed. Pat McFadden, Labour’s national campaign co-ordinator, has written to the Government amid reports that Akshata Murty’s investment company Catamaran Ventures UK will be liquidated. Murty’s company made headlines in May last year, when it was revealed by the Sunday Times that it held shares in Study Hall, an education start-up which had received almost £350,000 of UK grant money. Senior Labour frontbencher Mr McFadden drew attention to a notice on the London Gazette, the official…
