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1Malaysia Development Berhad
Former Malaysian Prime Minister Najib Razak has denied corruption charges over the disappearance of millions of dollars from the 1MBD state investment fund, as part of a graft probe while he was in office.
A former Malaysian Prime Minister, Najib Razak, was arrested on Tuesday, three sources familiar with the matter told Reuters, following an investigation into how billions of dollars went missing from a state fund he founded almost a decade ago.
Malaysia has frozen over 400 bank accounts as part of a probe into a multi-billion-dollar scandal at state fund 1MDB, a task force said on Monday, as the stepson of former prime minister Najib Razak was summoned for questioning.
Malaysian police said the total value of the bags of cash, jewellery, luxury purses, watches and other items seized from premises linked to former prime minister Najib Razak totalled up to $273m.
Malaysian police said on Friday that cash worth 114 million ringgit (28.6 million dollars) and over 400 luxury handbags were seized from several apartments as part of an anti-graft probe into a state fund founded by former premier Najib Razak.
Malaysian Prime Minister Mahathir Mohamad on Monday, blamed previous government led by former protege Najib Razak for the one trillion ringgit (251.70 billion dollars) in debt.
Handbags stuffed with cash, a number of jewellery items and hundreds of expensive purses were among the items seized from apartment units and homes owned by former Malaysian Prime Minister Najib Razak's family, during the second night of police raids in Kuala Lumpur.
Malaysian police teams have raided two residences of former Prime Minister Najib Razak in Kuala Lumpur late on Wednesday, with searches still continuing into Thursday.
Malaysian authorities barred ousted Prime Minister Najib Razak and his wife from leaving the country on Saturday, amid reports that the government was reopening investigations into a multi-billion-dollar graft scandal at a state fund he founded.
US President Donald Trump has invited Malaysian Prime Minister Najib Razak to Washington, officials said Thursday, despite a Justice Department investigation into a major corruption scandal that has ensnared the leader.
The principals have chosen to speak as there were concerns that Volpi’s press release implied that they, Whitmore Limited, had a total indebtedness of $680 million.
National Leader of the All Progressives Congress, (APC) Sen. Bola Tinubu, on Sunday said the election of Dr Kayode Fayemi in Saturday’s gubernatorial poll was a victory for the people.
Femi Kuti has spent his life railing in song against the ills holding back Africa. But these days he is feeling some optimism.
Oyo State Governor, Senator Abiola Ajimobi, has described the victory of Dr. Kayode Fayemi in the just-concluded gubernatorial election in Ekiti State as a demonstration of the people’s trust in the All Progressives Congress (APC) as a party that has the capacity to liberate the state from mis-governance and gross under-development.
The Edo State Chapter of the All Progressives Congress (APC), held a victory rally to celebrate the success of the party’s candidate in Saturday’s governorship election in Ekiti State, Dr. John Kayode Fayemi, who has been announced winner of the polls.
Kingsley Moghalu, a presidential aspirant of the Young Progressives Party (YPP), says what Nigerians need is a generational shift in governance and not allegiance to “same old career politicians”.
This was disclosed by the minister of power, works and housing, Babatunde Fashola, after the federal executive council meeting presided over by President Muhammadu Buhari at the Presidential Villa.
Archbishop of Canterbury Justin Welby, the spiritual leader of the world’s Anglicans, will lead the service at the Chapel Royal with close friends and family in attendance.
Youth Initiative for Advocacy, Growth and Advancement (YIAGA AFRICA) has said it is employing parallel vote tabulation (PVT) methodology to complement the efforts of the Independent National Electoral Commission (INEC).
The Nigeria Police Force has assured electorates in Ekiti State ahead of the July 14 election that the police will ensure adequate security noting that the force does not belong to any political party.