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Aluminum Smelter Company of Nigeria (ALSCON)

ALSCON: BFI Group to reinstate $2.8 billion US suit against federal government

There are indications that the Federal Government may yet be engaged in another embarrassing legal battle involving BFI Group, which, newsmen gathered, has perfected plans to reinstate a $2.8 billion U.S. law suit over the activation of the Share Purchase Agreement (SPA) on the Aluminium Smelter Company of Nigeria (ALSCON), in Ikot Abasi, Akwa Ibom State, to Dayson Holding/UC RUSAL against the Supreme Court’s judgment of July 6, 2012.
Mr. Haruna Momoh, a former managing director of the Pipelines and Product Marketing Company (PPMC), and his wife, Eileen have berated the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and accused it of mischief following its claim that it obtained an interim injunction to seize about N2.9 billion naira belonging to the couple. The ICPC said it traced the cash to bank accounts in Nigeria.

N2.4 billion fraud: Former PPMC boss, wife move to retrieve seized assets

Former Managing Director of the Pipelines and Products Marketing Company (PPMC), Haruna Momoh, his wife, Ochuko Okor Momoh and their companies have commenced move to retrieve assets and cash seized from them by the Federal Government.

N16.4 million fraud: Court clears former police chief Sunday Ehindero

Justice Silvanus Oriji of the FCT High Court, Apo, on Tuesday discharged former Inspector-General of Police, Sunday Ehindero, and Commissioner of Police budget, John Obaniyi, of N16.4 million fraud charge.

Enraged outcry as police free ‘dubious real estate developer’

The police have arrested a popular real estate developer Lively-Hood Homes owners of De-villa home, Dr FELIX NWORGU, for defrauding residents of alleged lands sold at APO in Omagwa and Etche in Rivers state.
The trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari has been adjourned till Dec. 12 .

Trial of ex-SMEDAN boss continues in December

The trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari, has been adjourned till Dec. 12 .
PRNigeria investigation reveals that the suspect, one Saadu Abubakari, who is currently in the Police custody has made a useful confession that is helping to crack what is regarded as a new trend in kidnapping cases.

Police nab suspect in $15,000 Bitcoin kidnap ransom

The Nigerian Police Force, Federal Capital Territory (FCT) Command has tracked down and arrested the main suspect in connection with the kidnap incident involving an exchange of bitcoins worth $15,000 ransom payment, which was the first of its kind.
Bature Masari

Court adjourns ‘N189.6 million money laundering’ trial of ex-SMEDAN chief until December 12

Justice Olukayode Adeniyi of an FCT High Court in Apo, on Tuesday adjourned the trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari, until Dec. 12 .

Official: Healthy diet can prevent 45% of under-5 mortality

The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Mohammed Umar, says 45 per cent of death of children under five years old was preventable with a healthy diet.

‘Whistleblower’ sentenced to two years in prison

Justice Angela Otaluka of FCT High Court Apo on Monday sentenced a 29-year old whistleblower, James Urah, to two years in prison for giving false information to mislead the ICPC.

New P&ID scandal suspect suffers from severe hypertension – lawyer

A former Director, Legal Services of the Ministry of Petroleum Resources, Mrs. Grace Taiga, standing trial in connection with the controversial P&ID $9.6bn judgment against Nigeria suffers from “a whole lot of ailments”, her lawyer, Ola Olanipekun (SAN), said on Friday.g
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

P&ID scandal: EFCC set to arraign another suspect

The Economic and Financial Crimes Commission will on Friday arraign another suspect linked to the controversial Gas Supply Project Agreement which led to the recent $9.6bn judgment given against Nigeria and in favour of Process and Industrial Developments by a British court.
Minister of Education, Adamu Adamu

Federal government effects shake-up in education ministry

Minister of Education, Adamu Adamu, has approved the redeployment of 11 directors and principals of unity colleges.

I’ve been injecting drugs since age 14 – addict

“I have been injecting drugs for a long time and we share syringes,” says Ali, who lives in the suburb of the Federal Capital Territory and was recently diagnosed to be co-infected with Tuberculosis and HIV.
All Progressives Congress (APC) Nigeria

Taraba guber: Tribunal grants leave to APC for relisting of dismissed petition

The Taraba state governorship tribunal on Friday granted the prayer of All Progressives Congress (APC), seeking to be re-listed in the governorship petition that had earlier been dismissed.

TCN targets capacity of 10,000MW

The Transmission Company of Nigeria (TCN) is planning to raise the transmission wheeling capacity of the power grid to 10,000 megawatts (MW) as it moves to achieve its target by re-conducting seven critical lines nationwide this year.
Power

TCN to upgrade 7 power lines, targets 10,000MW soon

The Transmission Company of Nigeria (TCN) said it is set to raise transmission wheeling capacity to 10,000 megawatts (MW) this year by re-conductoring seven critical lines nationwide.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Tribunal: Atiku Abubakar’s witness fails to show which regulation authorises him to transmit results

An Assistant Presiding Officer (I) during the February 23, 2019, presidential election, Mr. Adedokun Adeoye, on Monday failed to show the Presidential Election Petition Tribunal, which provision of the Independent National Electoral Commission’s manual authorised him to transmit the results of the poll
Tunde Ayeni

Former Skye Bank chief Tunde Ayeni’s trial resumes October

The trial of the former Chairman of Skye Bank Plc, Tunde Ayeni, over alleged N4.5billion fraud charge slammed against him by the Economic and Financial Crimes Commission, will resume 10 October.

Recent Stories

Electricity: Don’t pay for what you didn’t use – NERC tells consumers

The National Electricity Regulations Commission (NERC), on Tuesday, declared that no electricity consumer should be made to pay for energy he/she did not consume.
Gombe State Governor, Inuwa Yahaya, has said that he took advantage of his trip to Russia with President Muhammadu Buhari to woo investors and development partners for the state. 3

Gombe begins implementation of N30,000 minimum wage

Having reached an agreement for the payment of N30,000 as the new minimum wage for civil servants in Gombe State, it has been agreed that February 2020 salaries will capture adjustments, as implementation takes effect from January 1, 2020.
Former Super Eagles coach Christian Chukwu has hailed the appointment of erstwhile National team skipper Joseph Yobo after been named assistant Super Eagles coach to replace Imama Amapakabo.

Joseph Yobo prepared to prove critics wrong

Super Eagles former captain and assistant coach Joseph Yobo has stated his readiness to prove all doubters wrong as he looks set to resume to his new role.
Former Arsenal manager, Arsene Wenger, has said Barcelona are not good enough to win the Champions League this season.

Arsene Wenger: Why Chelsea were outclassed by Bayern Munich

Chelsea had chances to take the lead in the first half but failed to capitalise and Bayern’s dominant second-half display saw them run out 3-0 winners, in their first-leg round of 16 tie at Stamford Bridge.
Babajide Olusola Sanwo-Olu

Lagos targets smart-agric driven tech to boost economy

Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed that to achieve the desire of making Lagos a 21st Century Economy, his administration will uphold Smart-Agriculture driven by innovative technologies in tandem with international standards.