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The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned a director of the defunct Abiodun Hassan before Justice Sylvanus Oriji of the FCT High Court, Apo, for alleged misappropriation of over N10.2billion.
The Senate on Monday opened investigation into the alleged ‘missing’ N27bn meant for the payment of the pension of former staff of the defunct Power Holding Company of Nigeria.
The Senate on Monday resolved to issue a warrant for the arrest of the Sole Administrator of the Niger Delta Development Commission (NDDC), Effiong Akwa, over his refusal to appear before it in relation to an alleged mismanagement of N6.2 billion on COVID-19 palliatives by the agency’s management last year.
The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.
The Bureau of Public Enterprises (BPE) has refuted reports that it diverted N14 billion from the proceeds of the privatisation of the defunct Power Holding Company of Nigeria (PHCN).
A prosecution witness has narrated how a former chairman, Pension Reform Task Force Team, (PRTFT), Abdulrasheed Maina, who is standing trial before a Federal High Court in Abuja, stole about N14 billion from pension accounts through several illegal payments to fake pensioners, non-existing contracts, and other pension reform unions.
The Bureau of Public Enterprises (BPE), says its officials did not divert N2.5 billion from Power Holding Company of Nigeria (PHCN) to buy property in Aso Savings and Loans (ASL).
The Senate Committee on Public Account on Monday condemned the diversion of N2.5bn by officials of the Bureau of Public Enterprises.
Otunba Adejare Adegbenro has described problems confronting Nigeria as self inflicted and not political.
President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
The Nigeria Labour Congress (NLC) has urged the Nigeria Electricity Regulatory Commission (NERC) to take decisive action on the plan by DISCOs to hike electricity tariff in the country.
The House of Representatives on Thursday rejected the presentation of the Central Bank of Nigeria (CBN) on the $11 billion withdrawn from the Excess Crude Account for the National Integrated Power Project following observed discrepancies in its presentation and that of the Accountant General of the Federation.
Organised labour has rejected recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements enter into with all leases and remit to the service.
There was wild jubilation in Maje town, headquarters of Guda Ward in Ningi Local Government Area of Bauchi State on Thursday as Speaker of the State House of Assembly, Abubakar Suleiman, provided a 33KVA transformer to restore electricity in the community after three years of darkness.
Eko Electricity Distribution Company (EKEDC) says it is planning to decommission Unistar Meters assigned to about 11, 000 customers within its franchise areas.
Pensioners of Nigeria Electricity Power Authority/Power Holding Company of Nigeria (NEPA/PHCN), yesterday, protested non-payment of their over N25 billion benefit arrears since 2012 till date.
Electricity workers under the aegis of the National Union of Electricity Employees (NUEE) have threatened to resume its suspended industrial action if the Federal Government failed to implement the agreement they signed last month within two weeks.
Workers under the aegis of National Union of Electricity Employees (NUEE) have threatened to resume their recently suspended nationwide strike if the government fail to implement agreement reached with them
The House of Representatives has summoned the Minister of Power, Saleh Mamman, and his Labour and Employment counterpart, Chris Ngige, to explain why nothing was done regarding the 21 days ultimatum given by Electricity Workers Union over unpaid benefits to disengaged employees of the defunct Power Holding Company of Nigeria (PHCN), as well as improved condition of services by their current employers.
Peru’s Congress on Friday voted to ban former president Martin Vizcarra, implicated in a scandal over Covid-19 vaccinations, from holding public office for 10 years.
Worried by the high rate of rape in Zamfara State, a civil society organization (CSO) known as Human Rights Defender and Advocacy Center is seriously mounting pressure on the State Government to establish a commission that can address the cases of rape in the state.
The Mirror says City are believed to be preparing a new contract offer for Foden as the club look to reward the midfielder for his influential performances.
The management of the University of Ibadan on Friday announced the extension of the deadline set for the 2020/2021 session until April 30.
“I spoke to a conductor in Germany and he told me that once in his orchestra he had to find a new musician,” Tuchel said, according to the Star. “He picks three maybe that he likes as a replacement, but the final decision is made through the orchestra. We had a long discussion about this.
The Accountant General of the Federation, Ahmed Idris, has declared his readiness to partner with stakeholders with valuable ideas to assist in consolidating the gains of the ongoing financial management reforms initiatives.
A plan to deliver electricity to about 25m Nigerians whose communities are off the grid has commenced in Jigawa State flagged off by Vice President Yemi Osinbajo, SAN, who restated the determination of the Buhari administration to ensure that millions more will now have access to cheap and environmentally friendly renewable power.
The Economic and Financial Crimes Commission (EFCC) has made compulsory membership of the Real Estate Developers Association (REDAN) for all real estate players as part of effort to check fraudulent activities in the housing sector.
The main opposition party in the country, the Peoples Democratic Party, PDP, has taken strong exemption to a remark by President Muhammadu Buhari that Nigerians should expect ‘continuity’ from his administration, following his return from routine medical checks in London, the United Kingdom.
The Department of Petroleum Resources (DPR) has published a list of private refineries with a valid permit to operate in Nigeria.