Author: David Great

EFCC arraignment of Mahmud Abubakar over alleged N1.09bn proceeds of crime at an Abuja court

The Economic and Financial Crimes Commission (EFCC) has secured the conviction of 23 illegal Bureau De Change operators and naira racketeers within the last month, as the commission arrested and arraigned 170 for similar offences. The EFCC Special Task Force also arrested 116 illegal BDC operators, currency racketeers in Enugu State during a massive clampdown. During the Enugu clampdown, the anti-graft agency recovered N110.7m, $8,368.00, £145.00, €2,725; 900 South African Rand; 32,000.00 CFA; 100 Turkiya; and 500 Bank Mozambique currencies. The EFCC also revealed that the International Criminal Police Organisation, the United States’ Federal Bureau of Investigation, the governments of…

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NCDC advisory warning Nigerians against fake Ebola treatments and urging safe public health practices.

The Director-General of the Nigeria Centre for Disease Control and Prevention (NCDC), Dr Olajide Idris has said the agency has begun investigating and responding to a strange illness identified in six wards in Sokoto State. Idris said the agency has deployed a National Rapid Response Team to work with the Sokoto State Ministry of Health to respond to the incidents. Idris explained at a press conference in Abuja on Tuesday, that the agency was notified by the state ministry of health on March 21, 2024, of reported cases of children presenting with symptoms which include abdominal distension due to the…

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NACCIMA announces applications for a $150 million offshore financing facility to support the expansion of Nigerian businesses.

The Economic and Financial Crimes Commission (EFCC) has warned that hotels, schools, and other establishments within the country that accept payments in dollars from their customers are at risk of facing arrest. EFCC Chairman, Ola Olukoyede, said this in the agency’s publication called “EFCC Alert” on Monday, adding that action would be taken against individuals involved in the dollarisation of the economy. According to him, the exception is if foreigners come in to transact business and the only means of transacting is their credit card and dollar but to charge local customers in dollars or other foreign currencies would no…

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The Nigeria Police Force National Cybercrime Centre has apprehended a mother and her daughter over their alleged involvement in a romance scam that reportedly defrauded a Malta-based victim of more than N18m.

Ibrahim Abubakar, a 33-year-old butcher has been arrested by men of the Adamawa State Police Command for stabbing his 25-year-old wife, Hajara Sa’adu to death in Sabon Gari-Futy, Girei Local Government Area of the state. This was made known in a statement by the state Police Public Relations Officer, SP Suleiman Nguroje, and shared on the command’s X account on Tuesday. The statement said, “The Adamawa State Police Command on April 8 2024, apprehended a 33-year-old man for stabbing to death his 25-year-old wife Hajara Sa’adu. “The suspect, Ibrahim Abubakar, a butcher and resident of Sabon Gari-Futy in Girei Local…

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N585m Scandal: Betta Edu released on bail from EFCC detention

The Economic and Financial Crimes Commission (EFCC) says its investigating 50 bank accounts, as it has recovered N30 billion in the alleged money laundering case against suspended Minister of Humanitarian Affairs, Betta Edu, and the ministry. The latest development was revealed in a bulletin titled, “EFCC Alert,” detailing some major arrests, prosecutions, and recoveries made by the commission within the last month. The document authorised by the EFCC Chairman, Ola Olukoyede, which was seen by Chronicle NG on Monday, revealed that the recovered N30bn is now in the Federal Government’s coffers The EFCC document reads, “Update on Betta Edu investigation.…

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Special FEC meeting to honour Buhari postponed over clash with funeral

The federal government has unveiled the upgraded Citizens’ Delivery Tracker App, which will enable Nigerians to view the deliverables and key performance indicators for all ministries and give their own assessment. The tracker is available at app.cdcu.gov.ng; it can be downloaded from the Google Play Store and Apple Store. Hadiza Usman, special adviser to the president on policy and coordination and head of the central delivery coordination unit (CDCU), spoke at the go-live event of the app on Monday in Abuja. Ms Usman said the initiative was in tandem with President Bola Tinubu’s promise at the cabinet retreat for ministers,…

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Everton face 12-point penalty for financial breaches

Everton have received a two-point deduction, their second points cut this season, after the club’s appeal against a Premier League charge for a breach of Profitability and Sustainability Rules (PSR) was unsuccessful, the league said on Monday. The penalty is Everton’s second of the campaign after they were hit with a 10-point deduction in November, which was reduced to six in February. The Toffees have now dropped down one position to 16th in the Premier League and just two points above the relegation zone. The independent commission heard evidence and arguments from the club on a range of potential mitigating…

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Bayer Leverkusen appoint Erik ten Hag as coach

Manchester United manager, Erik Ten Hag has said the performances of 19-year-old Willy Kambwala and 18-year-old Kobbie Mainoo in Sunday’s 2-2 draw with Liverpool show that the club have a bright future. Luis Diaz put Liverpool ahead in the first half at Old Trafford before Bruno Fernandes equalized and Mainoo made it 2-1 for United in the second period. Mohamed Salah’s late penalty rescued a draw for the visitors. Defender Kambwala made his second league start of the season on Sunday with Raphael Varane and Jonny Evans out due to injury. “I don’t think, at this short notice, they will…

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Dead workers drawing living wages since 2009 in Nigeria

The Central Bank of Nigeria (CBN) has disclosed that it had sold $10,000 to Bureau De Change (CBD) operators in the country to meet the retail market demand for dollars. The apex bank in a statement from its Trade and Exchange Department on Monday noted that CBDs cannot resell the dollars for more than 1.5% above the purchase price. “We write to inform you of the sale of $10,000 by the Central Bank of Nigeria to BDCs at the rate of N1101/$1. The BDCs are in turn to sell to eligible end users at a spread of not more than…

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Philip Shaibu kneels before Oshiomhole as he dumps PDP for APC

Philip Shaibu, the Edo State deputy governor, has been impeached by the state’s House of Assembly. Shaibu was impeached during the house’s plenary session on Monday in Benin City, the Edo State capital. The deputy governor’s impeachment followed the adoption of the report of a seven-man committee set up by the chief judge of Edo State, Justice Daniel Okungbowa to investigate allegations of misconduct against the deputy governor. Recall that the Edo House of Assembly last week initiated the impeachment proceedings against the deputy governor. Twenty-one of the 24 lawmakers signed a petition to that effect. The deputy governor was…

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