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Nigeria
Federal Court in Lagos Dismisses N135 Billion Debt Charges Against Senator Ifeanyi Ubah and Capital Oil and Gas
The Federal High Court in Lagos has dismissed the charges filed by the Asset Management Corporation of Nigeria (AMCON) against Senator Ifeanyi Ubah and his company, Capital Oil and Gas Limited, concerning an alleged N135 billion debt. Justice Nicholas Oweibo granted the dismissal of the charges...
The Nigerian Senate has officially confirmed Ola Olukoyede as the Chairman of the Economic and Financial Crimes Commission (EFCC) and Muhammad Hammajoda as the Secretary of the anti-graft agency. This confirmation comes after their screening by the Senate, about a week after their appointment by...
Senator Elisha Abbo has issued an apology for his earlier claims that Senate President Godswill Akpabio conspired to secure his removal by the Court of Appeal. In an interview with Arise Television on Tuesday, Senator Abbo acknowledged the prematurity of the press release issued on this matter...
In a swift change of leadership roles, the Nigerian Senate announced the appointment of Senator Oyelola Yisa Ashiru, a member of the All Progressives Congress (APC) representing Kwara South, as its new Deputy Leader of the Senate. This development comes as Senator Oyelola Yisa Ashiru replaces...
In a significant and alarming development, the Naira, Nigeria's national currency, suffered a dramatic drop to its lowest rate ever against the United States dollar in the official market. According to market data released on the FMDQ website, the local currency concluded its trading session at...
Popular Nollywood actor Yul Edochie has taken to social media to proclaim his irreplaceability, both in the world of acting and in real life. This declaration came shortly after his first wife, May Yul-Edochie, shared photos and videos of herself enjoying a European vacation.
May Yul-Edochie...
Nigeria
Millions in Tax Incentives: 71 Companies Benefited from N390.26 Billion Tax Waivers in Two Years
An investigation conducted by The PUNCH has revealed that approximately 71 companies benefited from N390.26 billion in pioneer status incentives over a two-year period. This data was obtained from the Federal Inland Revenue Service annual reports, which indicated that N1.43 billion was utilized...
After a tense Senate session, which included a closed session, tensions were reportedly eased following Senate President Godswill Akpabio's explanation and a review of the Senate rules. An anonymous source familiar with the closed-door discussion revealed that the matter was raised by one or two...
The All Progressives Congress (APC) has criticized former Secretary to the Government of the Federation, Babachir Lawal, for claiming that Peter Obi, not Bola Tinubu, won the presidential election held on February 25, 2023. In a statement signed by the party's spokesperson, Felix Morka, the APC...
Nigeria
High Court Rejects No-Case Submission by Osinachi Nwachukwu's Husband, Orders Him to Defend Against Homicide Charges
In a recent development, Justice Njideka Nwosu-Iheme of the Federal Capital Territory High Court in Wuse Zone 2 has dismissed the no-case submission put forth by Peter Nwachukwu, the husband of the late gospel singer, Osinachi Nwachukwu. The Federal Government had filed a 23-count charge against...
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