A federal high court sitting in Abuja has granted an interim order to the Economic and Financial Crimes Commission (EFCC) to freeze four cryptocurrency wallets worth $37 million over allegations of money laundering. The order was granted by Justice Emeka Nwite on August 8, while a ruling on an ex-parte motion filed by the EFCC. The anti-graft commission applied for an order to freeze total crypto assets valued at USDT 37,061,867,869.3 Based on the document, the commission sought to freeze a total of 37,061,867,869.3 domiciled in four crypto wallets. According to the EFCC, the assets are proceeds of money laundering…
Author: Michael Chibuzo
President Bola Tinubu will on Wednesday, August 14, depart Abuja for Malabo, Equatorial Guinea, on a three-day official visit to honour the invitation of President Teodoro Obiang Nguema Mbasogo. This is according to a state house press release by presidential spokesperson, Ajuri Ngelale. President Tinubu will meet with the Equatorial Guinean President at the Presidential Villa on arrival, where meetings will be held between the two leaders and agreements, particularly on oil and gas and security, signed. According to the statement, the President will be accompanied on the trip by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and other…
As part of efforts to speed up the CNG adoption in Nigeria to drive down cost of transportation, President Bola Tinubu on Monday launched the first set of hybrid Compressed Natural Gas (CNG) buses at the Presidential Villa in Abuja. The President commissioner 30 hybrid Compressed Natural Gas (CNG) buses with a total capacity of 3,000 passengers. The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) donated 20 of the CNG-powered buses while the Nigerian National Petroleum Company Limited (NNPCL) donated 10 of the locally manufactured buses to the federal government. The 30 buses were produced locally by Innoson…
President Bola Ahmed Tinubu has approved a landmark policy set to transform healthcare human resource management in Nigeria. The Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate on Monday announced that the President and the Federal Executive Council has approved the National Policy on Health Workforce Migration, a landmark policy which aims to address the critical challenges facing Nigeria’s health human resources. In a statement shortly after the FEC meeting, the Minister said that as the AU Champion for Human Resources for Health and Community Health Delivery Partnership, the President’s commitment to a resilient and robust healthcare system…
Following months of skyrocketing prices of fresh tomatoes and fresh pepper across the country, a sigh of relief is sweeping across the country as prices of the two commodities experience dramatic reductions. This crash in prices is as a result of successful fresh harvests of both tomatoes and pepper hitting the markets from various tomato belts. The drastic rise in prices was principally due to the outbreak of the pest, Tuta absoluta that hit many tomato farms in the major tomato producing states of Kano, Kaduna, Katsina and Jigawa states. The outbreak of the Tomato ebola destroyed many farms and…
President Bola Tinubu on Monday in Abuja presided over a meeting of the Federal Executive Council, preceded by the swearing-in of the newly appointed Head of the Civil Service of the Federation, Mrs. Esther Didi Walson-Jack. Addressing Mrs. Walson-Jack, after she took her oath of office, President Tinubu asked the new Head of the Civil Service of the Federation to serve the nation with integrity and transparency. The President also paid tribute to the immediate past Head of the Civil Service of the Federation, Dr. Folashade Yemi-Esan, describing her tenure as exceptional. ”We must learn from her commitment to duty,…
Popular Arise TV journalist, Rufai Oseni has attacked people who loot public funds, use proceeds of such looting to set up their private business and then begin to search for honest people to manage these businesses for them. The Arise TV Morning Show co-anchor wrote on his X handle: “People will steal public funds, set up private businesses and start looking for honest people to manage the business for them. Reality of Nigeria today.” Following Rufai’s statement, some Nigerians on X immediately drew some conclusions and insinuated that Mr. Rufai Oseni is indirectly attacking his boss and Founder of Arise…
The nationwide protests spearheaded by former presidential candidate of the African Action Congress (AAC), Mr. Omoyele Sowore through his Take It Back movement has come to an anti-climax end yesterday being the 10th day of protests. The protests, christened 10 Days of Rage, were billed to hold from 1st August to 10th August, 2024 across the country. Part of the aims of the various organisers was to protest against hunger and bad governance in Nigeria. The protests recorded eventful starts on Day 1 in some parts of the country especially Lagos, Abuja, Port Harcourt, Kano, Kaduna, Jos, Bauchi, Damaturu, Maiduguri,…
As part of efforts to boost productivity and create more jobs in the economy, the federal government says there will be tax breaks for companies that employ more staff. This is one of the promises that President Bola Tinubu made during a townhall engagement organised by the Nigerian Economic Summit Group (NESG) during the 2023 presidential election campaign season. During an interview on AIT, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun said the tax breaks will be included in the Inflation Reduction and Price Stability Order approved by the president. “The Inflation Reduction Act will…
The Dangote refinery has revealed that since it commenced full operations, the Nigerian National Petroleum Company (NNPC) Limited has supplied it with 30 million barrels of crude oil, which constitutes 60% of the 50 million barrels of crude oil feedstock the refinery has so far processed. This revelation was made by the Group Chief Strategy Officer of Dangote Refinery, Aliyu Suleiman when he appeared before a Senate adhoc committee investigating the alleged importation of substandard petroleum products into the country. The Committee is chaired by Opeyemi Bamidele, the senate majority leader. The Dangote refinery chief strategist said that while the…