The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has officially declared an ex-Naval Chief, Vice Admiral Jibrin Usman (retd), and Brigadier-General Ishaya Bauka wanted for their alleged involvement in a N3 billion fraud. ICPC spokesperson, Demola Bakare, who disclosed this on Friday in Abuja, stated that the commission never removed Jibrin and Bauka…
A Federal High Court in Lagos has ordered the final forfeiture of $4.7 million, N830million, and multiple properties linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). Delivering judgment on Friday, Justice Yellim Bogoro, who had earlier dismissed an application seeking to arrest Emefiele, granted the final forfeiture application of the…
The wife and sons of the former executive secretary of the National Health Insurance Authority (NHIA), Prof Usman Yusuf, have written to the United States Government for diplomatic intervention towards the quick release of their father… The letter dated February 18, 2025 by the wife, Iftikar Abdallah Yusuf, and addressed to the American Embassy, is…
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System. The data, which tracks monthly account statuses throughout 2024, indicates a steady rise in inactive accounts, coinciding with new regulatory measures by the Central Bank of Nigeria requiring commercial…
Microsoft has announced a $1 million (N1.6 billion) investment in Nigeria over the next two years to support AI technology development. The Microsoft Managing Director, Nigeria and Ghana, Ola Williams, made the announcement at the AI Nigeria Tour conference and exhibition in Lagos. The Microsoft AI Tour is a free, in-person one-day event where business…
The US government has denied providing financial support to Boko Haram, emphasizing its commitment to standing in solidarity with Nigeria in the fight against the terrorist organization… The US Ambassador to Nigeria, Richard M. Mills Jr., refuted the claim during an interview with newsmen shortly after his closed-door session with governors of the 36 states…
Barbara Bako, Abuja In a significant move to bolster Nigeria’s economic reforms and revenue generation, the Federal Government has inaugurated the newly appointed Fifty (50) Tax Appeal Commissioners… The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while inaugurating the Tax Appeal Commissioners on Wednesday in Abuja, highlighted the crucial role…
Barbara Bako, Abuja The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has pledged his support for the humanitarian efforts of Mission Aviation Fellowship (MAF), an evangelical Christian organization providing critical services to remote communities worldwide… The Minister made this pledge during a courtesy visit by a delegation from MAF, led…
President Bola Ahmed Tinubu has approved the appointment of Dr. Danjuma Adamu Ismaila as the Rector and Chief Executive Officer of the Nigerian College of Aviation Technology (NCAT), Zaria. This was contained in a statement issued by Special Adviser to the President on Information and Strategy, Bayo Onanuga. Dr. Ismaila, a seasoned expert in air…
President Tinubu has approved a N758 billion bond to pay off outstanding pension debts owed to federal workers under the Contributory Pension Scheme, providing long-awaited relief to retirees… The historical decision which was approved during the Federal Executive Council (FEC) meeting on Tuesday February 4, 2025, marked a watershed moment in Nigeria’s pension administration. This…
