Category Archives: Breaking

CBN Floats The Naira, Releases Guidelines For Dealership In Forex

  The Central Bank Of Nigeria (CBN) yesterday announced a full float of the Naira with what it termed the “automatic adjustment mechanism of the exchange rate” which will allow the foreign exchange (forex) rate now be determined by markets forces thereby reducing the pressure on the Naira. Making this disclosure at a press conference…

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Violation Of IDPs Rights: ECOWAS Court Dismisses Suit Against FG

  Justice Micah Wrights of ECOWAS Community Court on Wednesday in Abuja, dismissed the suit against the Federal Government over the violation of the rights of Internally Displaced Persons (IDPs). The plaintiff, Socio-Economic Rights and Accountability Projects (SERAP), in suit no ECW/CCJ/APP/31/15, asked the court to hold the Federal Government responsible for the violation of…

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Senate Launches Committee To Examine 2013 NEITI Audit Report

  The Senate on Wednesday set up a nine-member ad hoc committee to examine the financial losses and leakages contained in the 2013 Nigeria Extractive Industries Transparency Initiative (NEITI) audit report. This followed a resolution reached by the lawmakers shortly after the Executive Secretary of the agency, Mr Waziri Adio, briefed them on the content…

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EFCC Storm Obanikoro’s House, Carts Away Cars, Other Valuables

  Official of the Economic and Financial Crimes Commission (EFCC) on Tuesday raided two houses belonging to former Minister of State for Defence, Musiliu Obanikoro, in Lagos, carting away cars, wristwatches and other valuables. The two houses raided were Obanikoro’s private residence at Park View Estate and another near Banana Island where two of his…

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President Buhari Condoles With Ghanaian President On Loss Of Mother

  President Muhammadu Buhari has spoke to President John Mahama of Ghana to offer heartfelt condolences to his family on the passing away of his mother, Hajia Abiba Nnaba. A statement issued by Special Adviser to the President (Media & Publicity), Femi Adesina said President Buhari “in a telephone call on Wednesday, prayed that Almighty…

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EFCC To Arraign Goodluck Jonathan’s Former Aide, Dudafa, Over Alleged N5.1bn Fraud

  The Economic and Financial Crimes Commission (EFCC), is set to arraign a former Special Assistant to then President Goodluck Jonathan on Domestic Affairs, Warpamo Dudafa, before a Lagos Federal High Court on 23-count charge bordering on an alleged N5.1bn fraud. According to THE WILL, Dudafa is to be arraigned with a certain Iwejuo Joseph…

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EFCC Files Charges Against Fani-Kayode, Former Finance Minister

  The Economic and Financial Crimes Commission (EFCC) has filed a 17-count charge against former Minister of Aviation, Femi Fani-Kayode, at the Federal High Court, Lagos, for an alleged fraud of N4.6 billion, reports The Guardian. Fani-Kayode, who was the spokesperson for former President Goodluck Jonathan’s campaign organisation in the 2015 general election, is being…

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