KEY POINTS
Former Power Minister Saleh Mamman was convicted on 12 counts of fraud and money laundering involving ₦33.8 billion.
The court found that funds meant for major hydroelectric power projects were diverted through Bureau de Change operators.
Mamman was absent during judgment, leading...
KEY POINTS
Femi Fani-Kayode has been reassigned from Germany to South Africa as Nigeria’s High Commissioner.
He denied claims that Germany rejected his appointment, saying he personally requested the redeployment.
Fani-Kayode threatened legal action against media outlets that reported the alleged rejection story.
Former Aviation...
Education Minister Tunji Alausa unveiled new rules barring non-PhD universities from awarding honorary doctorates and requiring NUC clearance for every recipient ahead of conferment.
Works Minister David Umahi handed the N545 billion Carter Bridge reconstruction contract to CCECC and ordered an emergency closure of one Eko Bridge carriageway.
Finance Minister Taiwo Oyedele opened talks with indigenous contractors in Abuja, pledging a transparent and structured plan to settle the Federal Government's outstanding debts.
Nestoil rejected reports linking it to First Bank's dividend halt, blamed a CBN forbearance directive, and threatened defamation suits against banks and media.
African nations including Tanzania, Botswana and Nigeria are threatening retaliatory action against South Africa over a fresh wave of xenophobic attacks targeting foreign nationals.