KEY POINTS
The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7, 2026.
A prosecution witness testified about dollar transactions and admitted gaps in earlier statements.
Discrepancies in evidence emerged, while the court allowed additional exhibits despite defence objections.
Justice Emeka Nwite of...
KEY POINTS
EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and $30m fraud.
Funds obtained from Polaris Bank were reportedly diverted from intended projects.
About 12 linked companies are under investigation, with charges expected soon.
The Economic and Financial Crimes Commission has...
Confusion arose online regarding the renaming of Abuja's Murtala Muhammed Expressway. The Nigerian government clarified that only a newly built road received a name change, while the Murtala Muhammed Expressway retains its original designation.
A US-based businessman, Onyejekwe Izuchukwu, was discovered dead in his hotel room in Lagos, Nigeria on June 9, 2024. The 51-year-old Texan was on a business trip and had been staying at the hotel for several days. Authorities have launched an investigation to determine the cause of death, and Izuchukwu's body was transported for autopsy.
The Dangote Refinery has doubled Nigeria’s 11-year power output, significantly enhancing the country's electricity supply and setting a new standard for the energy sector.
Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.
Nigerian President Bola Tinubu has dismissed Ahmadu Mamman, the Director-General of the Bureau of Public Procurement. This move highlights Tinubu's commitment to enhancing transparency and efficiency in government contracts, aligning with his administration's anti-corruption priorities.
Nigeria sends nearly 200 soldiers on a peacekeeping mission to The Gambia, highlighting the country's commitment to regional security despite facing domestic challenges.
Nigeria has lost $1.4 billion in unremitted gas royalties and flare penalties, according to NEITI. This significant financial shortfall highlights the need for improved regulatory compliance in the oil and gas sector, crucial for economic and environmental sustainability.