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Nigerians must pay higher electricity tariff – Osinbajo

  Vice-President Yemi Osinbajo, has declared that Nigerians have no option but to accept an increment in electricity tariff.   Osinbajo stated this yesterday at the Sixth Presidential Business Forum held at the Presidential Villa, Abuja. The Sixth Presidential Business Forum, which focused on agriculture and its value chains, had the Minister of Agriculture and Rural Development, Audu Ogbe; the ...

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Corruption Is Making Nigeria ‘Laughing Stock’, Says Magu

Corruption in Nigeria has defied efforts at eradicating it and is making the country a laughing stock, the Acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, has said.   Mr Magu said this in Abuja on Monday at the 68th General Assembly of the Broadcasting Organisations of Nigeria, which had the theme, ‘The Nigerian Media and ...

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Nigeria floats US$3bn dual-tranche bond

…Announces pricing of US$1.5bn 10-year; US$1.5 billion 30-year notes under its Global Medium Term Note programme The Federal Government on Monday announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme (increased from US$1.5 billion). The Notes comprise a US$1.5 billion 10-year series and ...

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Fayose slams FG over ‘hiring of Malaysian economic experts for N458m’

Ekiti State Governor, Mr Ayodele Fayose has questioned the rationale behind the Federal Government’s  hiring of consultants from Malaysia with the sum of N458 million to help Nigeria build her economic capacity. He said, “the Federal Government’s action is a clear vote of no confidence on President Muhammadu Buhari’s government and economic experts in the country.” The governor, who said; ...

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Ex-SGF, Anyim, still in EFCC custody

FORMER Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, was Saturday evening still being detained by the Economic and Financial Crimes Commission (EFCC) about 48 hours after he was arrested in Abuja. The former President of the Senate was arrested over the management of N13billion Ecological Fund when he was in the saddle as the SGF ...

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N17B Pension fraud: How Buhari shunned Maina in Dubai

…What suspect told AGF, NSA about pension syndicate and his expertise …What suspect told AGF, NSA about pension syndicate and his expertise …My office has already recovered N260m from firm linked to ex-pension boss  — Malami   …Jonathan didn’t receive payments from pension  fund – Ex-President’s aide   Fresh facts emerged, yesterday, that wanted ex-Presidential Pension Reform Task Team Chairman, ...

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Why Former Senate President And SGF Pius Ayim Was Arrested, Detained By EFCC

The Economic and Financial Crimes Commission, yesterday, detailed how former Secretary to the Federal Government, Senator Ayim Pius Anyim, used firms in which he had interest to award contracts to the tune of N13 billion from the Ecological Fund Account domiciled in his office.   The anti-graft agency, which arrested Anyim, a former Senate President, said its operatives were also ...

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Court Reverses Decision To Freeze Accounts Without BVN

A Federal High Court judge in Abuja who granted an order for bank accounts not linked to Bank Verification Numbers (BVNs) to be frozen has reversed his decision. Justice Nnamdi Dimgba explained that he later learned that his October 17 order created an “awkward and unfortunate result.”   The reversal means that those who have not linked their bank accounts ...

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Court orders interim freezing of N350m linked to Patience Jonathan

A Federal High Court in Lagos, yesterday ordered that N350 million belonging to AM-PM Global Network Ltd, in Stanbic-IBTC bank, be placed on temporary attachment, pending an ongoing investigation by the Economic and Financial Crimes Commission, EFCC. Justice Hadiza Rabiu-Shagari, gave the order following an ex-parte application filed by the EFCC and argued by its lawyer, Mr Rotimi Oyedepo, against ...

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N13bn Ikoyi Funds: Whistle-blower Already A Millionaire – Magu

Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on Thursday said the young man who blew the whistle on the monies found in an apartment in Ikoyi area of Lagos State is already a millionaire. Magu said this in his address at the ongoing 7th Session of the Conference of States Parties to the United Nations Convention ...

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