Alleged N240bn Scam: 20 Nigerians Plan Joint Criminal Suit Against Oil Magnate Akintoye Akindele As His Trial Over Alleged N150m Bribery, $5m Begins In Lagos On October 3

More than twenty notable Nigerians are getting set to commence a class action against Lagos based oil Magnate and former Managing Director of Duport Midstream Company Limited, Atlantic Refineries and Chairman of Platform Capital, Mr Akintoye Akindele, over alleged scam, running to over $150 million (over N240 billion). Media Practitioner, Lere Olayinka, who spoke to …

BREAKING: ‘We sold petrol to NNPCL in dollars’, Dangote counters N898 per litre claim

Dangote Refinery has disclosed that it sold Premium Motor Spirit (PMS) to The Nigerian National Petroleum Company Limited (NNPCL) in dollars. Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, disclosed this in a statement on Sunday. Chiejina was reacting to the claim of NNPCL that it bought fuel from Dangote Refinery at N898 …

NBS: Company income tax increased by 150.83% to N2.47trn in Q2 2024

Enugu IRS cracks down on tax defaulters, shuts down businesses The National Bureau of Statistics (NBS) says the federal government generated a total of N2.47 trillion, from company income tax (CIT) in the second quarter (Q2) of 2024. The NBS, in its Q2 CIT report published on Monday, said the amount increased by 150.83 percent …

BREAKING: Dangote presents first petrol sample at refinery

The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit (PMS), otherwise known as petrol, produced at the Dangote Oil Refinery and Petrochemicals in the Ibeju-Lekki area of Lagos State. Dangote presented the petrol sample during a broadcast at his 650,000 barrels per day refinery in Lagos on Tuesday, …

How Tinubu became president against all odds. Buhari didn’t trust Osinbajo and didn’t like Tinubu – Lamido

A former governor of Jigawa State, Sule Lamido, has described President Bola Tinubu as a very daring and adept politician, who manipulated the country’s political system and became president despite stiff opposition. According to the former Jigawa state governor, Tinubu “was adept at studying the Nigerian political system, manipulating it. He exploited it and he …

SHAKE-UP AT NIGERIAN CUSTOMS SERVICE

Following the statutory retirement of some members of the management team of the Nigeria Customs Service, the Comptroller General of Customs, Adewale Adeniyi, has approved key management appointments in an acting capacity. Adeniyi stated that the redeployment would enhance strategic service delivery. CGG, Alhaji Bashir Adewale Adeniyi MFR in his quest for an excellently reformed …

CHINESE COMPANY’S FRAUDULENT ATTEMPT TO STRIP NIGERIA’S ASSETS ABROAD

The Presidency is aware of the various failed attempts by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to take over offshore assets of the Federal Government of Nigeria through subterfuge. The Federal Government is not under any contractual obligation with the company. The case in which Zhongshan is trying to use every unorthodox …

Breaking: Three Presidential Jets Seized In France Over $74m Debts

Three aircraft associated with the Nigerian government have been seized under the authority of a French court following a protracted legal battle between a sub-national and Zhongshan Fucheng Industrial Investment Co. Ltd, a Chinese company, according to a Premium Times report. The seizure includes a newly acquired Airbus A330 valued at over $100 million. The …

Senators’ monthly pay hits N2 billion-‘Senator Abdulrahman Kawu

Indications have emerged that the total monthly pay of 99 non-principal officers of the Nigerian senate is above N2 billion. One of them, Senator Abdulrahman Kawu Sumaila (NNPP, Kano) yesterday confirmed that he receives about N21 million monthly as his perquisite for representing the people of Kano South Senatorial District in the 10th National Assembly. …

NIMC, Online Publishers Roundtable: Implications and Future Directions

By Walter Duru, Ph.D The digital age has reshaped how we consume and disseminate information, with online media playing a crucial role in shaping public perception and opinion. Recognizing this, the National Identity Management Commission (NIMC), with support from the Nigeria Digital Identification for Development (ID4D) Project, recently organized a two-day roundtable with online newspaper …