The Abuja Electricity Distribution Company (AEDC) has issued a stern warning to no less than 86 Ministries, Departments, and Agencies (MDAs) over an outstanding debt of approximately N47.1 billion. Failure to settle the debt could result in a disconnection of electricity supply. Among the MDAs facing potential disconnection are the […]
Presidential candidate Omoyele Sowore and co-defendant Olawale Bakare are free after the Nigerian government dropped treason charges against them. This follows five years of legal battles stemming from their “Revolution Now” protest. Justice Emeka Nwite threatened to dismiss the case due to government delays, prompting a new lawyer to request […]
A Federal High Court ruling mandates the Nigerian government to set prices for essential goods and fuel within seven days. This victory in a case led by human rights lawyer Femi Falana stems from the government’s inaction on price control. Judge Ambose Lewis-Allagoa granted all claims in Falana’s motion, citing […]
Nigeria’s political scene heated up today as the Presidency swiftly countered ex-Vice President Atiku Abubakar’s call for President Bola Tinubu’s resignation over rising insecurity. While Atiku condemned Tinubu’s “fiddling” amidst violence and kidnappings, the Presidency asserted Tinubu’s leadership on security matters, calling Atiku’s remarks “reckless” and politically motivated. The clash […]
The Economic and Financial Crimes Commission (EFCC) has brought nine counts of alleged N4bn fraud against the former Governor of Anambra State, Willie Obiano. The charges span his tenure from March 2014 to March 2022. Today, the 68-year-old was arraigned before Justice Inyang Ekwo of the Federal High Court Abuja, […]
In a dramatic turn of events, the Supreme Court of Nigeria has reinstated Abba Yusuf as Governor of Kano State, reversing the decisions of both the Court of Appeal and the Governorship Election Petitions Tribunal. The apex court ruled that the lower courts erred in deducting votes and questioning Yusuf’s […]
In a significant move to bolster the nation’s anti-corruption efforts, Dr. Musa Adamu Aliyu, SAN, Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), convened a crucial meeting with the Executive Chairman of Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede and the leadership of the […]
In a major blow to Tingo Group and its former CEO, Dozy Mmobuosi, US authorities have unsealed an indictment charging him with orchestrating a multi-year scheme to inflate financial statements and deceive investors. Mmobuosi, currently at large, faces charges of securities fraud, false SEC filings, and conspiracy. U.S. Attorney Damian […]
Nigeria’s 2024 budget has taken shape, with the Senate passing the N28.77 trillion spending plan after revisions and adjustments. This marks a significant increase from the N27.5 trillion initially proposed by President Bola Tinubu, reflecting inflation, infrastructure needs, and additional requests from government agencies. Key Highlights: Total Spending: N28.777 trillion authorized, […]
In a bid to combat the naira’s ongoing decline, the Nigerian House of Representatives has proposed adopting the Chinese Yuan (CNY) as an official foreign exchange reserve currency. This proposal, if implemented, would mark a significant shift in Nigeria’s currency strategy and potentially strengthen ties with China. The motion, championed […]
