$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami
The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...
P&ID Scandal: How Nigeria Secured Major Victory In UK Court
A Commercial Court in the United Kingdom, Friday, granted Nigeria’s appeal for a stay of execution of the award of $8.9 billion (about N3.2 trillion) in favour of P&ID, a controversial British firm that secured...
China Becoming Apprehensive About Nigerian Loans - FG
China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to Nigeria by the Asian nation, the Federal Government said on Tuesday.
Although the government insisted that no nation...
Switzerland, Netherlands To Repatriate $200m Malabu Deal Cash – Malami
Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami
Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the Attorney-General of the Federation...
FG Moves To Upturn $9.6bn P&ID Judgment Debt
The Federal Government on Monday moved closer to turning the $9.6 billion judgment debt awarded against it in favour of Process and Industrial Development Limited (P&ID) by a United Kingdom (UK) court.
The two-day hearing in London court,...
Stock: MTN Share Price Leads N112bn Market Gain
The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn tax...
