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N300bn Debt: AMCON Takes Over Arik Air as EFCC Grills Arumemi-Ikhide

The Federal Government, through the Asset Management Corporation of Nigeria, took over the operations of the nation’s biggest carrier, Arik Air, and appointed Capt. Roy Ukpebo Ilegbodu as its new manager. It was gathered that the beleaguered airline was indebted to alone to the tune...

Nigeria Takes Over Malabu Oil Block

Justice John Tsoho of the Federal High Court sitting in Maitama, Abuja has given an order ceding control of the lucrative oil block, Oil Prospecting License, OPL 245, to the Federal Government pending investigation and prosecution of suspects in the $1.1billion Malabu Oil scam. The...

Presidency Clears Magu, Babachir Lawal of corruption

President Muhammadu Buhari has informed the Senate that the Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, and the Secretary to the Government of the Federation, SGF, Babachir Lawal, have been cleared of alleged corrupt practices following an investigation...

Magu’s EFCC: Security Reports and Inter-Agency Rivalry

Magu's EFCC: Security Reports and Inter-Agency Rivalry By Yushau A. Shuaib Sometimes in July, 2016 while attempting to pay the remunerations of over 20 staff and volunteers, it was discovered that the Company's Salary Account, the Operational Account, the Domiciliary Account and even Personal Account...

Why Magu, Lawal Must Resign Now — Former Senate President

The Former President of the Senate, Sen. Adolphus Wabara, has called on the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, to resign his appointment following indicting security reports about him. Wabara. who made the call in an interview with...

EFCC Probes Payment of Allowances to University’s Workers

The Economic and Financial Crimes Commission has summoned the acting Vice-Chancellor of the Obafemi Awolowo University, Ile-Ife, Prof. Anthony Elujoba, and Bursar, Mrs. Aderonke Akeredolu, over the payment of an ‘unapproved’ hazard allowances to the institution’s workers. The allowances paid to the academic and non-academic...