Author: Editor
•Diezani, other ex-ministers listed as agency vows not to spare politically exposed persons The Economic and Financial Crimes Commission has reopened money laundering cases against 13 former governors and some former ministers, with the amounts involved running into over N853.8bn. Sunday PUNCH findings revealed that the amount at stake in the high-profile cases involving the former governors and ex-ministers was not less than N772.2bn, however, the anti-graft agency is currently investigating the N81.6bn that was allegedly looted in the Ministry of Humanitarian Affairs and Poverty Alleviation. However, another $2.2bn was alleged to have gone missing through money laundering, fund…
THE Dangote Petroleum Refinery has sought the approval of the Federal Government to hit the domestic market with diesel and aviation fuel. The approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is responsible for the regulation of midstream and downstream petroleum operations in Nigeria. Meanwhile, checks by Sunday Vanguard, weekend, indicated that refined products are currently stored in the refinery’s storage tanks while awaiting approval. In a statement, the company stated: “We have started the production of diesel and aviation fuel, and the products will be in the market within this month…
The Henley Passport Index, on Thursday, released the most powerful passports in the world. HPI, known for its comprehensive and authoritative ranking, evaluates passports based on the number of destinations their holders can access without needing a prior visa. Nigeria sits behind Ghana, Guinea, Kenya, Lesotho, Morroco, Benin Republic and Namibia which are at number 76th, 83rd, 67th, 65th, 71st, 79th and 65th respectively. See the full list below: 1. Barbados 2. Benin 3. Burkina Faso 4. Burundi 5. Cambodia 6. Cameroon 7. Cape Verde Islands 8. Chad 9. Comoro Islands 10. Cook Islands 11. Cote d’Ivoire 12. Djibouti…
MURIC Ask FG To Approve Four Months Leave For Widows The Muslim Rights Concern (MURIC) says the federal government should approve a four-month leave for female workers who have lost their husbands. In a statement on Friday, Ishaq Akintola, executive director of MURIC, said female employees who lose their husbands deserve leave from work as they need to “re-plan and re-engineer their lives”. Akintola said the government does not give widows the chance to grieve or provide them with succour while mourning their husbands. “Our attention has been drawn to the predicament of widows nationwide regarding the way they are…
The Central Bank of Nigeria is set to transfer some of its departments to Lagos State. This was stated in an Internal memo made available to PUNCH Online on Saturday. The move, according to an official of the CBN who spoke on condition of anonymity, is to decongest the apex bank’s head office. Although some staff members of the bank have reportedly resisted the transfer and claimed that it is motivated by tribal sentiment, the source said it is for their safety and increased productivity. “What is happening now at the CBN is likened to a company with over…
Bauchi State Governor, Bala Mohammed has disclosed that for seven days sleep eluded him as he was in Abuja fighting to prevent ‘former leaders’ of Bauchi from snatching his victory at the polls. The governor also praised President, Bola Tinubu for not listening to former Bauchi leaders who had told the President that he was a threat to him. Bala Mohammed disclosed this at the Government House in Bauchi during a victory rally organised for him, where he also said that the rule of law was allowed to prevail in his case. “You (People of Bauchi) have shown me…
A former Nigerian military President, Ibrahim Babangida, says he is convinced that there would not be any interference from the military again which may truncate the progress of democracy in the country. Nigeria witnessed a lot of military incursions in its politics after independence, with men in uniform ruling the country more years than civilians until 1999. Babangida was one of the military men that led the country during that period, ruling for eight years from 1985 to 1993. Speaking in an interview on Channels Television’s Inside Sources, the former military leader stated that military interference robbed Nigeria off…
The Dangote Refinery, the largest single-train refinery in the world, located in Nigeria’s commercial hub, began operations on Friday, January 12. This followed the delivery of six million barrels of crude supply to the refinery this week. Here’s a timeline of the refinery’s operations: 1. Excavation works began on the site in 2016 with maximum support from the APC-led federal government. 2. NNPC got a 20% deal in 2021 at 2.76bn to have some say via crude supply agreements. 3. Plant is Africa’s largest refinery with a capacity to refine about 650,000 barrels of crude per day. 4. First…
Senator Rabiu Musa Kwankwaso, the presidential candidate of the New Nigeria People’s Party (NNPP) in the last general elections, has said he did not reach an agreement with President Bola Tinubu or anyone in relation to the outcome of the Supreme Court verdict on the Kano State governorship election tussle. Kwankwaso stated this while responding to the allegation that he had reached an agreement with Tinubu before the judgment. On Friday, the Supreme Court affirmed the NNPP’s Abba Kabir Yusuf as the duly elected governor of Kano after series of litigations. Speaking with BBC Hausa, Kwankwaso said, “What happened…
Dangote Refinery has assured that refined products, specifically diesel and aviation fuel, will be in the market this month (January). The $20 billion refinery made the promise while announcing that production had started, with a vow to meet domestic demands. The announcement is coming on the heels of the successful delivery of about six million barrels of crude oil to the 650,000 barrels-per-day plant in the past few weeks. Speaking on the readiness of the refinery, the President of Dangote Group, Alhaji Aliko Dangote, thanked President Bola Tinubu for his support, encouragement, and thoughtful advice. He said: “We thank…