Category: News

How Dariye shared Plateau’s N1.162b, court told

For about three hours yesterday, a witness in the trial of former Plateau State Governor Joshua Dariye gave details of how he allegedly shared to political associates, the N1.162 billion he obtained from the Ecological Fund in the name of the state. Reeling out names and figures from documents submitted to the court, including Dariye’s…

Reps grill Amaechi, Sijuwade on N1tn railway contracts

The Minister of Transportation, Mr. Rotimi Amaechi, appeared before an ad hoc committee of the House of Representatives on Tuesday and said he had no information on the contracts for the rehabilitation and modernisation of railway in the country. The railway contracts reportedly gulped over N1tn between 2010 and 2015, with additional funding from the…

N34bn fraud: Tompolo begs court to vacate arrest warrant

An ex-Niger Delta militant leader, Government Ekpemupolo, alias Tompolo, has pleaded with Justice Ibrahim Buba of a Federal High Court in Lagos to set aside the warrant of arrest issued against him. Justice Buba had on January 14 issued a bench warrant against Tompolo and ordered his arrest for failing to honour a court summons…

EFCC raids former VP Sambo’s office in Abuja

The Economic and Financial Crimes Commission has raided an office complex in Abuja belonging to former Vice President Namadi Sambo. The PUNCH learnt on Monday that the EFCC operatives raided the office complex, which is not far from the National Defence College along Herbert Macaulay Way, Abuja, between 12noon and 6pm on Saturday. Aside from…

We’ve not applied for foreign loans – Minister

The Minister of Finance, Mrs. Kemi Adeosun, says Nigeria is exploring local and domestic sources to fund the N1.8tn deficit in the 2016 budget currently undergoing approval at the National Assembly. She, however, maintained that Nigeria had yet to submit any formal application for loans with any of the multilateral institutions. The minister said the…