Malami: EFCC Interrogation Was Over Alleged Abacha Loot Duplication, Not Terrorism
Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), has insisted that his recent engagement with the Economic and Financial Crimes Commission (EFCC) was strictly to clarify issues surrounding an alleged duplication in the recovery of the Abacha loot.
Former Anambra Governor Chris Ngige Arrested in Abuja
Former Governor of Anambra State and immediate past Minister of Labour and Employment, Senator Chris Ngige, has been taken into custody by security operatives in Abuja under circumstances that remain unclear.
Okonjo-Iweala, Mo Abudu Featured on Forbes’ 2025 List of World’s Most Powerful Women
Two Nigerian women, Ngozi Okonjo-Iweala and Mo Abudu, have been named among Forbes’ 100 World’s Most Powerful Women for 2025, underscoring their growing influence in global trade and media.
Minister Seeks Fresh Investments, Showcases $50m Lithium Processing Plant and Other Projects
The Minister of Solid Minerals Development, Dr. Dele Alake, has unveiled a fresh package of investment incentives to global mining players, highlighting a $50 million lithium processing plant alongside tax waivers and guaranteed repatriation of profits.
Tension in House of Reps Over Motion to Probe CBN’s Alleged Non-Remittance of ₦16.3tn
ABUJA — A heated and rowdy session erupted on the floor of the House of Representatives on Wednesday as lawmakers clashed over a motion seeking an investigation into alleged non-remittance of more than ₦5.2 trillion in operating surpluses and ₦11 trillion in revenue discrepancies linked to the Central Bank of Nigeria (CBN) between 2016 and 2022.
FIRS, France Strengthen Collaboration on Digital Tax Reform
The Federal Inland Revenue Service (FIRS) has entered into a landmark cooperation agreement with the French government aimed at transforming Nigeria’s tax administration through digital innovation, capacity development, and stronger international enforcement mechanisms.
FG Arraigns Former Aviation Minister Stella Oduah Over Alleged ₦5bn Fraud
ABUJA — The Federal Government on Wednesday arraigned a former Minister of Aviation, Senator Stella Oduah, before the High Court of the Federal Capital Territory in Maitama over alleged corruption involving a total of ₦5 billion.
Reps Halt COVID-19 Loan Deductions, Order Immediate Suspension
ABUJA — The House of Representatives has ordered the Central Bank of Nigeria (CBN), NIRSAL Microfinance Bank, and the Federal Ministry of Finance to halt all ongoing deductions on COVID-19 intervention loans and grant full waivers for outstanding balances owed by vulnerable households and micro-businesses.
ECOWAS Endorses Measures to Reduce Air Travel Costs in West Africa
The Economic Community of West African States (ECOWAS) has approved wide-ranging reforms to reduce the high cost of air travel across the region, aiming to make flying more affordable for passengers and boost the aviation sector.
SEC Moves to Confiscate CBEX’s ₦1.3 Trillion Funds Over Alleged Ponzi Scheme
The Securities and Exchange Commission (SEC) has requested that the Investments and Securities Tribunal (IST) order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other defendants accused of running an unlawful digital asset investment scheme that defrauded Nigerians of an estimated ₦1.3 trillion.
