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The fresh case was filed at the Federal Capital Territory (FCT) High Court in Abuja on Tuesday, adding to a pending N80 billion money laundering case against him. The Economic and Financial Crimes Commission (EFCC) has filed fresh corruption charges against former Kogi State governor, Yahaya Bello, who is still being wanted for an earlier money laundering case. EFCC accuses ... Read More »

• Nigeria won’t be destination for illicit wealth from foreign countries, says President • EFCC praised for returning $180,000, 53 vehicles to Canada President Bola Ahmed Tinubu has directed security and law enforcement agencies to scale up efforts at cracking down on individuals or organisations involved in cybercrime and transnational car theft. A statement yesterday in Abuja by his Special ... Read More »

Former Kogi Governor Yahaya Bello on Wednesday honoured the invitation of the Economic and Financial Crimes Commission (EFCC). The former Governor was declared wanted by the EFCC for alleged fraud and corrupt enrichment while in office. A statement by his media team said the decision was after due consultations with family, legal team and political allies. It reads: “The former ... Read More »

The Federation Accounts Allocation Committee (FAAC) has announced the disbursement of N1.203 trillion in revenue for August 2024 to the Federal Government, State Governments, and Local Government Councils. The announcement was contained in a communiqué after the FAAC’s September 2024 meeting in Abuja. The total distributable revenue of N1.203 trillion comprises several sources, reflecting the government’s diverse revenue streams. This ... Read More »

The presidency has refuted a claim by the Catholic Bishop of Sokoto, Matthew Kukah, that President Bola Tinubu did not sign the peace accord during the 2023 presidential election. Kukah on Sunday, during the Edo election security town hall meeting in Benin, claimed Tinubu snubbed the annual ritual that commits political parties and their candidates to a violent-free election. “What ... Read More »

President Bola Ahmed Tinubu has pledged to tackle climate change and its manifestations differently, emphasising the need for collective action and education. Speaking at the Palace of the Shehu of Borno, Alhaji Abubakar Umar Garba, in Maiduguri on Monday, Tinubu expressed sympathy with the people of Borno State, who have been affected by recent flooding. The President said he had ... Read More »

The Nigeria National Petroleum Company Limited has released another version of the breakdown of the estimated price of petrol bought from the Dangote refinery. Newsthumb earlier reported that in a statement on Monday morning, the NNPC gave a chart breakdown of the refined petrol product it bought from the refinery on Sunday, September 15. The nation’s oil firm stated that ... Read More »

…Vessel also readied for distribution Officials keep mute on price A long queue of petrol tankers yesterday formed along the stretch of the road leading to the Dangote Refinery at Lekki, Lagos as they slowly made their way into the company’s fuel loading gantry ahead of the commencement of the distribution of Premium Motor Spirit (PMS) today. Also on standby ... Read More »

Pricing of the Premium Motor Spirit (PMS) has been a key agenda in the marathon meetings between the managements of the Nigerian National Petroleum Company (NNPCL) and Dangote Petroleum Limited in the last few weeks, Newsthumb learnt. A source of the National Oil Company, who was privy to the meetings, which have been holding in the NNPCL Tower, Abuja, said ... Read More »

President Bola Tinubu has welcomed the National Bureau of Statistics’ new report on the country’s trade balance. The report stated that Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95tn, essentially driven by exports to Europe, the United States and Asia. “The current surplus is 6.60 per cent higher than the N6.52tn surplus recorded in the ... Read More »