Special Focus

By Bassey Udo Pursuant to the November 15, 2021 directive by the Attorney General of the Federation and Minister of Justice, Abubakar Malami, the Director of Public Prosecution (DPP), Babadoko Mohammed, on Tuesday effectively took over the prosecution of the petitioner in the alleged N170.3 million Federal Inland Revenue Service…

By Bassey Udo Under the CBN Act of 2007, the core mandate of the Central Bank of Nigeria covers “the overall control and administration of the monetary and financial sector policies of the Federal Government, to ensure, among other functions, monetary and price stability; maintaining external reserves; promoting a sound…

By Bassey Udo Amid the impact of the COVID-19 pandemic, which devastated the global economy, including Nigeria, the Godwin Emefiele-led Central Bank of Nigeria has managed to steer the country’s economy to not only remain vibrant, but diversified. Through innovative coordination of monetary policy instruments with fiscal policies and programmes,…

By Bassey Udo With crude oil theft and vandslism posing a clear and present threat to the growth of the country’s oil and gas industry as well as the economy, the Minister of State for Petroleum Resources, Timipre Sylva, and the Group Managing Director of the Nigerian National Petroleum Company…

By Bassey Udo The indefinite suspension of the June 2022 deadline for the final removal of subsidy from the country’s petroleum products pricing template was informed by the spiraling socio-economic conditions in the coutry, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Monday. At the recent…

By Bassey Udo Friday’s ruling of the Appeal Court in Abuja giving the Bureau of Public Enterprises (BPE) 30 days to comply with the order of the Supreme Court over the ownership of the Aluminium Smelter Company of Nigeria (ALSCON) is part of a grand scheme by BFIGroup to possess…

By Bassey Udo The Appeal Court in Abuja on Friday affirmed the order of the Federal High Court, Abuja for the arrest and imprisonment of the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, for contempt and disobedience of Supreme Court orders over the ownership of Aluminium Smelter…

By Bassey Udo The Director of Public Prosecution (DPP) on Tuesday formally took over the prosecution from the police of a businessman accused of “false petitioning” over an N170.3 million contract fraud. In 2016, the police arraigned in controversial circumstances the Managing Director of an Ibadan-based IT retail firm, Citadel…

By Bassey Udo The ineffective governance, operation and management of the Integrated Personnel and Payroll Information System (IPPIS) and the Government Integrated Financial Management System (GIFMIS) may have cost the Federal Government several billions in losses annually, the Office of the Auditor General of the Federation (OAuGF) has uncovered. The…

By Bassey Udo Four top officials of Zinox Technologies Limited and its affiliate, Technology Distributions (TD) Limited have again lost another attempt to shield themselves from police investigation and prosecution over their roles in an N170.3 million contract fraud they are named as suspects. The top officials are Chioma Ekeh,…