Termites ‘eat up’ NSITF documents containing expenditures worth N17bn Details of expenditure are contained in the 2018 Audit Report of the Office of the Auditor General of the Federation (OAuGF). ByQueenEsther Iroanusi August 15, 2022 Reading Time: 3 mins read Termites have allegedly eaten up some documents of the Nigeria Social Insurance Trust Fund […]
The senate committee on power has summoned Chiedu Ugbo, the managing director of the Niger Delta Power Holding Company (NDPHC), over the alleged mismanagement of $500 million electricity assets, TheCable understands. The NDPHC is jointly owned by the federal government, states and LGAs to manage the National Integrated Power Projects (NIPPs). The senate committee […]
’ THE Federal Government, Thursday, said it has recovered over N3.2bn (£6,324,627.66) of stolen monies from various jurisdictions globally from March 2021 to May 2022. The government also said that the present administration has secured over 1,000 convictions on terrorism related cases within its first 18 months. The Attorney-General of the Federation, AGF, and Minister […]
Ahmed Idris, suspended accountant-general of the federation, is seeking a plea bargain in a criminal suit preferred against him by the Economic and Financial Crimes Commission (EFCC). In May, TheCable had reported how Idris was arrested in Kano after he failed to respond to invitations by the commission to answer questions over the allegation […]
Security sources have disclosed that the real looting of Nigeria’s crude oil and its by-products is neither through illegal bunkering, refining nor pipeline vandalism, but via highly placed government officials-enabled undocumented shipments of large scale hydro-carbon products worth over $1.2 billion to Europe and the Americas. The sources noted that while all eyes are […]
A High Court of the Federal Capital Territory, FCT, sitting at Maitama, on Tuesday, revoked the bail it earlier granted to Mohammed Usman, who is the third defendant in the 14-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against the former Accountant-General of the Federation, Ahmed Idris. EFCC alleged that […]
The 14th Emir of Kano, Sanusi Lamido Sanusi, has lamented the current state of the nation, saying Nigeria will not be where it is if public office holders take their job seriously. Sanusi, who spoke in Lagos on Sunday at a stage play titled “Emir Sanusi: Truth in Time”, charged politicians to be accountable […]
M.E. Sherriff & Co, a law firm contracted to trace and recover some properties belonging to the federal government, has denied sale of the assets. Abubakar Malami, attorney-general of the federation (AGF), had reportedly secretly granted a company and its attorneys a multibillion-naira asset recovery contract. The AGF was said to have given the […]
Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will go after persons and organisations hoarding foreign currencies, especially dollars, across the country. According to a statement by Wilson Uwujaren, EFCC spokesperson, Bawa said this on Friday at a meeting with representatives of Bureau De Change (BDC) operators in […]
Ladidi Mohammed, head of asset recovery and management unit, ministry of justice, is being grilled by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud, TheCable can report. Mohammed, who is very close to Abubakar Malami, attorney-general and minister of justice, was initially detained for a number of days by the EFCC […]
