More scandalous details about the security report that prompted the senate to reject the nomination of Ibrahim Magu as chairman of the Economic and Financial Crimes Commission (EFCC). In the report allegedly submitted by the DSS, Magu is accused of living in a N40million mansion paid for by one Umar Mohammed, a retired air commodore […]
Continue ReadingAfter postponing the confirmation of Ibrahim Magu as Chairman of the Economic and Financial Crimes Commission (EFCC) on more than one occassion, Nigerian Senate has refused to grant confirmation to the nomination of the former. Explaining the reason behind the decision, the Senate said that security report available to it, showed that Mr Magu is […]
Continue ReadingPresident Muhammadu Buhari of Nigeria has earmarked N213 billion to fast-track the modernization of the nation’s railway system in 2017 fiscal year. He made this known while presenting 2017 budget estimates before the joint session of the National Assembly. The president said the amount would represent the counterpart funding for the Lagos-Kano, Calabar-Lagos, Ajaokuta-Itakpe- Warri […]
Continue ReadingPresident Muhammadu Buhari on Wednesday formally presented a N7.28 trillion budget for 2017 to the joint session of the National Assembly for approval. The 2017 budget which is higher than the N6.07 trillion 2016 Appropriation by about 19.95 per cent, is called the “Budget of Recovery & Growth”. Details of the proposed budget showed that it […]
Continue ReadingThe self-acclaimed leader of the Indigenous People of Biafra (IPOB) and director of Radio Biafra, Nnamdi Kanu, says Nigeria will collapse when he gives his testimony in court. Kanu, who spoke from the dock, said this in protest of Justice Binta Nyako’s decision to shield witnesses that would testify against him at her court. “Buhari went […]
Continue ReadingThe Minister of Budget and National Planning, Udoma Udoma says that the Federal Government will issue new oil licences as part of efforts to explore new streams of revenues to fund the 2017 budget. Udoma made this known when he appeared before the Senate Joint Committee on Appropriation and Finance to defend the revised Medium Term […]
Continue ReadingPresident Muhammadu Buhari has expressed the hope that the 2017 budget which he will present before the National Assembly on Wednesday, will get the nation out of its economic woods. The President made this known in his 2016 Eid-El-Maulud message to the nation. The message was made available to newsmen in Abuja on Sunday. According […]
Continue ReadingDear Compatriots, Again the calendar of life has brought us into another period of celebration, and deep reflection. Celebration, because we are marking the birth of Prophet Mohammed (Peace Be Upon Him), and deep reflection, because it is another opportunity of pausing, taking a deep breath and reflecting on the current realities before us. First […]
Continue ReadingSergey Mavrodi, founder of MMM, has written an open letter to the Nigerian government to justify the importance of the popular Ponzi scheme. The News Agency of Nigeria (NAN) reports that the letter was displayed on the page of all participants of the scheme. Mavrodi warned the federal government that if the Ponzi scheme collapses, […]
Continue ReadingThe presidency has stated that President Muhammadu Buhari did not order the use of national identity cards for the conduct of 2019 general elections. Laolu Akande, senior special assistant to the vice-president on media and publicity, said this in a statement released on Friday. He said: “Our attention has been drawn to some misleading newspaper […]
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