Court Orders Forfeiture Of Yakubu’s $9.8m To FG

A Federal High Court in Kano has ordered the forfeiture of the sum of $9,772,000 and £74,000 recovered from a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, to the Federal Government.

Comments

Post a Comment

Popular posts from this blog

Three Policemen, Others killed In Adamawa Herdsmen Attack

Image
Three communities in Adamawa state, have been thrown into mourning following an attack by herdsmen which has led to the death of three policemen scores of villagers and the abduction of one. At Kwayine village, some of the residents were seen burying the dead in the early hours of Sunday. The attack, coming after various alerts by the Adamawa community of fears about a likely attack, has left on its trail, damaged houses and abandoned police vehicles. Residents have however called on the authorities to provide better security to prevent further attacks by suspected Fulani herdsmen.
Read more

Wike Calls On Nigerians To Support Families Of Slain Officers

Image
The Rivers State Governor, Nyesom Wike has called on Nigerians to make direct investments in the lives of legionnaires and the families of late servicemen, who lost their lives defending the territorial integrity of the country. The governor made this known on Friday while speaking at the 2017 Emblem Appeal Launch marking the Armed Forces and Remembrance Day Celebration in Port Harcourt, Rivers State. He said the families of slain servicemen and legionnaires deserve all the support they can get from the people. “There is need for us to give them the required support. We must take legionnaires and families of slain servicemen as important as we take ourselves. “This is because they fought for this nation. They laid down their lives to ensure that we enjoy a peaceful nation”. According to the governor, Nigeria is still united because the military personnel fought for the country. He implored Nigerians to donate generously to the Emblem Appeal Launch. The governor al...
Read more

Deputy Speaker Suggests Way Out Of Nigeria’s Foreign Exchange Crisis

Image
Scarcity of the dollar and huge reliance on imported goods in Nigeria have been linked to the high exchange rate of the dollar to the Naira, a situation that has seen the parallel market rate rise to as much as 500 Naira to a dollar. The Nigerian government has explored several strategies to push the Naira up, including a flexible foreign exchange policy but the rate is still high, and has been stable at a the moment, hovering around 460 to 490 Naira to a dollar in the parallel market. However, the Deputy Speaker of the House of Representatives, Lasun Yusuf, thinks there is a solution found in a drastic decision that the nation has to take. Amidst this crisis is the reality that Nigeria is blessed with large arable land but the nation still imports food. Path Of Economic Doldrum Honourable Yusuff is, therefore, suggesting that an end should be put to incessant importation of food produce from other countries. Presenting three tractors and other implements to fa...
Read more