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N1.4bn subsidy fraud: EFCC chairman, Bawa testifies against oil firm

Punch Newspapers Sections Oluwatosin Omojuyigbe The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Wednesday testified before the Lagos State High Court in Ikeja in an alleged N1.4bn subsidy fraud suit against an oil company, Nadabo Energy. The EFCC had accused Abubakar Peters and his company, Nadabo Energy, of allegedly using forged documents to obtain N1,464,961,978.24 from the Federal Government as an oil subsidy after allegedly inflating the quantity of prem...
Lagos State Justice Christopher Balogun Seidu Atteh Jide Akpan Oluwatosin Omojuyigbe Abubakar Peters

Warren Buffett's net worth surpasses $100bn, Forbes says – Punch Newspapers

Punch Newspapers Sections Published 11 March 2021 US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, Forbes magazine reported. The share price of his company, Berkshire Hathaway, reached a record level Wednesday, pushing his fortune to $100.3 billion — the first time that his net worth has crossed the $100 billion threshold. Buffett, 90, known as the “Oracle...
Elon Musk Bernard Arnault Bill Gates Jeff Bezos Mark Zuckerberg Berkshire Hathaway

OPC tags Fani-Kayode lying merchant, misinformation expert

OPC tags Fani-Kayode lying merchant, misinformation expert Olufemi Olaniyi, Ibadan The Coordinator of the Oodua Peoples Congress in Oyo State, Mr Rotimi Olumo, has described a former Minister of Aviation, Femi Fani-Kayode, as a ‘lie merchant and an expert in misinformation.’ Olumo said this in a statement on Wednesday following a claim by Fani-Kayode that the Fulani warlord, Abdullah Iskilu-Wakili, captured by OPC members on Sunday was not the real Wakili tormenting the people of Ibarapalan...
Abuja Federal Capital Territory Oyo State Nigeria General Rotimi Olumo Olufemi Olaniyi Abdullah Iskilu Wakili

Osinbajo wades into Imo APC crisis, meets Okorocha

Punch Newspapers Sections John Alechenu, Abuja  The Vice President, Prof. Yemi Osinbajo, on Wednesday, held a closed-door meeting with the Senator representing Imo West Senatorial District, Rochas Okorocha, at the Presidential Villa, Abuja, in a bid to resolve the political crisis in Imo State. Okorocha, a former governor of the state is embroiled in a political feud with his successor and fellow member of the All Progressives Congress, Governor Hope Uzodinma. Speaking to State House correspon...
Abuja Federal Capital Territory Yemi Osinbajo Rochas Okorocha John Alechenu Lehigh College Royal Spring Palm Hotel

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Senate pledges gender parity in constitution amendment

Punch Newspapers Sections Sunday Aborisade, Abuja THE National Assembly has expressed its readiness to amend the Constitution to ensure gender parity and enact laws to improve the fortunes of women and girls in Nigeria. This was just as the Senate resolved to expunge provisions of the law as contained in the Police Act, Federal Character Law, Electoral Act, Labour Act and Political Parties constitutions, which infringed on the rights of women in Nigeria. The decision was conveyed amidst resolut...
Abuja Federal Capital Territory Nigeria General Abiodun Olujimi Ekiti Betty Apiafi Uche Lillian Ekwunife Anambra Stella Oduah Anambra

Edo police confirm kidnap of two students, lecturer

Punch Newspapers Sections Adeyinka Adedipe The Edo State Police Command has confirmed the kidnap of three people at the National Institute of Construction Technology, Uromi, Esan North East Local Government Area of Edo State. The state Police Public Relations Officer, SP Bello Kontongs, confirmed the incident and said the police were on the trail of the gunmen. “It is true, three persons were kidnapped, two students and one staff. The police are after the kidnappers and we will get them,” h...
Abuja Federal Capital Territory Edo State Godwin Osakwe Adeyinka Adedipe Bello Kontongs Edo State Police

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