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EXCLUSIVE: National Steel Council Uncovers 'Over N1Billion Fraud', Asks Nigeria's Steel Development Minister To Suspend Executive Secretary, Musafari Pending Probe Conclusion

The National Steel Council (NSC) in Abuja has informed Minister of Steel Development, Shuaibu Abubakar Audu, of an alleged over N1 billion fraud that it linked to its Executive Secretary, Ambassador Abdulqadir Musafari. The council, in a March 15, 2024 letter, told the minister that Musafari had allegedly “failed, refused and/or neglected to avail the Council of any information concerning his activities on behalf of the council, if duly authorized." ....

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How Former Nigerian Central Bank Gov, Emefiele Awarded Multi-billion Naira Contracts to Wife, Brother-In-Law, Associates –Witness

A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Monday told Justice Hamza Muazu of the Federal Capital Territory High Court, Abuja, how Emefiele allegedly signed and approved the award and payments of contracts to April 1616 Investment Limited and Architekon Nigeria Limited. The companies allegedly belong to Sa’adatu Ramalan Yero, his wife, Margaret Emefiele and his brother-in-law respectively.   ....

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Stallion breaks silence on issues with UBA

Stallion Group has clarified matters between it and one of its bankers, UBA, arising from issues that arose over the course of banking. In a statement issued on Monday, Alhaji Tajudeen Olalere. Executive Director Stallion Group, said the issue was a normal one between the conglomerate and the bank. Our attention has been drawn to… ....

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