Four Lagos drug lords jailed 28 years, forfeit VGC houses

Four Lagos drug lords jailed 28 years, forfeit VGC houses

Four drug kingpins involved in the historic seizure of 2,139.55 kilograms of cocaine at an Ikorodu residential estate in 2022 have been sentenced by a Federal High Court in Lagos. The convicts —Soji Jubril Oke, 71; Wasiu Akinade, 55; Emmanuel Arinze Chukwu, 67; and Kelvin Christopher Smith, 44, a Jamaican— were arrested by the Nigeria Drug Law Enforcement Agency operatives in various locations across Lagos between Sunday night, September 18, […]

December 27, 2024 7

NEWS

Four marketers spend N833bn on fuel imports – Report

Nigeria’s major oil marketers have significantly benefited from the Federal Government’s recent policy to eliminate subsidies on petroleum products. This change has allowed marketers to operate in a more market-driven environment, leading to substantial financial gains. In the first nine months of 2024, four prominent oil marketers reported significant revenue gain, earning a total sum of N1.3tn from the sales of petroleum products to Nigerians. Despite the considerable costs involved […]

November 4, 2024 23

BUSINESS

Govt borrows N11tn via bonds, T-bills in four months

The Federal Government has raised a total sum of N11tn through auctions and sales of Treasury bills and saving bonds issuance in four months, according to findings by The PUNCH An analysis of bonds and bills results issued this year by the Central Bank and the Debt Management Office showed that the government had raised N3.1trn in FGN bonds and 7.92trn in T-bills between January and April 2024, totalling N11.2trn. These […]

May 3, 2024 10

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