EFCC detains NAHCON chair, recovers 314,098 Saudi Riyal

EFCC detains NAHCON chair, recovers 314,098 Saudi Riyal

The Executive Chairman of the National Hajj Commission of Nigeria, Jalal Arabi, and the commission’s secretary, Abdullahi Kontagora, are currently in the custody of the Economic and Financial Crimes Commission over the alleged mismanagement of the N90bn 2024 Hajj subsidy, The PUNCH learnt on Wednesday. In a document sighted by our correspondent on Wednesday, the anti-graft agency said, “A total of SR314,098 was recovered,” from the NAHCON chairman and other […]

August 15, 2024 23

BUSINESS

FG begins duty-free import of food items

The Nigeria Customs Service has been directed to start the implementation of the zero per cent import duty and exemption of Value-Added Tax on basic food items, This was after President Bola Tinubu approved the implementation of zero per cent import duty and exemption of Value-Added Tax on basic food items. The Ministry of Finance confirmed the approval in a letter to the Nigeria Customs Service dated August 8, 2024. […]

August 15, 2024 11

NEWS

Food crisis: Military deploys troops in North-West, N’Central farms

Farmers associations laud Tinubu, say move will boost harvest, tackle food insecurity •Deployment will grant farmers access to farms, ensure hitch-free planting season – DHQ The Defence Headquarters has said troops have been deployed across farms in the northern parts of the country, especially in the North West and North Central. According to the military high command, the deployment was to ensure the adequate protection of farmers from bandits, terrorists […]

August 15, 2024 11

POLITICS

Ganduje’s corruption case documents stolen during protest – Gov

Kano State Governor, Abba Yusuf, on Wednesday, undertook an on-the-spot assessment of the Kano State High Court, which was vandalised, looted and razed amid the recent nationwide hunger protest, which turned violent in parts of the North. Yusuf, during the tour, regretted the invasion and destruction of the state high court by hoodlums, lamenting that “the hired miscreants carted away corruption charges documents on former Governor of Kano State, Abdullahi […]

August 15, 2024 22

BUSINESS

Dangote stocks decline amid merger denial, forex crisis

The recent decrease in the stock prices of the Dangote Group, which includes Dangote Sugar Refinery and NASCON Allied Industries, has been attributed to foreign exchange losses and the Securities and Exchange Commission’s decision to reject their merger request. Analysts suggested that the ongoing inflationary pressures and forex volatility have worsened these challenges. The depreciation of the naira has increased the cost of importing raw materials, further squeezing profit margins. […]

August 15, 2024 62

NEWS

Mikel, Drogba lure Osimhen to Chelsea

ormer Chelsea midfielder Mikel Obi has categorically stated that he will do his utmost to see compatriot Victor Osimhen sign for the London club. The former Super Eagles captain, in a video posted on X, added that another club legend, Didier Drogba, was also in contact with the Napoli striker, as they hoped to convince him to make a switch to Stamford Bridge. Osimhen’s future remains the subject of intense viral […]

August 15, 2024 15

NEWS

AVEVA improves software with new features

AVEVA, an industrial software vendor, has announced new features and flexible pricing models for its InTouch Unlimited software, designed to help businesses easily develop, deploy, and scale their industrial applications. The software firm said in a press statement on Monday that the newly enhanced software package offered an all-inclusive licensing model available in both perpetual and subscription formats, providing unlimited tags, clients, and scalability. The update also introduces advanced process […]

August 15, 2024 12

NEWS

Hunger protest: Police begin trial of 1,135 detained demonstrators

Several state Police Commands in the northern part of the country have begun the prosecution of arrested protesters during the 10-day #EndBadGovernanceInNigeria nationwide protest. While the protests were relatively peaceful in the South, it turned violent in the North with several lives lost, property worth billions of naira destroyed, leading to the declaration of curfew in no fewer than five states. The protests, which held from August 1-10, was against […]

August 12, 2024 8

NEWS

ICPC grills top NAHCON officials over N90bn Hajj subsidy

Some top officials of the National Hajj Commission of Nigeria have been arrested by the Independent Corrupt Practices and Other Related Offences Commission over alleged mismanagement or diversion of the N90bn released by the Federal Government to subsidise the 2024 Hajj pilgrimage to Saudi Arabia. The officials were arrested in their offices and taken to the anti-graft agency’s office following their failure to honour earlier invitations extended to them by […]

August 12, 2024 9

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