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The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of the House ad hoc committee on Gas Flaring on Monday, charged the committee to get to the root causes of gas flaring and make recommendations to end the menace. He said that […]
Days after the management of the Nigerian Ports Authority and the Lagos State Government commenced the clearing of shanties along the port access roads, the NPA has said there is an increasing extortion along the access roads of the Lagos and Tin Can Island Port Complexes. This was contained in a statement on Tuesday by NPA. The authority had between July 16 and 18, rid the port corridor of shanties […]
The Nigerian Navy has excavated and dismantled oil equipment of a suspected oil syndicate on Oil Mining Lease-18 in Elem Krakama Creek in the Degema Local Government Area of Rivers State. The Navy said it dismantled the equipment used in siphoning crude precisely on Oil Well 17 operated by the Nigerian National Petroleum Company Limited. The Commander, Nigerian Navy Ship Pathfinder, Commodore Suleman Ibrahim, said the Navy spotted the illicit […]
A civil society organisation, Human and Environmental Agenda, has demanded a “thorough, immediate and urgent investigation” into the alleged N1bn car gifts by the immediate-past Attorney General of the Federation and Minister of Justice, Abubakar Malami, to his supporters in Kebbi State. The anti-corruption group, in a petition to the Independent Corrupt Practices and other Related Offences Commission, also demanded Malami’s probe over several allegations of corruption and abuse of […]
The Otun Olubadan of Ibadan, Chief Rashidi Ladoja, has dragged the Oyo State Governor, Seyi Makinde and the Olubadan of Ibadanland, Oba Lekan Balogun to court over the recent elevation of 10 Ibadan High Chiefs to beaded crown-wearing Obas. In the suit filed before the Oyo State High Court in Ibadan, Ladoja also joined the newly-elevated Obas as defendants. It will also be recalled that the governor last Friday presented […]
The Lagos State Governor, Mr Babajide Sanwo-Olu, has felicitated Nobel laureate, Prof. Oluwole Soyinka, on his 89th birthday. Sanwo-Olu in a congratulatory message issued on Wednesday by his Chief Press Secretary, Mr Gboyega Akosile, described Prof. Soyinka as “a quintessential scholar and literary icon who has used his position and experience to contribute positively to literature, academics and governance globally.” Prof. Soyinka, a 1986 Nobel Prize in Literature winner and […]
La Gazzetta dello Sport confirms Napoli star Victor Osimhen is PSG’s primary transfer target if Kylian Mbappé leaves this summer. Mbappé has openly admitted that he’s planning to leave PSG on a free transfer at the end of his contract in June 2024, but the Ligue 1 giants want to sell him this summer if he doesn’t sign a new deal with the club. Sunday’s printed edition of La Gazzetta dello […]
Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings. The total tax was raised from Value Added Tax and Company Income Tax. According to the Federal Inland Revenue Service, CIT is a 30 per cent tax imposed on the profit of companies and VAT is a 7.5 […]
A report by FITC has revealed that bank customers in Nigeria lost N472m to fraud in the first quarter of 2023. It was also disclosed that there was a total of 12,553 cases of fraud recorded within this period. This was according to the Q1 report obtained by The PUNCH from the website of FITC. FITC’s institutional members are members of the Nigerian Banker’s Committee, which comprises the Central Bank […]
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