Author: Naija Daily News

The Economic and Financial Crimes Commission (EFCC) has re-arraigned Mamman Ali, son of former Peoples Democratic Party (PDP) chairman Ahmadu Ali, on charges related to an alleged N2.2 billion oil subsidy fraud. Ali, alongside Christian Taylor and Nasaman Oil Services Limited, appeared before Justice Mojisola Dada at the Lagos Special Offences Court in Ikeja on Wednesday. The defendants faced an amended 57-count charge. Initially arraigned on 49 counts, they were accused of conspiracy, obtaining money under pretenses, forgery, and using fraudulent documents—violations of the Advance Fee Fraud and Other Fraud-Related Offences Act 2006 and the Criminal Law of Lagos State…

The International Monetary Fund (IMF) has appointed Tony Elumelu to its newly established Advisory Council on Entrepreneurship and Growth. The council, convened by IMF Managing Director Kristalina Georgieva, aims to drive policies that foster innovation and sustainable private-sector-led economic growth. Elumelu is the founder and chairman of Heirs Holdings, and his appointment was announced in an official statement on Friday. The advisory council comprises global business leaders, policymakers, and academics committed to identifying and addressing regulatory barriers that hinder entrepreneurship. According to the IMF, the council is tasked with recommending policies that enhance resource allocation, stimulate innovation, and support economic…

The 15th Emir of Kano, Alhaji Aminu Ado Bayero, has cancelled this year’s annual Sallah Durbar amidst growing security concerns and an escalating power struggle over the Kano Emirate stool. The decision is informed by growing tensions between rival emirs and political factions in Nigeria’s most populous northern state, as the stool assumed more political connection. The Kano Emirate has been in turmoil since May 2024, when Governor Abba Kabir Yusuf dissolved the five emirates created by his predecessor and reinstated Alhaji Lamido Sanusi as the 16th Emir of Kano. Sanusi had been ousted in 2020 by then-Governor Abdullahi Ganduje,…

Operatives of the Delta State Police Command have arrested two suspects after a guest was found dead in a room at Century Home Hotel, Owhelogbo community, Isoko North Local Government Area of Delta State on Sunday. The hotel, owned by one Chief Joseph Oghole, which was shut down by the council authorities on Tuesday, is suspected of being a den for kidnapping and other nefarious activities. According to reports, the deceased, one Sunday Ogofotha had lodged in the hotel, Friday, with plans to attend a funeral ceremony the following day. But when he did not show up, his family became…

By Deborah Nnamdi The Nigerian National Petroleum Company Limited (NNPCL) has announced that it is nearing the final stages of preparation for its highly anticipated listing on the capital market, as stipulated by the Petroleum Industry Act 2021. In a statement issued on Thursday in Abuja, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, shared the update. Soneye also mentioned that the company’s Chief Finance and Investor Relations Officer, Mr. Olugbenga Oluwaniyi, provided insight into the development during a consultative meeting with partners at the NNPC headquarters. He said NNPC Ltd was currently engaging with prospective partners in an exercise tagged,…

By Deborah Nnamdi A 25-year-old man, Joseph Abodunrin took his own life in the Dagbolu community, located in the Osogbo Local Government Area of Osun State. The cause of his tragic decision was reportedly the burden of the rising cost of living in the country, which he allegedly said was affecting his mental health. His relative, Abodunrin Grace, confirmed his death on Thursday through a post on her X account. Grace, who referred to Joseph as her best brother, shared that he concealed his struggles behind a smile, often pretending that everything was fine while encouraging those around him. She…

By Deborah Nnamdi Bisola Kola-Daisi, the eldest child of the late former governor of Oyo State, Abiola Ajimobi, has passed away at the age of 42. Mrs. Kola-Daisi passed away in the United Kingdom, as confirmed in an announcement on Thursday. It is reported that she died after a brief illness. Her husband shared a tribute on social media, saying, “The world has lost a shining star. Bisola was not only my wife but my partner in everything. Her spirit will continue to live on through our children.” At the time of her death, she served as a Special Adviser…

By Agency Report Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, stated that Nigeria’s economy has experienced a period of relative stability over the last 18 to 20 months. Speaking at a Zoom dialogue session in Abuja on Thursday, Edun highlighted that the economy narrowly averted collapse after relying on illegally borrowed central bank funds, which had exceeded regulatory limits. Edun, who spoke during a Zoom dialogue meeting in Abuja on Thursday, said the economy narrowly avoided collapse, having survived on illegally borrowed central bank funds far beyond regulatory limits. “Where we are now is…

The UK government has released a list of unclaimed estates belonging to individuals from various countries who passed away in the United Kingdom, including 58 Nigerians. These estates have been classified as “Bona Vacantia,” meaning they have remained unclaimed for a significant period and have thus become the property of the Crown. In the latest update, released on Monday, March 24, the UK government disclosed that a total of 5,806 individuals from different countries died without any relatives coming forward to claim their properties. The published list includes the names, birth and death dates, and places of death of the…

By Douglas Maha, Abuja Ten states and the Federal Capital Territory of Nigeria’s 36 states have fully implemented the Contributory Pension Scheme (CPS) as of 31 December 2024. Data from the National Pension Commission of Nigeria show that Lagos leads the compliant states, which include the FCT, Osun, Kaduna, Ekiti, Edo, Ondo, Delta, Benue, Anambra and Jigawa. Two Niger Delta states, Akwa Ibom and Cross River, join Kwara, Plateau and Yobe in the list of states that are yet to commence implementation of the scheme, according to PENCOM. It said, “These states are yet to enact their CPS laws and…