Sources: Sylva resigns as minister of state for petroleum resources
Timipre Sylva, minister of state for petroleum resources, has resigned from office. According to a source at the ministry, Sylva plans to run in the upcoming Bayelsa governorship election, which will take place on November 11, 2023. The source said he will be participating in the primary election of the All Progressives […]
Fayose threatens lawsuit, gives PDP 72 hours to apologise for suspending him
Ayodele Fayose, former governor of Ekiti state, has asked the Peoples Democratic Party (PDP) to apologise for suspending him from the party. On March 24, the PDP national working committee (NWC) suspended Fayose and some members of the party over alleged anti-party activities. On Thursday, the PDP reversed the decision and asked […]
Bribery: Court jails Chinese nationals for offering N50m cash to EFCC official
The court of appeal in Sokoto has sentenced two Chinese nationals, Meng Wei Kun and Xu Kuai, to six years imprisonment for fraud. The Economic and Financial Crimes Commission (EFCC) arraigned the convicts before a federal high court in Sokoto on a three-count charge bordering on conspiracy, money laundering, and attempted bribery to […]
Oando to become private firm as core investor offers buyout of minority shareholders
Oando Plc says it has received an offer from Ocean and Oil Development Partners Limited (OODP), an investment company, to acquire the shares of all minority shareholders. In a statement on Thursday, signed by Ayotola Jagun, chief compliance officer/company secretary, Oando said if the conditions of the transaction with OODP, its core investor, […]
Achimugu to CCB: I am nobody’s toy — send me a personal invitation
Michael Achimugu, a former aide to Atiku Abubakar, says he would not visit the office of the Code of Conduct Bureau (CCB) until he receives an invitation addressed to him. The CCB had sent an invitation to Festus Keyamo, spokesperson of the All Progressives Congress (APC) presidential campaign council, over a petition he […]
Police arrest Portable after 72-hour ultimatum
Portable, the controversial singer, has been arrested by officers of the Ogun state police command. Source: Top Stories
APC governors ask DSS to arrest ‘unpatriotic elements’ behind ‘evil’ interim government plot
Governors elected on the platform of the All Progressives Congress (APC) have asked the Department of State Services (DSS) to arrest and prosecute those planning to install an interim government. On Wednesday, the secret police said it confirmed a plot “by some key players” to install an interim government and stop Bola Ahmed […]
Chimaroke Nnamani: South-east should align with Tinubu’s government, negotiate for political largesse
Chimaroke Nnamani, senator representing Enugu south, says the south-east geopolitical zone should support the administration of Bola Tinubu when he is eventually sworn in as president of the country. Nnamani, who was recently expelled from the Peoples Democratic Party (PDP), has been consistent about his support for Tinubu, the president-elect. The country’s […]
NSIA’s total assets increased to N1.02trn in 2022 — up by 10.5% in a year
The Nigeria Sovereign Investment Authority (NSIA) says its total assets grew to N1.02 trillion at the close of the financial year which ended December 31, 2022. In its 2022 full-year audited results released on Thursday, the investment institution said the asset growth indicated a 10.5 percent increase from the N919.73 billion recorded in […]
MAN IN THE NEWS: Unkept promise, convention gaffe — the beginning and end of Ayu as PDP chairman
A promise not kept, failure to leave the stage when the ovation was loudest, unguided political statements, war of political relevance — these, and other factors, are arguably the steps through which Iyorchia Ayu took his descent as the national chairman of the Peoples Democratic Party (PDP), Nigeria’s main opposition party. This probably will […]