NSA probes N15bn recovery

The National Security Adviser (NSA), Major General Mohammed Monguno (rtd), has begun an investigation into the recovery of about N15 billion by the Economic and Financial Crimes Commission (EFCC). This is as President Muhammadu Buhari has directed the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), to submit a report on the recovery. The EFCC had, last week Wednesday, recovered $43.4 million, £27,800 and N23.2 million totalling about N15 billion from a private apartment at the Osborne Towers in Ikoyi, Lagos. New Telegraph was informed…

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Is Arik slipping into oblivion?

Government is at a crossroads on what to do with Arik Air, having injected N1.5 billion since it took over the carrier. It’s time to take far reaching decision on the airline’s future, writes WOLE SHADARE   Arik on life support For those who don’t know, Arik Air is currently dying a slow death and here are some of the signs. The airline has just five aircraft from the over 29 it acquired when it made a debut 10 years ago. It purportedly came with a difference with state-of-the-art aircraft,…

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Amaechi demands N750m, N500m from Fayose, Fani-Kayode

The Minister of Transportation, Mr. Rotimi Amaechi, has threatened to sue the Ekiti State Governor, Ayo Fayose, and a former Minister of Aviation, Chief Femi Fani-Kayode, if they did not retract the allegation that the $43 million recovered by the Economic and Financial Crimes Commission (EFCC) in Ikoyi last week belonged to him within seven days. Amaechi is also demanding the sum of N750 million from Fayose and N500 million from Fani- Kayode as compensation for the malicious and defamatory claim. Fayose had, through his spokesman, Lere Olayinka, on his…

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Recovered N15bn above what FG’s agency can keep –Sagay, SANs

Three Senior Advocates of Nigeria (SAN); Prof. Itse Sagay, Dr. Biodun Layonu, Mr. Seyi Sowemimo and the second Vice-President of the Nigerian Bar Association (NBA), Mr. Monday Ubani, have said that the sums of $43,449,947, £27,800 and N23,218,000 totalling about N15 billion recovered by the Economic and Financial Crimes Commission (EFCC) from an apartment in Ikoyi area of Lagos were far in excess of what an agency of government can keep. They made the observation while reacting to reported claim by the National Intelligence Agency (NIA), Nigeria’s external secret police,…

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PDP to Buhari: Your scorecard is very poor

Oyegun: You’re talking nonsense   The People’s Democratic Party (PDP) has taken a critical assessment of the almost two-year-old All Progressives Congress (APC)-led Federal Government and returned a damning verdict: President Muhammadu Buhari has failed in every facet of the nation’s life. The party, which based its assessment on President Muhammadu Buhari’s Easter message to Nigerians, said Mr. President claimed achievements were insult to the intelligence of Nigerians who have been at the receiving end of his government’s mismanagement in the last two years. Spokesperson for the PDP National Caretaker…

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EFCC, humongous money ‘discoveries’ and circus shows

The farcical story that National Intelligence Agency (NIA), Nigeria’s external secret Police, has claimed ownership of the large hill of $43.4 million, £27,800 and N23.2 million heretic is total hogwash, bunkun and balderdash. Let this government and its minions credit Nigerians with some modicum of sense and capacity to reason, even with their valiant attempts to cow, browbeat and intimidate all opposition elements and critical voices in their so-called corruption war. At least, not even the terror halo cast on our individual and collective psyche has dulled our analytical minds….

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