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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Eight die, 24 injured in Lagos, Ogun

Eight people lost their lives yesterday while about 19 others were injured in auto crashes in Lagos and Ogun states. Five people were burnt to death yesterday while five others were injured at the popular Barracks Bus Stop, Surulere when a Volkswagen commercial bus known as Danfo caught fire while descending from the popular National Stadium Bridge on Funsho Williams Avenue. Pedestrians and other sympathisers could hold back tears watching the gory scene of the mangled and burnt bodies of the victims which littered the road. A child, three women…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Economic recession: PDP asked to apologise to Nigerians, Buhari

An political group, Buhari Support Organisation (BSO), Enugu State chapter, has demanded an apology from the Peoples Democratic Party (PDP) over what it described as the damage inflicted on the Nigerian economy by the immediate past administration of Dr Goodluck Jonathan. BSO made the request while reacting to statement issued by the Ahmed Makarfi faction of the PDP on President Muhammadu Buhari’s Easter message. Speaking through its Publicity Secretary, Mr Eze Chibueze, the group said the PDP should rather apologise to Nigerians, instead of ‘insulting our collective intelligence with their…

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