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Governance / Page 50
Alleged ₦2.7bn Fraud: Sirika Arraigned, Pleads Not Guilty, Gets ₦100m Bail
Sirika was arraigned before Justice Sylvanus Oriji at the Federal High Court in Abuja along with his daughter, Fatima, his son-in-law, Jalal Sule Hamma, and a firm – Al Buraq Global Investment Limited. The daughter and son-in-law also pleaded not guilty to the six-count charges when read to them. Following their denial of the fraud […]
New Electricity Tariff To Cut Subsidy Spending By N1.14 Trillion – NERC
The Nigerian Electricity Regulatory Commission (NERC) anticipates that the new tariff increase will lower subsidy expenditures by approximately N1.14 trillion in the 2024 fiscal year. Musliu Oseni, the vice-chairman of NERC, said this in a statement on Wednesday. ”With the newly approved tariffs, subsidies for the 2024 fiscal year are expected to reduce by about […]
Customs Reports N1.3 Trillion Revenue In Q1 2024.
The Nigeria Customs Service reports revenue exceeding N1.3 trillion in the first quarter of 2024. NCS Comptroller General Adewale Adeniyi revealed this on Wednesday in Abuja during a briefing on the company’s first-quarter 2024 activities. “The total revenue collected during this period amounted to N1,347,675,608,972.75. The collection for the first quarter represents a substantial increase […]
Illegal Fuel Depot Discovered In Lagos, Five Arrested
The Nigerian Navy Ship (NNS) Beecroft on Tuesday, uncovered an illegal fuel depot at No 3 Silver Bird Road, Ilasun Lekki, leading to the arrest of five suspects. Mr. Ahmed Ariyo, the syndicate leader, was arrested along with four others in a private apartment where they conducted their illegal activities. In a statement by Lieutenant […]