July 16, 2020

Imo Govt Slashes Revised Budget From ₦140bn To ₦89bn

Imo Govt Slashes Revised Budget From ₦140bn To ₦89bn

July 16, 2020 7:27 am

In a fresh development, the Imo state government has finalised on the state’s budget review thereby arriving at the decision to slash the state’s budget from ₦140bn to a considerable ₦89bn.

Imo State, Commissioner for Information and Strategy, Declan Emelumba who made the announcement yesterday at the Sam Mbakwe Executive Council Chambers, Government Hous told newsmen that on the directives of the State Governor, Senator Hope Uzodinma, the council had decided to trim the state budget to align with the economic discrepancies which the state is going through.

He said that the Federal Allocation and the State Internally Generated Revenue

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Prince Arthur Eze's Narratives On Igbos And Nigeria Project

Prince Arthur Eze’s Narratives On Igbos And Nigeria Project

July 16, 2020 6:59 am

I had in the past written in defence of this rare Igbo man called Arthur. This agent of God had won my admiration compelling me to name my first son 22 years ago, Arthur. I have never and I am yet to see an Igbo man who selflessly dispensed and still dispenses kindness and mercy like Arthur Eze.

A man who dispenses kindness on impulse without expectation of any interest and or self idolation. He does not help because he wants to use your inabillity, disability or want  to cury favour or political gains. A highly and very detraiblised Nigerian. …

FG Loses N34bn Fraud Case Against Tompolo’s Firm, Others

FG Loses ₦34bn Fraud Case Against Tompolo’s Firm, Others

July 16, 2020 4:43 am

The Federal High Court in Lagos on Wednesday dismissed the entire 40 counts bordering on alleged ₦34bn fraud filed by the Federal Government against Global West Vessel Specialist Limited, a company linked to a former Niger Delta militant leader, Government Ekpemupolo, alias Tompolo.

The other defendants in the case were a former Director-General of the Nigerian Maritime Administration and Safety Agency, Patrick Akpolokemi, Kime Engozu, Rex Elem, Gregory Mbonu and Warredi Enisuoh.

Three other firms – Odimiri Electrical Limited; Boloboere Property and Estate Limited; and Destre Consult Limited – were also defendants in the criminal case filed by the Economic …

How Two Chinese Attempted To Bribe Us With ₦50m – EFCC

How Two Chinese Attempted To Bribe Us With ₦50m – EFCC

July 16, 2020 4:38 am
The Sokoto Zonal Head of Operations of the Economic and Financial Crimes Commission, (EFCC), Abdullahi Lawal, on Wednesday told a Sokoto State High Court, sitting in Sokoto, that two Chinese: Meng Wei Kun and Xu Kuai offered him a bribe ₦50 million on behalf of a construction company China Zhonghao Nig. Ltd

The company is being investigated over contracts it was awarded by the Zamfara State Government, in the sum of over Sixty Billion Naira (₦60, 000,000,000.00) between 2012 and 2019. The bribe was allegedly offered to compromise an ongoing investigation by the EFCC.

Lawal told the court presided over …

$10m Stolen By Bitcoin Scammers In Biggest Heist On Twitter

$10m Stolen By Bitcoin Scammers In Biggest Heist On Twitter

July 16, 2020 4:37 am

Official Twitter handles belonging to high profile individuals such as Barack Obama, Joe Biden and Bill Gates were hacked Wednesday to promote a Bitcoin scam.

Others affected were Elon Musk, Kanye West, Michael Bloomberg, Warren Buffett and  the world’s richest man Jeff Bezos.

Hacked people and organisations include Gemini, #Binance, Binance’s CEO, #Coinbase, CoinDesk, and KuCoin, said Hacker News.

According to Bloomberg, all the compromised accounts sent out tweets promising to double the money sent by anyone sending money via Bitcoin within the next 30 minutes.

The official twitter handles of Uber and Apple posted similar tweets with the scam …

₦28m Fraud - Stop Acting Like A Saint – Fayose Blasts Falana

₦28m Fraud: Stop Acting Like A Saint – Fayose Blasts Falana

July 16, 2020 4:36 am

Ayodele Fayose, a former Governor of Ekiti State, has told Femi Falana (SAN) activist lawyer, to clear his name of the allegations that he (Falana) received ₦28 million from Ibrahim Magu, the suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC.

Fayose feels Falana should go to court instead of merely threatening to do so.

Recall that the human rights lawyer had refuted reports alleging that he received the sum of N28 million from Magu.

This was after Africa Daily News, New York quoted a report obtained by the News Agency of Nigeria, NAN, from the Presidential Investigation …

'It’s A Case Of Dog Eats Dog' – Magu Speaks After Release

‘It’s A Case Of Dog Eats Dog’ – Magu Speaks After Release

July 16, 2020 4:35 am

The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has labelled the allegations levelled against him as “nonsense”.

Magu stated this while speaking with newsmen hours after his release from detention.

Read Also: Police Writes Magu, Insists He Is Being Detained By Presidency

He expressed shock at the allegations, which he claimed were trumped-up to tarnish his image.

“They are nonsense. They are mere trump up allegations to tarnish my image and that of the EFCC. I did not steal or divert or convert funds to private use. I read the allegations and I

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S -East Group Makes Case To Strip Presidency Power To Appoint EFCC Chair

S/East Group Contests Presidency Power To Appoint EFCC Chair

July 16, 2020 4:35 am

The Coalition of South-East Youth Leaders (COSEYL), an umbrella body of youth organizations in the South-East zone, has called for total overhaul of the Economic and Financial Crime Commission, EFCC, for effective and efficient delivery in the Federal Government’s war against corruption.

This came following alleged financial fraud leveled against the suspended acting chairman of the anti-graft agency, EFCC, Ibrahim Magu.

However, the controversy surrounding the scenario has also affected other senior officials of the commission, leading to the suspension of many of them. Among those suspended is the EFCC Executive Secretary, Olanipekun Olukoyede.

Read Also: Buhari Suspends 12 EFCC

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