N23​ b​illio​n​ Election Bribery Scandal: ​Two ex-Ministers admit collecting N1.1 billion

A former Minister of Mines and Steel, Musa Sada, has told the Economic and Financial Crimes Commission, EFCC, of ​his involvement in the alleged N23.29 billion​election bribery scandal.

Mr. Sada is one of the former ministers in the administration of former President Goodluck Jonathan, who are being investigated by the anti-graft agency.

During investigation, Mr. ​Sada disclosed that he was authorised by ​a ​former governor of Katsina State, Ibrahim Shema, to collect​N700​million on behalf of Katsina State and remit it to the​state’s​former​Commissioner of Finance​.

#PanamaPapers: Nigeria agrees to expose beneficial owners of companies

President Muhammadu Buhari has expressed the commitment of his administration to create a public registry of beneficial owners of companies in Nigeria.

The President’s promise followed a PREMIUM TIMES publication of the names of 106 Nigerians and firms who own companies and assets in offshore tax havens.

The revelation is part of the biggest data leak in history now known as the PanamaPapers.

The leaked database contained the internal data of Panamanian law firm, Mossack Fonseca, which was obtained by German newspaper, Süddeutsche Zeitunge, and shared by the International Consortium of Investigative Journalists (ICIJ) with PREMIUM TIMES and other media organizations around the world.

Petrol price’ll go down in six months – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigerians will be amazed at what will become of the price of Premium Motor Spirit in the next six months.

The Federal Government had on Wednesday announced the removal of fuel subsidy, with a new petrol price band of N135 to N145 per litre, up from N86 and N86.50.

The development has been greeted with mixed reactions, with labour vowing to protest against it.

EFCC Arrest Popular Lagos Lawyer Adegboruwa, For Alleged N61m Scam.

The EFCC said on its official Facebook page that Adegboruwa allegedly conspired with some persons to lease a property in the Lekki area of Lagos State. 

The property in question, according to the anti-graft agency, is a subject of an Interim Forfeiture Order by a Lagos State High Court.

The statement read in part, “Lagos lawyer, Adegboruwa, has been arrested by operatives of the EFCC for dealing in a property which is a subject of an Interim Forfeiture Order by a Lagos State High Court without due authorisation.

Our relationship with Tiwa Savage strong as ever – Pepsi

Pepsi has confirmed that Marvin records First Lady, Tiwa Savage, remains it Ambassador, following speculations of her being dropped.

The confirmation came following issues in her marriage which trended on social media over the weekend.

Wizkid signs top Ghanaian singers to StarBoy Worldwide

Ayodeji Balogun popularly known by his stage name Wizkid has signed new acts to his StarBoy Worldwide imprint.

The award winning musical heavyweight made this announcement shortly after his performance at the Vodafone Ghana Music Awards #VGMAs2016 where he bagged an award as the African artiste of the year.

U.S. Congress moves to compel Obama to withhold Abacha loot for Boko Haram victims

Lawmakers in the Congress of the United States of America may soon vote on a bill that will allow President Barack Obama and his government to set aside all or part of Abacha loot recovered in the U.S. for victims of the Boko Haram insurgency.
Congresswoman Sheila Jackson Lee who represents the 18th District of Texas, is sponsoring a bill, H.R. 528, which will allow the U.S. Department of Justice (DOJ) to use money from the recovered Abacha loot that is in its
custody to provide relief for families of the abducted Chibok girls, PREMIUM TIMES correspondent in Washington reported.

Oil Crisis: Buhari demands immediate reduction in fuel prices

The presidential candidate of the All Progressives Congress, APC, Muhammadu Buhari, has called on the Nigerian government to implement immediate price reduction on fuel products to reflect the downscaling in global oil prices.

Speaking through his campaign organization, the All Progressives Congress Presidential Campaign Council, on Monday, Mr. Buhari asked the government to “stop stealing from Nigerians and allow them enjoy the relief that has come to consumers of petroleum products globally”.
A statement from the Directorate of Media and Publicity of the APC presidential campaign said it was disturbing that in spite of the fall in the global price of crude oil, Nigerians still buy petroleum products at pump prices as if the global price of crude oil had remained at $100 (USD) per barrel.
The statement said: “The current attempt by the government to deregulate the prices of some petroleum products has been completely compromised to satisfy few money bags to the detriment of the Nigerian people and the economy.

PDP alone cannot speak for the South East

Our great party, the light in the horizon of the South East geo-political zone, restates will all sense of vision and responsibility that the entire South East zone of Nigeria cannot be dragged into the path of opposition politics by a few PDP position occupiers, none of which can boast of having arrived his position legitimately, all for selfish interests.

Anambra PDP Again Held Parallel Congress To Produce Two State Executives

The perceived mood of  harmonious union to grow the political tenet of democracy seems to have eluded the Anambra state People’s Democratic Party state congress , where two major aged contending factions of the party produced different state executives in the congress.

The state PDP’s has been bedeviled with conflict of interest of the major stakeholders, who persistently assumed the control of the state structure at the expense of a considerable growth of the party to win future elections in the state.