The trial of Chukwunyere Nwabuoku, the former acting Accountant-General of the Federation, began on Friday, January 31, with witnesses detailing how funds were allegedly siphoned from the Ministry of Defence into multiple accounts linked to the defendant. Nwabuoku, who previously served as Director of Finance and Accounts at the Federal Ministry of Defence, is…
The Central Bank of Nigeria (CBN) has approved the inclusion of the CFA franc on Nigeria’s export proceeds (NXP) form, enabling Nigerian exporters to repatriate proceeds from transactions conducted in the currency. Nonye Ayeni, executive director of the Nigeria Export Promotion Council (NEPC), announced the development on Friday while addressing the media on the…
Ousmane Touré, the United Nations Office on Drugs and Crime (UNODC) country representative for Nigeria, has revealed that drug trafficking generates an estimated $400 billion annually for criminal networks operating in the Sahel and Lake Chad Basin regions. Touré disclosed this during a panel session on curbing illicit drug trafficking and drug abuse to…
The Nigeria Police Force (NPF) has announced that it will begin nationwide enforcement of third-party vehicle insurance starting February 1, 2025. The enforcement directive, issued by Inspector-General of Police (IGP) Kayode Egbetokun, aims to strengthen road safety measures and ensure that all vehicle owners comply with insurance requirements to protect themselves and other road…
The Kano State government has budgeted N2,500,000,000.00 to conduct quarterly mass weddings across the 44 local government areas of the state in 2025. The State’s Commissioner for Planning and Budget, Musa Shanono, disclosed this while briefing journalists on the breakdown of the State’s 2025 budget passed into law by the State House of Assembly…
