The Special Adviser on Energy to the President, Olu Verheijen, said on Monday her statement on the planned increase in the electricity tariff was misrepresented. Verheijen on January 30 advocated an increase in Nigeria’s power prices by about two-thirds (66 percent) to reflect the actual cost of electricity supply. She argued that higher electricity tariffs…
Former Nigerian Presidents Olusegun Obasanjo and Muhammadu Buhari gave conflicting testimonies before the International Chamber of Commerce Court of Arbitration in Paris, France, regarding the $6 billion Mambilla Power Project awarded to Sunrise Power. The dispute centres on the power generation and distribution contract given to Sunrise Power and Transmission Company of Nigeria in 2003….
The Economic and Financial Crimes Commission, EFCC, has arraigned the Chief Executive Officer of MB Lugga Global Travels and Tours Limited, Mustapha Mohammed before Justice TG.Ringim of the Federal High Court sitting in Gombe. Mohammed was arraigned on a three-count charges bordering on intent to defraud and obtaining by false pretences to the tune of…
New details have emerged in Sean “Diddy” Combs’ sex-trafficking and racketeering case, with the music mogul now accused of dangling a victim over an apartment balcony and coercing two more women into commercial sex acts, according to a superseding federal indictment filed Thursday. The superseding indictment doesn’t add any new charges against the music mogul, but…
President Bola Tinubu on Monday signed a bill establishing the Federal University of Environmental Technology in Ogoni, Rivers State. The event which took place before the commencement of the Federal Executive Council (FEC) meeting at the State House in Abuja, marks a significant step in addressing environmental challenges in the Niger Delta. For decades, the…
