Femi Otedola has significantly strengthened his position in First HoldCo Plc after a company linked to him acquired shares worth ₦77.6 billion in one of the largest single transactions recently recorded on the Nigerian Exchange (NGX). According to a share dealing notification dated July 22, 2026, and made available by Channels Television, Calvados Global Services…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that it uncovered 908 suspected ghost workers across at least 50 federal Ministries, Departments and Agencies (MDAs), recovering approximately ₦942 million in salaries allegedly paid fraudulently. Speaking on the findings of the commission’s nationwide payroll verification exercise, ICPC Chairman, Musa Adamu Aliyu (SAN),…
Former Pennsylvania State Representative Jesse White has been arrested and charged with child pornography offences after an FBI investigation led to a search of his home in Mechanicsburg, Pennsylvania. According to investigators, the FBI received two separate tips linking suspected child sexual abuse material to White’s mobile phone. Acting on the information, federal agents obtained…
The House of Representatives has stepped down a proposed bill seeking to prohibit the production, importation, distribution, sale and consumption of unbranded and unfortified edible oils in Nigeria after lawmakers raised concerns about its potential impact on public health, rural livelihoods and existing regulatory laws. The bill, sponsored by Chike Okafor, who represents the Ehime/Mbano/Ihitte…
The Economic and Financial Crimes Commission (EFCC) has dismissed reports claiming that the Comptroller-General of the Nigeria Immigration Service (NIS), Kemi Nandap, is under investigation over an alleged visa racketeering scheme. In a statement released on Tuesday by its Head of Media and Publicity, Dele Oyewale, the anti-graft agency described the reports as inaccurate and…
The Federal Government has taken another major step toward restoring confidence in Nigeria’s electricity sector by settling ₦333 billion of long-standing debts owed to electricity generation companies (GenCos) and successfully paying the first coupon on its power sector reform bond. The development forms part of the first phase of the government’s Power Sector Multi-Instrument Issuance…
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has called on the Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC) to develop a clear regulatory framework for airtime and data credit services following a recent Federal High Court judgment. The appeal comes after the court ruled that the FCCPC…
The Federal Government has announced that 13 oil and gas blocks offered during Nigeria’s 2025 Licensing Round will be returned to the national licensing pool after they failed to attract bids from investors. The disclosure was made by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, during the 2025 Commercial…
A former Assistant Director of the Department of State Services (DSS), Dennis Amachree, has claimed that Nigeria’s late military Head of State, General Sani Abacha, died from a cardiac arrest during an intimate encounter, dismissing long-standing conspiracy theories surrounding his death. The revelation is contained in Amachree’s newly released memoir, DSS @40: My Journey Behind…
The Federal High Court in Abuja has granted bail to the National President of Miyetti Allah Kautal Hore, Bello Bodejo, in his ongoing trial over allegations of laundering approximately $2.63 million. Justice Inyang Ekwo approved Bodejo’s bail application on Monday, setting the bail at ₦2 billion with two sureties in the same amount. The court…
