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November 14, 2024 Alleged Fraud: EFCC Grants Bail to Yahaya Bello’s Co-Defendants, Seeks Adjournment to Nov 27

Alleged Fraud: EFCC Grants Bail to Yahaya Bello’s Co-Defendants, Seeks Adjournment to Nov 27

The Economic and Financial Crimes Commission (EFCC) has requested an adjournment in its case against former Kogi State Governor, Yahaya Bello, explaining that the 30-day period for the previously issued summons is still active. The commission has granted administrative bail to his co-defendants, Umar Oricha and Abdulsalami Hudu, and asked the court to extend the time for Bello to appear.

At the hearing before Justice Maryann Anenih of the Federal Capital Territory High Court in Abuja, EFCC Counsel Jamiu Agoro noted that the court’s summons from October 3 had not yet expired. "We believe it is premature to proceed while the 30-day window is still open. We've agreed to reconvene on November 27, 2024, my lord," he stated.

Agoro also mentioned that the initial date of November 20 was unsuitable for the prosecution team. Counsel for the second defendant, Aliyu Saiki, SAN, confirmed that his client had received administrative bail from the EFCC and had no objections to the adjournment. ZE Abass, representing the third defendant, also agreed to the adjournment.

The prosecution further requested permission to serve notice of hearing at the first defendant’s last known address.

After considering all submissions, Justice Anenih granted the EFCC’s request for adjournment and approved the hearing notice. "I have reviewed the application for adjournment and issuance of hearing notice, and I grant it," she stated, rescheduling the case for arraignment on November 27.

Bello, alongside co-defendants Umar Oricha and Abdulsalami Hudu, faces a fresh 16-count charge filed by the EFCC.

RELATED: Alleged Money Laundering: FG Files New Charges Against Yahaya Bello

November 14, 2024 Governor Okpebholo Orders Immediate Freeze on Edo State Bank Accounts

Governor Okpebholo Orders Immediate Freeze on Edo State Bank Accounts

Governor Monday Okpebholo of Edo State ordered an immediate freeze on all state-owned bank accounts on Thursday, effective until further notice. The directive mandates strict compliance from commercial banks and heads of Ministries, Departments, and Agencies (MDAs).

The Chief Press Secretary, Fred Itua, disclosed the order in a statement, emphasizing that anyone, including MDA heads or civil servants, who disregards the directive will face severe consequences. "All bank accounts in commercial banks are frozen. Banks must comply with this order to ensure that not a single penny is withdrawn from government coffers until further notice," the statement reads.

The governor is conducting an investigation and reconciliation process and will decide on future actions for the accounts based on these findings.

Additionally, Itua announced that Governor Okpebholo has ordered the reversal of the "Ministry of Roads and Bridges" to its original name, "Ministry of Works." This change undoes a renaming initiated by the previous administration under Governor Godwin Obaseki. Governor Okpebholo noted the irony of the name given that no significant road or bridge projects were completed by Obaseki’s administration.

“We will continue reviewing the actions taken by the previous administration and make further decisions that serve the state’s best interests,” the statement concluded.

RELATED: Okpebholo Disbands Boards of Edo MDAs

November 14, 2024 NNPCL Signs 10-Year Gas Supply Agreement with Dangote Refinery

NNPCL Signs 10-Year Gas Supply Agreement with Dangote Refinery

The Nigerian National Petroleum Company (NNPC) Limited has announced that its subsidiary, NNPC Gas Marketing Limited (NGML), has finalized a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.

In a statement on Wednesday, Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, confirmed the signing. The agreement was executed on Tuesday at the Dangote Corporate Head Office in Falomo, Lagos State, with NGML Managing Director, Barr. Justin Ezeala, and Dangote Group President/CEO, Aliko Dangote, signing on behalf of their respective organizations. The agreement secures a supply of natural gas to the Dangote Refinery in Ibeju-Lekki, Lagos, for both power generation and as feedstock.

Soneye emphasized that this partnership aligns with President Bola Ahmed Tinubu’s commitment to leveraging Nigeria’s gas resources to stimulate industrial growth and economic prosperity. This agreement, noted as one of NGML's most substantial commitments without any capital expenditure (CAPEX) from NNPCL, is regarded as a groundbreaking achievement in Nigeria’s gas distribution history.

Under the agreement terms, NGML will provide 100 million standard cubic feet per day (MMSCF/D) of natural gas, with 50 MMSCF/D as firm supply and another 50 MMSCF/D as interruptible supply, for an initial term of 10 years with options for extension and scalability.

NNPCL highlighted that this collaboration represents a major step in supporting the Dangote Refinery’s operations while advancing Nigeria’s domestic gas utilization goals. The statement read, “This milestone for both NNPC Ltd. and Dangote Refinery underscores their commitment to enhancing local production and providing essential products for Nigerians. It further reflects NGML’s dedication to business excellence and fulfilling NNPC Ltd.’s core mandate of securing Nigeria’s energy needs through strategic gas projects nationwide.”

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