Dasukigate‬: Metuh Loses Bid to Quash Charges…Ordered to Pay Costs to EFCC

Hamilton Nwosa
Writer

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Presidency signals overhaul of NNPC as oil output stagnates

By Obinna Uballa The Presidency has hinted at a possible restructuring of the Nigerian National Petroleum Company Limited (NNPC) as the government confronts declining oil production and weak operational performance in the upstream sector. Speaking at the Nigerian Association of Petroleum Explorationists (NAPE) Conference in Lagos on Monday, Special Adviser to the President on Energy,…

FEDA invests $75m in Spiro to accelerate Africa’s electric mobility transition

By Obinna Uballa The Fund for Export Development in Africa (FEDA), the development equity investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, Africa’s leading electric two-wheel assembler and operator of the continent’s fastest-growing battery swapping network, according to a statement made available to The New Diplomat by…

EFCC Declares Ex-Gov. Timipre Sylva Wanted Over Alleged $14.8M Fraud

By Abiola Olawale ​The Economic and Financial Crimes Commission (EFCC) has declared Chief Timipre Sylva, a former Minister of State for Petroleum Resources and former Governor of Bayelsa State, wanted over an alleged connection with a case of conspiracy and dishonest conversion involving over $14.8 million in public funds. ​This declaration was made public via…

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Justice Okon Abang of the Federal High Court sitting in Abuja, on Wednesday, March 9, 2016 dismissed the “no-case” submission brought by the embattled National Publicity Secretary of the Peoples Democratic Party, PDP, Olisa Metuh, who is standing trial on a 7-count charge bordering on illegal diversion of funds meant for the procurement of arms preferred against him by the Economic and Financial Crimes Commission, EFCC.

He allegedly received the sum of N400 million (four hundred million naira) from the former National Security Adviser (NSA), Col. Sambo Dasuki (rtd) who is being tried for laundering $2.1 billion.

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