BREAKING: Court Remands PDP Senator in prison over N805m Fraud

Hamilton Nwosa
Writer

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Saudi Arabia’s Spending Spree Meets Oil Price Reality

Saudi Arabia’s grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom’s plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of…

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Kidnapped Abuja doctor found dead, kidnappers hold on to three children

A renowned veterinary doctor and former chairman of the Nigerian Veterinary Medical Association (NVMA) FCT chapter, Dr. Ifeanyi Ogbu, has been murdered in the Federal Capital Territory, Abuja. According to reports, armed men stormed his residence in Kubwa, Abuja, and abducted him along with his three children. While the nursing wife and other family members…

Jonathan Clears Air, Says No Accusations of Boko Haram Ties Against Buhari

By Abiola Olawale Former Nigerian President Goodluck Jonathan has denied accusing his successor, the late former President Muhammadu Buhari, of having any links to the Boko Haram insurgency. The clarification comes hot on the heels of a heated exchange that has reignited debates over Nigeria's protracted fight against terrorism. Jonathan's statement, issued through his Special…

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A federal court in Lagos has remanded Peter Nwaoboshi, a Peoples Democratic Party senator representing Delta North, in Ikoyi prison.

Mohammed Idris, the judge, ruled that Mr. Nwaoboshi be remanded till Friday pending the hearing of the senator’s bail application.

Mr. Nwaoboshi was arraigned by the Economic and Financial Crimes Commission on a two-count charge of money laundering.

Before his arraignment, the senator was kept in EFCC’s custody in Abuja.

Details later…

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Unlocking Opportunities in the Gulf of Guinea during UNGA80
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