N30trn Revenue Fraud: Senate Orders the Arrest of 30 CEOs

Hamilton Nwosa
Writer

Ad

China’s Oil Imports Surge as Middle East Flows Hit New Highs

China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to customs data cited by Reuters. Imports from the UAE, for instance, rose from 2.05 tons a year ago to 3.82 million tons last month, while purchases from Kuwait went up from 970,000 tons to 2.36 million tons,…

Kanu to Challenge Life Sentence, Lawyer Vows

By Abiola Olawale The legal team for the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has announced its intention to file an immediate appeal against the life imprisonment sentence handed down by the Federal High Court in Abuja on Thursday. ​Kanu's counsel, Aloy Ejimakor, speaking shortly after the verdict, described the judgment…

Family Confirms Demise of Segun Awolowo, Obafemi Awolowo’s grandson

By Obinna Uballa Nigeria is in mourning following the passing of Mr Segun Awolowo, grandson of the late nationalist and statesman, Chief Obafemi Awolowo. He died at the age of 62. In a statement issued on Thursday, the Awolowo family described him as a devoted patriot and the anchor of their home. “With extremely heavy…

Ad

The Senate has ordered the arrest of the chief executive officers of 30 companies for allegedly failing to appear before it, the News Agency of Nigeria reports.

The companies include mobile giant, Globacom, and Crown Flour Mills.

A Senate committee, headed by Hope Uzodinma, had earlier invited the chief executives as part of its investigation into a ‘N30 trillion’ revenue scam allegedly perpetrated by the firms.

The Senate had on Wednesday threatened to issue the arrest warrants; but on Thursday, it said it was extending the appearance till next week.

The News Agency of Nigeria, however, reports that the order to arrest the chief executives was given on Friday.

Details later…

Ad

X whatsapp