N30trn Revenue Fraud: Senate Orders the Arrest of 30 CEOs

Hamilton Nwosa
Writer

Ad

Akpabio Slams Natasha with N200 Billion Defamation Suit Over Sexual Harassment Claims

By Abiola Olawale The President of the Senate, Senator Godswill Akpabio, has filed a N200 billion defamation suit against Senator Natasha Akpoti-Uduaghan, the lawmaker representing Kogi Central senatorial district of Kogi State at the Senate, over allegations of sexual harassment. It was gathered that the suit was lodged at the High Court of the Federal…

Malami Denies Terrorism Financing Claims, Labels Accusations “Political”

By Abiola Olawale Former Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, has refuted recent allegations linking him to terrorism financing. Malami dismissed the claims as baseless and entirely politically motivated, claiming that they are part of a "deliberate smear campaign" aimed at tarnishing his reputation. The former Minister said his…

EU slams Musk’s X with $140m penalty, defies U.S. pressure in landmark tech-regulation showdown

By Obinna Uballa The European Union on Friday imposed a 120-million-euro ($140-million) fine on Elon Musk’s social media platform, X, for violating transparency rules under the bloc’s sweeping Digital Services Act (DSA), a decision that sets up a direct confrontation with the administration of United States President Donald Trump. The penalty, the first issued by…

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