October 3, 2017

N500m Fraud: Prosecution Kicks Against Belgore’s Bid To Stop Trial

Hamilton Nwosa

Writer

Central Banks Now Hold More Gold Than U.S. Treasuries

Key Takeaways For the first time since 1996, foreign central banks’ gold reserves have overtaken their U.S. Treasury holdings. Persistent gold buying and rising U.S. debt risks are reshaping reserve composition toward hard assets. Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time…

October 8, 2025 • Opinion

Alleged Christian Genocide: Nigerian Lawmakers Slam US Bill, Call It A “Malicious lie”

By Abiola Olawale The House of Representatives on Wednesday condemned a United States congressional bill accusing Nigerian officials of allegedly enabling "systematic" religious killings, particularly against Christians. Lawmakers branded the legislation a "gross misrepresentation" of the country's security woes, insisting that violence stems from terrorism and banditry, not state-sponsored persecution. This position comes in response…

October 8, 2025 • Headline

Alleged ₦4bn Fraud: Drama as Kano Anti-Graft Agency Moves to Probe Ganduje’s Govt

By Abiola Olawale The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has launched an investigation into an alleged diversion of over ₦4 billion in public funds during the tenure of former Governor Abdullahi Umar Ganduje. The New Diplomat reports that the probe is said to be centered on the Dala Inland Dry Port project.…

October 8, 2025 • Headline

The EFCC today, Tuesday, October 3, 2017 objected to a motion to stall the ongoing trial of Muhammad Belgore, a Senior Advocate of Nigeria, SAN, before Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos.

Belgore, a governorship candidate during the 2011 Kwara State gubernatorial election, is standing trial alongside Prof. Abubakar Sulaiman, a former Minister for National Planning, for allegedly receiving the sum of N450m on March 27, 2015 out of the $115,010,000 paid into Fidelity Bank Plc by a former Minister of Petroleum Resources, Diezanni Allison-Madueke. Justice Aikawa adjourned to October 4, 2017 for continuation of hearing

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