A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.
Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.
The suspected owner of the account and the account officer are currently on the run.
Crude Oil Price Outlook – Crude Oil Continues to See Consolidation
Crude oil weakens on Friday as both WTI and Brent face heavy overhead resistance, with supply concerns and ineffective sanctions capping rallies. Price action suggests a developing range, making short-term exhaustion points attractive for potential fading. Crude Oil Technical Analysis The light sweet crude oil market has fallen significantly during the early hours on Friday…
November 23, 2025 • News


