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The last may have not been heard in the crisis rocking the Eko Electricity Distribution Plc (EKEDP), one of the 11 electricity distribution companies in Nigeria, as documents SaharaReporters obtained on Friday revealed a cover-up and fraud. The documents showed the chairman of EKEDP, Dere Otubu, in an alleged cover-up …

The Nigerian Electricity Regulatory Commission has taken enforcement action against the Abuja Electricity Distribution Plc (AEDC) for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for AEDC. NERC fined the electricity distribution company ₦200,000,000 (Two Hundred Million Naira) for its failure to comply with the …

The Bola Tinubu-led Federal Government has called on Nigerians to expect an increase in electricity tariffs. The Minister of Power, Adebayo Adelabu, made this known while speaking at a press briefing in Abuja on Friday. He said the recent increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) for …

The recent rehabilitation and upgrade of the 3rd Mainland Bridge,has been commended by popular Lagos cleric,Prophet Israel Oladele Genesis. He gave the commendation at the international headquarters of his church,Genesis Global international situated at Duro Ishola street,off Dalemo Alakuko area of Lagos State on Friday 4th of April 2024. While …

The Economic and Financial Crimes Commission (EFCC) will Friday, April 5, 2024, arraign popular cross-dresser, Idris Okuneye aka Bobrisky, at the Federal High Court (FHC) in Lagos over naira abuse and failure to declare his firm’s activities involving the sum of N180.7million.   The anti-graft agency filed the charge against …

The Federal Inland Revenue Service had dragged Binance and its two officials, Tigran Gambaryan and Nadeem Anjarwalla to court over allegations bordering on tax evasion on Thursday.   The tax evasion suit filed against Binance Holdings Limited and two of its executives by the Nigerian government has been adjourned to …

Air Peace, Nigeria’s flag carrier, has announced an increase in capacity on its Lagos-London flights. The airline made the announcement on its X page on Wednesday. On March 30, Air Peace commenced its Lagos-London flight services. During an interview on Arise TV on April 2, Allen Onyema, chief executive officer …

…Naira gains N15.73 The Naira gained further at the official market, trading at N1,262.85 to a dollar on Wednesday. Data from the official trading platform of the FMDQ revealed that the Naira gained N15.73. This represents a 1.23 percent appreciation when compared to the previous day’s trading on Tuesday, exchanging …

Gambaryan, the company’s head of financial crime compliance, arrived at the Federal High Court in Abuja on Thursday morning for his arraignment. The Nigerian government is set to arraign Binance Holdings Limited and its two officials, Tigran Gambaryan and Nadeem Anjarwalla on allegations bordering on tax evasion and money laundering …

EFCC office The Network Against Corruption and Trafficking Initiative (NACAT) yesterday called on the National Assembly and the Economic and Financial Crimes Commission (EFCC) to expedite the probe of officials of National Emergency Management Agency (NEMA), National Defence College (NDC) the Nigerian Nuclear Regulatory Authority (NNRA), among others, following its …