The National Drug Law Enforcement Agency (NDLEA) has auctioned four properties forfeited by convicted drug traffickers for N6.1bn, with a six-floor hotel in Victoria Island, Lagos accounting for the bulk of the proceeds. Speaking at the event on Monday in Abuja, the NDLEA Chairman, retired Brig.-Gen. Buba Marwa, said the exercise underscored the Federal Government’s…
The Federal High Court in Abuja on Wednesday ordered the confiscating and forfeiting a multi billion naira assets and investments owned by Chukwunyere Nnabuoku, the convicted former acting Accountant-General of the Federation (AGoF), to the Federal Government. Justice James Omotosho, in a ruling on a motion on notice filed by the Economic and Financial Crimes…
A leading policy think tank, the Galadiman Ruwa Centre for Strategic Leadership and Communication (GCSLC), has urged President Bola Tinubu to unlock Nigeria’s underutilised sovereign industrial assets. The Centre said the move would provide a viable pathway to sustainable economic growth and long-term national prosperity. Dr Ja’afaru Sa’ad, Chairman and Founder of GCSLC, made the…
The Ministry of Finance Incorporated (MOFI) has announced that the Federal Government’s investment assets—valued at ₦38.3 trillion—are currently undergoing a comprehensive audit and reform process aimed at strengthening transparency and corporate governance in public enterprises. The Chief Executive Officer of MOFI, Dr. Armstrong Takang, disclosed this during the inauguration of the 2025 Guidelines on Corporate…
TAJBank Limited, a fast growing non-interest bank, has sustained its feat in the nation’s banking history with the payment of 20 kobo per share dividend to its shareholders at the end of the 2024 financial year. TAJBank’s Founder/CEO, Hamid Joda, said in a statement on Monday in Abuja. Joda said that the payment was the…
President Bola Tinubu has said that his administration will ensure that every stolen asset from the country is recovered . The president made the assertion on Tuesday in Abuja while declaring open a Summit on Asset Recovery. The president was represented by the Permanent Secretary, Political and Economic Affairs in the Office of the Secretary…
The National Pension Commission (PenCom) has announced the recovery of ₦1.58 billion from defaulting employers through enhanced enforcement efforts.This information was shared by the Director General of PenCom, Ms Omolola Oloworaran, on Wednesday in Kano during the First Run 2025 Consultative Forum for States and the Federal Capital Territory (FCT). According to her, state remittances…
The Presidency is aware of failed attempts by Zhongshan Fucheng Industrial Investment Co. Ltd., a Chinese company, to take over offshore assets of Nigeria through subterfuge. Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement, said Zhongshan misled the Judicial Court in Paris into attaching Nigeria’s presidential jets in…
