A Nigerian court has ordered the forfeiture of $13 million linked to an oil and gas firm, ruling that the money was likely derived from unlawful activities. The decision was handed down by the Federal High Court in Abuja, where Justice Emeka Nwite granted the application filed by the Economic and Financial Crimes Commission (EFCC)….
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly denied allegations that it is holding back the Frontier Exploration Fund (FEF) meant for the Nigerian National Petroleum Company (NNPC Ltd.). The commission said the rumours were inaccurate and intended to mislead the public. In a statement on Wednesday, Eniola Akinkuotu, Head of Media and Strategic…
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, to account for alleged missing public funds amounting to ₦22.3 billion, $49.7 million, £14.3 million, and €5.2 million. In an open letter dated 25 October 2025 and signed by its…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says there is currently no evidence to support the allegation that some state governments are diverting funds allocated to local governments. Mr Bimbo Kolade, the Chairman of the Committee on Inland Revenue Services at RMAFC, disclosed this in an interview with the News Agency of Nigeria (NAN)…
The Attorney General of the Federation (AGF) and Minister of Justice, Prince Lateef Fagbemi, has clarified that contrary to media reports, the federal government has only recovered the sum of $105.9 million of looted funds. Fagbemi, a Senior Advocate of Nigeria (SAN) in a statement, said the sum of $967.5 billion reported in some media,…
The Federal Mortgage Bank of Nigeria (FMBN) in Anambra, Enugu, and Ebonyi and pensioners have expressed differences over the delay in payments of the National Housing Funds (NHF) contributions to retirees. This is disclosed in a survey conducted by the News Agency of Nigeria (NAN) on the delay in the disbursement of the N500 million…
