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…
Gov Siminalayi Fubara of Rivers State has described the state as a safe haven for investments in the oil and gas sector, emphasizing its crucial role in the region’s economic development. Speaking at an oil and gas summit in Port Harcourt on Tuesday, Fubara, represented by Dr. Benibo Anabraba, the Secretary to the State Government,…
Sheikh Abdulrahman Al-Thani, Chairman of the Future Union Group and member of Qatar’s ruling family, has announced plans to invest substantially across several sectors of Nigeria’s economy in support of the country’s development agenda. Speaking at a press briefing in Abuja on Wednesday, Al-Thani described Nigeria as Africa’s “future investment destination”, expressing optimism about the…
Gov Monday Okpebholo of Edo says that the state loses over $1 billion in investments yearly due to cultism. The governor made the claim in a statement in Benin on the economic toll of cult-related violence. Okpebholo explained that cult groups not only destroy lives and property but also scare away investors and dampen tourism…
The Federal Government has urged International Oil Companies (IOCs) in Nigeria to increase investments in the oil and gas sector, highlighting the country’s investment-friendly fiscal policies and incentivised investment opportunities. Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made the call at the Cross Industry Group (CIG) Meeting held in Florence, Italy, organised…
