PRESIDENT TINUBU APPOINTS MINISTER OF STATE FOR PETROLEUM RESOURCES (GAS) AS CO-CHAIRMAN OF NCDMB GOVERNING COUNCIL. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE  PRESIDENT TINUBU APPOINTS MINISTER OF STATE FOR PETROLEUM RESOURCES (GAS) AS CO-CHAIRMAN OF NCDMB GOVERNING COUNCIL In line with his avowed commitment to establish a more efficient, targeted, and consistent approval process for unique oil and gas projects in the country, President Bola Tinubu has approved the appointment of Mr. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), as the Co-Chairman of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). This is also to further ensure effective oversight of the gas aspect of the nation's assets. The President remains committed to unlocking Nigeria's immense gas potential to stimulate industrial development, job creation, and sustainable economic growth. Chief Ajuri Ngelale Special Adviser to the President (Media & Publicity) May 9, 2024
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MONEY LAUNDERING: KWARA OFFICIAL REMANDED IN EFCC CUSTODY PENDING RULING ON BAIL ON BAIL.{PHOTO}.#PRESS RELEASE.

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   Four officials of the Kwara State government accused of money laundering by the Economic and Financial Crimes Commission, EFCC, were on Wednesday, May 8, 2019 returned to the custody of the anti-graft custody, pending ruling on their bail applications at a later date.
The EFCC had last week arraigned Abubakar Ishiak, Permanent Secretary, Government House; Shina Akorede, Director of Finance and Administration; Rasaq Momonu, Controller Finance and Accounts, and Hafeez Yusuf, Cashier before a Federal High Court sitting in Ilorin.
The EFCC accused them of making “cash payment of N20.3 million to one Energy Multi-Trade Interbiz limited for services rendered to the Kwara State Government House, which cash sum exceeded the limitation of N10 million payable to a body corporate committing an offence contrary to section 18(a) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 12(2) of the same Act.”
At the resumed sitting, counsel to the defendants, Abdulwahab Bamidele, urged the court to grant them bail pending the determination of the allegations levelled against them.
Opposing the bail application, counsel to EFCC, Christopher Mshelia, urged the court to discountenance the application for bail, and to accord the case accelerated hearing.
He said: “It is an obligation on the applicants to provide sufficient materials for the court to sway the discretionary powers in their favour.
“We submit that the court should consider the nature of the allegations against the applicants.
“The reasons adduced by the applicants are too watery to warrant the exercise of the discretionary powers of the court for bail.”
After listening to the arguments, trial judge, Justice Baba Gana Ashigir reserved ruling on the bail application till a later date to be communicated to the parties.
Hearing on the substantive case has been fixed for June 23, 2019.
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