ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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EFCC ARRESTS ALLEGED PONZI SCHEME OPERATORS IN ENUGU.{PHOTO}.#PRESS RELEASE.

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      Following intelligence received from a sister law enforcement agency, the South East Zonal office of the Economic and Financial Crimes Commission,EFCC todayThursday August 29, 2019 arrested three promoters and staff of Millionaires African Leaders Club, a Ponzi scheme operating from No. 79, Nike Road, Abakpa Nike, Enugu, Enugu State.
The Coordinator of the organization, Nwonu Priscilla Chika, told her interrogators that the club operates a collaborative contribution scheme, mostly transacted in cash on two class basis : first class and business class. Both attracts registration fees and monthly contribution of N3,000 and N25,000; and N2,000 and N12,500 respectively.
According to Nwonu, who claimed that that the scheme's corporate headquarters is at Nsukka with one Princess Benny as chief executive, said the Enugu office commenced operations barely two months ago and that the scheme promises their "investors" 50% return on the sum invested.
The suspect could not confirm the registration of the " firm" with the regulatory bodies such as the Securities and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN.
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