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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N2BN FRAUD TRIAL: EFCC TO APPEAL ORONSAYE’S ACQUITTAL. (PHOTO).#PRESS RELEASE.

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N2bn Fraud Trial: EFCC To Appeal Oronsaye’s Acquittal

The Economic and Financial Crimes Commission, EFCC, will appeal the judgment of the Federal High Court Abuja, which today acquitted a former Head of the Civil Service of the Federation, HoS, Mr. Stephen Oronsaye of the N2bn money laundering charge brought against him and others by the Commission.

 In dismissing the charge, Justice Inyang Ekwo held that the Commission failed to establish the charges against the defendants.

However, the Commission believes the trial judge erred by overlooking the evidence of the 21 witnesses called by the prosecution in the course of the trial as well as the confessional statement of one of the defendants, Osarenkhoe Afe. It has therefore decided to challenge the judgment at the Court of Appeal.

Oronsaye’s corruption trial commenced in 2015 when he was docked alongside the Managing Director of Fredrick Hamilton Global Services Limited, Mr. Osarenkhoe Afe and three companies- Cluster Logistic Limited; Kangolo Dynamic Cleaning Limited, and Drew Investment & Construction Company Limited.

The 1st and 2nd defendants, had between 2010 and 2011, used the companies as vehicles to siphon public funds to the tune of N2billion, through contract fraud.

They were prosecuted on an amended 27 –count charge.


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