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 BUSTS PONZI SCHEME ACADEMY, ARRESTS 133 SUSPECTS IN ABUJA.(PHOTOS).#PRESS RELEASE

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 EFCC Busts Ponzi Scheme Academy,  Arrests 133 Suspects in Abuja


Operatives of the Economic and Financial Crimes Commission, EFCC,  on Monday, March 24, 2025 busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja.


 


They were arrested at the Compensation Layout in Gwagwalada area of the Federal Capital Territory, FCT,  Abuja,  following actionable intelligence on the existence of the Academy.


The Academy, named Q University (a.k.a Q-Net) is in the business of  recruiting gullible young Nigerians who are trained to recruit more gullible citizens into the scheme with the promise of getting unrealistic profit returns.


The suspects are enrolled into a training codenamed: “Special Training for New Generation Billionaire” and brainwashed to believe that they would graduate into the league of billionaires.  They got into the training by obtaining a form the promoters called “Independent Representative Application Form” with promotional slogans such as: “I’m a Champion”  “I’m Unstoppable”,   “I’m Infinity”, among others.


The EFCC carried out the operation in collaboration with officers and men of 176 Guards Battalion,  Nigerian  Army.


Items recovered from the suspects include phones, computers and other electronic gadgets.


They will be charged to court as soon as investigations are concluded.

More photos below.










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