EFCC ARRAIGNS MAN FOR ALLEGED ₦55M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Man  for  Alleged ₦55m Fraud in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 3, 2025 arraigned one Gabriel Celestine Nwawuzor, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos for ₦55m fraud. Nwawuzor was arraigned alongside Moonlink Pharmaceuticals Limited, on a 3-count charge bordering on fraud and money laundering to the tune of N55,000,000 (Fifty Five Million Naira) One of the counts reads: "That you Gabriel Celestine Nwawuzor and Moonlink Pharmaceuticals Limited sometime in April, 2021, in Lagos, within the jurisdiction of this Honorable Court procured the account number 2170235882 domiciled in Zenith Bank to retain the sum of N55, 000, 000.00 ( Fifty Five Million Naira) which sum you knew forms part of the proceeds of your unlawful act and you thereby committed an offence contrary to Sections 21(a), 18(2)(d) of the of Money Laundering (Prevention and Prohibitio...
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FG VOWS TO REDUCE INDUSTRIAL CARBON EMISSIONS. (PHOTO).

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 FG Vows to Reduce Industrial Carbon Emissions


The Federal Government has reaffirmed its commitment to curbing industrial carbon emissions in Nigeria as part of efforts to achieve net-zero emissions by 2060.


Speaking at a stakeholders’ engagement workshop on the National Industrial Decarbonisation Programme (NIDP) in Abuja, the Minister of Environment, Balarabe Lawal, emphasized the need for industries to adopt green technologies and sustainable practices to reduce environmental impact.


The Director General of NESREA, Dr. Innocent Barikor, highlighted that the NIDP aims to create a strong regulatory framework supporting Nigeria’s climate action goals, promoting energy-efficient practices, and facilitating carbon credit trading.


With industrial emissions projected to triple by 2030, stakeholders stressed the urgency of implementing decarbonisation strategies to align with international agreements such as the Paris Agreement.


The Chairman of NESREA’s Governing Board, Garba Mohammed, and Oxytane Africa Investment Limited’s MD, Tamarankro Obriki, also reaffirmed their support for the programme, emphasizing the economic and environmental benefits of transitioning to a low-carbon economy.

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