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

-
Image
 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...
Post a Comment

SENATE ADVANCES ₦1.48 TRILLION RIVERS STATE BUDGET FOR 2025 AMID EMERGENCY RULE. (PHOTO).

-


 Senate Advances ₦1.48 Trillion Rivers State Budget for 2025 Amid Emergency Rule


The Nigerian Senate has passed a bill for second reading, authorizing the release of ₦1.48 trillion from the Consolidated Revenue Fund for Rivers State’s 2025 fiscal year budget. Titled “A Bill for an Act to Authorise the Issue from the Consolidated Revenue Fund of Rivers State,” the legislation was presented during plenary by Senate Leader, Senator Opeyemi Bamidele.


The proposed budget allocates ₦120.8 billion for debt servicing, ₦287.3 billion for recurrent (non-debt) expenditure, and ₦1.07 trillion for capital expenditure. According to Bamidele, the budget is structured to ensure seamless government operations under the current emergency governance framework in Rivers State while promoting inclusive growth and improving residents’ living standards.


The bill has been referred to the Senate’s ad hoc committee on Rivers emergency rule for further review, with a directive to report back within two weeks.


The development follows President Bola Tinubu’s declaration of a state of emergency in Rivers State on March 18, 2025, during a nationwide broadcast. Citing Section 305 of the 1999 Constitution, Tinubu suspended Governor Siminalayi Fubara, his deputy Ngozi Odu, and members of the Rivers State House of Assembly for an initial six-month period, stating that the escalating political crisis in the state necessitated urgent action.


In response, Tinubu appointed and swore in retired Vice Admiral Ibok-ete Ibas as the sole administrator for the oil-rich Niger Delta state. This marks the first emergency rule declaration in Nigeria since May 14, 2013, when former President Goodluck Jonathan imposed a similar measure on Borno, Yobe, and Adamawa states due to insurgent activities in the northeast.


The Senate’s swift action on the Rivers State budget underscores the urgency of stabilizing governance in the state amid ongoing political challenges. Further updates are expected as the ad hoc committee concludes its review.

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more