Recent Posts

Court Orders Final Forfeiture of $13 Million Related to Achimugu’s Oceangate Engineering Oil – THIS END

By Victor Osula, Abuja The Federal High Court in Abuja on Wednesday ordered the final forfeiture of $13 million linked to Aisha Achimugu’s Oceangate Engineering Oil & Gas Ltd, ruling that the funds had not been proven to have been legitimately acquired. Judge Emeka Nwite, who handed down the sentence, accepted the request for final confiscation presented by the Economic …

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NGX: Equity markets continued strong performance as investors gained N141 billion

Investors in the Nigerian equity market earned N141 billion at the close of trading on Wednesday. This follows a surge in the prices of shares such as Legend Internet, Zichis and Premier Paints, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 200,925.75 points from 200,705.88 points on the previous trading day. After five …

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Diesel tanker crushes passengers to death in Lagos

A diesel tanker rammed a delivery driver to death in Lagos on Wednesday. General Manager of Lagos State Traffic Management Authority (LASTMA), Mr. Olalekan Bakare-Oki, confirmed this in a statement signed by the agency’s Director, Public Affairs and Enlightenment, Mr. Taofiq Adebayo. He said the accident occurred under the Cele Bridge corridor on the Apapa–Oshodi Expressway. According to him, the …

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