Posts

Showing posts with the label news

EFCC traces N2.1bn to Patience’s dead mother’s account

The Economic and Financial Crimes Commission has traced N2.114bn to the bank account of Magel Resort Limited, which was allegedly owned by Mrs. Patience Jonathan and her late mother, Mama Charity Oba. According to the EFCC, the total amount of money traced to Mrs. Jonathan is now N17bn. Patience, the wife of former President Goodluck Jonathan, had, last week, filed a N2bn fundamental human rights suit against the EFCC, accusing the anti-graft agency of subjecting her to psychological trauma, unnecessary persecution and going as far as freezing her late mother’s accounts. However, an interim report of the EFCC, made available to The PUNCH, accused Mrs. Jonathan of perpetrating fraud through some of her non-governmental organisations. The report adds that at least N17bn, including funds from some government agencies, were paid into the accounts of Mrs. Jonathan’s NGOs.

I approved NNPC joint venture contracts, says Osinbajo

Vice-President Yemi Osinbajo on Thursday admitted that he approved the Nigerian National Petroleum Corporation joint venture financing contracts as disclosed by the government-owned oil firm. The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande said. Akande said Osinbajo approved the recommendations for the contracts as part of necessary actions to deal with the backlog of unpaid cash calls and incentivise investments. He added that the approval was given after due diligence and adherence to established procedure. He said Osinbajo approved the contract in his capacity as the Acting President when President Muhammadu Buhari was away on medical vacation.

jumia