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This could be the new world’s richest person

Jeff Bezos and Bill Gates can clearly afford a lot of leather wallets from Louis Vuitton and little blue boxes from Tiffany. But the world’s two richest people could soon find themselves worth less than the head of LVMH because of its takeover of Tiffany. Bernard Arnault, chairman and CEO of LVMH (LVMHF), is now […]

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We won’t allow religion to divide Nigerians – Buhari

President Muhammadu Buhari has expressed the strong determination of his administration to forge a strong, united nation from the diverse religious and ethnic communities in the country. The president stated this when he received the Tijjaniyya Muslim Religious Movement at the State House, Abuja, on Monday. Buhari lauded mutual understanding among the followers of the […]

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17 killed as plane crashes into homes

A plane carrying at least 17 passengers crashed into homes in a neighborhood in eastern Democratic Republic of Congo on Sunday, authorities said. The aircraft, operated by private airline Busy Bee, plunged into houses in Mapendo district in Goma shortly after it took off from the airport on Sunday morning, said provincial governor Nzanzu Kasivita […]

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President Buhari Orders Thorough Investigation Into Killing Of PDP Woman Leader

President Muhammadu Buhari has ordered all security agencies involved in the investigation into the murder of Woman Leader of the People’s Democratic Party (PDP) in Wada/Aro campaign council in Kogi state, Mrs Achejuh Abuh, to do a thorough and expeditious job on the matter. Mrs Abuh was murdered by some suspected political thugs who stormed […]

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‘People think when they die, they take their money with them’ – Femi Otedola

Business mogul, Femi Otedola, has revealed why he donated N5 billion to a charity in Abuja. The billionaire, earlier this month, gave out N5 billion to the Save The Children charity in support of its intervention in the Northeast. The donation through his daughter at the ball organised by the Cuppy Foundation. Save The Children […]

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Let Air Peace boss carry his cross alone – Presidential aide

The Presidency, through an aide, has given an informal response to the US indictment of Air Peace CEO Allen Onyema on criminal fraud charges, suggesting that the airline mogul answer for the crimes of which he has been formally accused. This was contained in a tweet storm by Lauretta Onochie, President Muhammadu Buhari’s aide on […]

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Hate Speech bill sponsor wants death penalty reviewed

The Nigerian Senate may amend the proposed death penalty clause in the Hate Speech Bill before it. Sabi Abdullahi, who is the sponsor of the bill, made this known in a statement he signed on Sunday in Abuja. Mr Abdullahi, who is the Deputy Chief Whip in the Senate, assured that the death penalty proposed […]

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$44.9m wire deals: EFCC special panel to investigate Air Peace boss Onyema

The Economic and Financial Crimes Commission (EFCC) has waded into the $44.9 million wire fraud and money laundering case against Air Peace Chief Executive Allen Ifechukwu Athan Onyema hours after his indictment in the United States (US). The EFCC, it was learnt, on Saturday raised what sources referred to as a ”special panel” to investigate […]

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Nigerian couple welcome set of quintuplets 16 years after marriage (Photo)

A Nigerian couple have become new parents after they welcomed a set of quintuplets, three boys and two girls, 16 years after they got married. Mr and Mrs Egenti have been waiting for the fruit of the womb since they tied the knot in 2003. After many years of waiting, they tried several medical options including IVF, […]

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Nigeria has no reason to remain underdeveloped, says Buhari

President Muhammadu Buhari has said Nigeria has no reason to remain underdeveloped. He therefore identified technology as a catalyst for the country’s development. The President, who was represented on Saturday by Vice-President Yemi Osinbajo at the graduation ceremony of Senior Executive Course 41 of the National Institute for Policy and Strategic Studies, Kuru, Jos, said […]

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Alleged fraud: I’ve never laundered money in my life — Air Peace boss, Onyema

The Chief Executive Officer of Air Peace, Mr. Allen Onyema, on Saturday, denied all the allegations of fraud levelled against him by the US. In his reactions to the indictment of bank fraud and money laundering for moving more than $20m from Nigeria through United States bank accounts in a scheme allegedly involving false documents based on […]

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Air Peace boss wanted in Canada for alleged multimillion dollar fraud

Canadian authorities have commenced efforts to execute a corresponding arrest warrant issued for a Nigerian businessman accused of fraud in the United States. Allen Onyema, chairman of Air Peace Limited in Nigeria, is facing multiple charges of money laundering and bank fraud in excess of $20 million. A United States grand jury recently indicted Mr Onyema […]

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Sowore sues DSS, demands N500 million

Convener of the Revolution Now movement and Publisher of SaharaReporters, Omoyele Sowore has sued the Department of State Services  (DSS) over his arrest and continued detention since August 3, 2019. According to SaharaReporters, Sowore is asking the court to order the DSS to pay him N500m as general and aggravated damages for his detention and illegal […]

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Fake pilot arrested while trying to board airplane

Frequent flier Rajan Mahbubani thought he had discovered the ultimate hack for getting preferential treatment at airports. Instead it got him arrested. In a case that’s been compared to the Leonardo DiCaprio conman movie “Catch Me If You Can,” the 48-year-old allegedly donned the uniform of a Lufthansa pilot in order to fool airport workers […]

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N18bn retained in account linked to Mompha, EFCC to arraign him on Monday

The Economic and Financial Crimes Commission has filed 14 counts of fraud against Internet celebrity, Ismaila Mustapha, alias Mompha, before the Federal High Court in Lagos. In a copy of the charge sheet sighted by Punch correspondent on Friday, Mompha, among other things, was accused of procuring Ismalob Global Investment Limited to retain in its […]

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I will not run for third term, Buhari assures Nigerians

President Muhammadu Buhari says he will not seek a third term in office at the end of his second term in 2023. The Nigerian Constitution sets a two-term limit for the president and state governors, but that has not stopped speculations that Mr Buhari may want to stay beyond 2023. Former president, Olusegun Obasanjo, was […]

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Nigeria’s debt profile hits N25.7 trillion

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As at June 2019, our debt profile is at N25.7 trillion; this includes the federal, states governments and the […]

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Nigerian Senate passes bill to increase VAT

The Nigerian Senate has passed the Finance Bill. The bill which was presented to the National Assembly by President Muhammadu Buhari in October, seeks to increase the value-added tax (VAT) from five per cent to 7.5 per cent. If signed into law, Nigerians will pay more for specific goods and services that attract VAT. The bill will also […]

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