The Economic and Financial Crimes Commission (EFCC) has denied claims that the ongoing investigation of former Attorney-General of the Federation (AGF) and Minister of Justice Abubakar Malami is politically motivated. The EFCC Chairman, Ola Olukoyede, said the agency operates professionally, handling cases without regard to political affiliation. He also revealed that he personally edited Malami’s …
Operatives of the Economic and Financial Crimes Commission (EFCC) have allegedly uncovered arms and ammunition at the residence of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), in Birnin Kebbi, Kebbi State. The discovery has prompted a fresh security investigation into the source and legality of the weapons. According to a …
Chairman of Dangote Industries Limited (DIL), Aliko Dangote, has escalated an alleged corruption case against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission (EFCC). The petition was submitted through Dangote’s legal representative, barely 24 hours after he …
The office of Abubakar Malami, SAN, has raised alarm over reports that government security agencies may attempt to rearrest the former Attorney General immediately upon his release, despite a court granting him bail. According to a statement issued by Malami’s media aide, Mohammed Bello Doka, the development “raises grave concerns about due process, the rule …
Ex-AGF, others given 14 days to show assets were lawfully acquired as court grants N1.5bn bail The Federal High Court in Abuja on Wednesday ordered the interim forfeiture of 57 properties allegedly linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and members of his family. The properties, valued …
Justice Emeka Nwite of the Federal High Court, Abuja, on Wednesday granted bail to former Attorney General of the Federation and Minister of Justice Abubakar Malami (SAN) in the sum of N500 million in the money laundering case filed against him by the Federal Government. The judge directed Malami to produce two sureties who must …
CIG Motors Co. Ltd has fired Mr. Jubril Arogundade after completing an internal governance review. Arogundade had been suspended while the company investigated executive management practices. The review focused on responsibilities at the leadership level and is now concluded. PR Director Ifeanyi Abraham said the company has referred the findings to the Economic and Financial …
One year after the Nigeria National Petroleum Company (NNPC) Limited declared the resumption of the Port Harcourt and Warri refineries, both facilities are currently shut down, fuelling intense public backlash and scrutiny. Despite multi-billion-dollar investments and celebratory commissioning ceremonies held in late 2024, the state-owned refineries have largely failed to sustain operations. Pinnacle Daily recalls …
When embarking on international travel, the goal of ensuring that one does not lose money often leads to two distinct challenges: avoiding legal penalties (seizures and fines) and minimising financial loss (bad exchange rates and fees). Various countries, including Nigeria, have rules on possession of cash, especially hard currencies such as dollars, Euros, and pounds …
Former Anambra State Governor and Senator, Chris Ngige, on Thursday attended the All Progressives Congress (APC) caucus meeting at the Presidential Villa, Abuja, hours after securing his release from Kuje Correctional Centre. Ngige, a former Minister of Labour and Employment, had been remanded in Kuje prison over corruption allegations filed against him by the Economic …
