Tag: Probe
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Fraud probe: India seizes 10,000 luxury watches of billionaire jeweler
Indian authorities have seized over 10,000 imported luxury watches belonging to disgraced billionaire jeweller Nirav Modi and his firms in connection with the country’s biggest-ever bank fraud of 1.8 billion U.S. dollars, an enforcement official said Saturday. “All the luxury watches were meant for sale through Modi’s jewellery stores across India. “Earlier, we…
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Senator Adamu who demanded corruption trial for Obasanjo now under probe for mismanaging N70m
Senator Abdullahi Adamu [APC, Nasarawa West,] who took a swipe at former President Olusegun Obasanjo for criticizing President Muhammadu Buhari, has been removed from office as the Chairman, Northern Senators Forum, over allegations bothering on mismanagement of N70m belonging to northern governors. Adamu was on Wednesday said to be replaced by Senator Wamakko Aliyu as…
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Senate commences probe of $16bn Egina oil project
The Senate on Tuesday commenced a probe into the local content elements and cost variations related to the $16 billion Egina Oil Field Project and two related Bonga South-West and ZabZaba projects. Senator Solomon Adeola, in a motion co-sponsored by 18 others had notified the Senate of the possible loss of revenue by the Federal…
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BREAKING: Senate set up committee to probe Maina
The Senate on Tuesday set up a committee to investigate the embattled ex-chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina, who has been accused of complicity in an N2bn fraud and has gone into hiding. According to the Senate, the committee is to investigate the circumstances of how Mr Maina got into…
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EXCLUSIVE: NNPC faces fresh probe over non-remittance to TSA
The Nigerian National Petroleum Corporation, NNPC alleged failure to remit a huge sum of money into the Treasury Savings Account may be a source of fresh troubles for those at the company’s helm of affairs. The money, according to sources, totals $629 million and is lodged in different sums in different accounts. An account in…
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Buhari orders probe of past JAMB, NIMASA heads over ‘meagre’ revenue remittance
The Federal Executive Council during its meeting on Wednesday presided over by President Muhammadu Buhari ordered the forensic probe of some government agencies. The exercise is to recover unremitted revenues, according to Minister of Finance Mrs Kemi Adeosun, who briefed State House correspondents at the end of the Federal Executive Council (FEC) meeting. With Mrs…
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$20m ‘bribe’: EFCC commences probe of 20 ex-NPA officials
Operatives of the Economic and Financial Crimes Commission, EFCC, have commenced a probe of how $20 million was wired into the accounts of shell companies and some former directors of the Nigerian Ports Authority (NPA). The cash, which is believed to be a bribe, is being traced by the EFCC. The anti-graft commission is also…
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IG raises panel to probe alleged bribery in personnel promotion
The Inspector-General of Police (IG), Ibrahim Idris, has set up a Special Investigation Panel to investigate complaints and petitions of alleged bribery by police officers for special promotion. The Chairman, Senate Committee on Navy, Isah Misau, in an interview granted to a newspaper report published on August 10, had alleged that police officers pay bribe…
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Probe of revenue leakage not done in secret – Senate
The Senate on Wednesday said ongoing probe into alleged N30 trillion revenue leakage in the country’s import and export value chain was not shrouded in secrecy as alleged in some quarters. TheNewsGuru.com reports that the probe covers activities in the value chain between 2006 and 2017. The Chairman of Senate Joint Committee on Customs, Excise…
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Osinbajo drops two ICPC board members under probe
Acting President, Yemi, Osinbajo, has dropped the two new members nominated to be on the board of the Independent Corrupt Practices and Other Related Offences Commission who are said to be undergoing investigations by the same commission. Osinbajo had last week named a new chairman and board members of the commission. Recall TheNewsGuru.com had earlier…