Connect with us

THE NATION

EFCC intercepts N211m worth of gold at Lagos airport

Published

on

The Economic and Financial Crimes Commission on Tuesday said its operatives intercepted gold worth about N211m being illegally transported through the Murtala Mohammed International Airport, Lagos to Dubai, United Arab Emirates.

Following intelligence report, the operatives were said to have on Friday, November 9, intercepted the gold weighing about 35kg at the point of departure from a suspect, who is currently in the EFCC’s custody.

“Investigations are currently ongoing to unravel the suspect’s accomplices in the illegal movement of the goods. Meanwhile, the suspect is cooperating with operatives,” the acting Head, Media and Publicity, EFCC, Tony Orilade, said in a statement on Tuesday.

The anti-graft agency had in March 2017 intercepted bags containing N49m being illegally transported out of the country through the Kaduna International Airport.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

THE NATION

NITDA DG, Isa Pantami, wins outstanding promoter of local content for national development award

Published

on

The efforts of the National Information Technology Development Agency (NITDA) in the development and promotion of local content in ICT sector has been further affirmed by an array of industry players and stakeholders at the Oriental Hotel, Victoria Island, Lagos on 19th July, 2019. The Director General/CEO of NITDA, Dr. Isa Pantami, was awarded the prestigious Titans of Tech Award in recognition of his outstanding leadership in the promotion of local content for national development.

In a statement by Mrs, Hadiza Umar, NITDA’s head of Corporate Affairs & External Relations, the IT agency’s unwavering commitment to local content under Dr Pantami, has enhanced the purchase of indigenous brand of ICT devices by over 60% within the last three years. Local hosting of data doubled in value and local software consumption has significantly increased as attested to by the diversity of IT experts and business people at the Award ceremony.  The cumulative effect of these efforts, is that ICT contribution to GDP reached an unprecedented mark of 13.63% in Q4 of 2018.

Organisers of the Award further recognised the purposeful approach of Dr Pantami to ICT regulation in Nigeria. Organisers and stakeholders opined that the leadership of Dr Pantami is restoring confidence in indigenous technology development which has led to more foreign direct investment in the IT sector than any other sectors since 2018.

The Award was received on behalf of Dr Pantami by Dr Vincent Olatunji, the Director of e-Government Development and Regulations department of NITDA.

Continue Reading

THE NATION

TCN suspends KEDCO from electricity market

Published

on

The management of Transmission Company of Nigeria (TCN), says it has issued suspension and disconnection orders to Kano Electricity Distribution Company (KEDCO) from the electricity market.

The suspension order was posted on TCN’s twitter handle @TCN_Nigeria on Sunday.

According to the twitter handle, the suspension order was as result of KEDCO’s default in the Market Conditions/Market Participation Agreements.

Continue Reading

THE NATION

How we spent $1bn security fund – Presidency

Published

on

The Presidency has dismissed Peoples Democratic Party’s (PDP) allegation that the one billion dollars drawn from the Excess Crude Account (ECA) was spent by the Muhammadu Buhari administration on the 2019 general elections.

The Peoples Democratic Party in a statement on Sunday asked Buhari to explain to Nigerians what his administration had done with one billion dollars drawn from the ECA in 2017 and meant to address the nation’s security challenges.

The amount was approved by the National Economic Council in December, 2017, to be used to purchase weapons to fight insurgency across the country.

However, Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, in a statement in Abuja on Sunday, said “this unverifiable allegation’’ clearly indicated that the PDP was suffering from socio emotional distress.

He said PDP ”thinks that all governments in the world run on the basis of freewheeling looting as they did their own.

”Here is what happened to that 1 billion dollars. It’s on record that the Buhari administration paid about 490 million dollars for a dozen Super Tucano fighter aircraft in a direct, government-to-government (no Contractors or Commission Agents) transaction with government of the United States.

”Various other military procurement have been made. Balance of expenditure stands at about 880 million dollars or so. The PDP spent Defence procurement funds on their failed 2015 political campaigns as proven in court. That is not to say every succeeding government, more so one led by a Buhari will do the same.”

The presidential aide added that, barring considerations of national security, the details of the stage of implementation, the procurement made and the suppliers would be obtained and made available on Monday.

Continue Reading
Advertisement

Facebook

Advertisement
Advertisement

Trending