Author: Vardiafrica

The Economic and Financial Crimes Commission, on Friday, invited victims of cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), to report to its Ibadan and Lagos Zonal Directorates for further investigations. A statement released by its Head of Media and Publicity, Dele Oyewale, in Ibadan, Oyo State said, “The EFCC is currently prosecuting three suspects namely Adefowora Olanipekun, Otorudo Avwerosuo, and Ehirim Chukwuebuka over their alleged involvement in the scam.” The commission explained that CBEX lured unsuspecting Nigerians into investing their funds with the promise of unrealistic returns, resulting in serious financial losses for many. “In view of the foregoing and…

The Senate Committee on the Niger Delta Development Commission, NDDC, led by its Chairman, Senator Asuquo Ekpenyong, has inspected ongoing road construction projects being executed by the Commission in Cross River State. Members of the Senate Committee, accompanied by the NDDC Managing Director, Dr Samuel Ogbuku and the Executive Director, Projects, Dr Victor Antai, inspected the 20-kilometre Okomita–Uyanga–Ehom Road in Akamkpa and Biase Local Government Areas. The team also inspected the 1.5 km Idundu Junction–Idundu Bridge Road in Akpabuyo LGA, and 10.8km Aking–Osomba Road in Akamkpa Local Government Area. Speaking during the inspection, the NDDC Chief Executive Officer reaffirmed the Commission’s commitment…

Governors of the Peoples Democratic Party (PDP) are meeting in Gusau, the Zamfara State capital. In attendance are the Ahmadu Fintiri (Adamawa), Bala Mohammed (Bauchi), Duoye Diri (Bayelsa), Ademola Adeleke (Osun), Seyi Makinde (Oyo), Agbu Kefas (Taraba), and the host Governor of Zamfara State, Dauda Lawal. However, Governor of Enugu State, Peter Mbah and his Plateau State counterpart, Caleb Mutfwang, were absent. It is not yet clear why they were not at the meeting as of the time of filing this report. The 7th strategic meeting is aimed at addressing key national and party issues. On the agenda are reports…

President Bola Tinubu has insisted on strengthening indigenous manufacturing of military hardware, saying it is very crucial in enhancing Nigeria’s security and development. He applauded the culture of excellence in research at the National Defence College, citing the Presidential Treaties on Harnessing Indigenous Manufacturing for Enhanced National Security and Development: Strategic Options for Nigeria by 2040, as an affirmation of the strength of such a tradition in the country. Speaking on Friday in Abuja during the graduation ceremony of Course 33 of the National Defence College, the President, who was represented by his deputy, Vice President Kashim Shettima described the College as…

The three tiers of Nigerian government, federal, state, and local government councils, have shared the total of N2.001 trillion, being the July 2025 Federation Account Revenue. The revenue was shared at the August 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N2.001 trillion total distributable revenue comprised distributable statutory revenue of N1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, and Exchange Difference of N39.745 billion. According to the communiqué made available to DAILY POST on Friday by the spokesperson for the Office of the Accountant…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day (bscf/d) of Feedgas. The 20-year agreements, with extension options, were signed at the NNPC Towers in Abuja on Friday by the NLNG and Amni International Petroleum Development Company Limited; Sunlink Energies and Resources Limited; First Exploration & Petroleum Development Company Limited; SNEPCo; NNPC Gas Marketing Limited; NNPC E&P Limited; Shell Nigeria Gas Solutions Limited; Oando Group; and Aradel Holdings. The agreements,…

President Bola Tinubu, on Thursday night, left Yokohama, Japan for Brazil, where he will begin a state visit on Sunday, August 24. In a statement by his Senior Special Adviser on Information and Strategy, Bayo Onanuga, the President would make a stopover in Los Angeles before proceeding to Brasília, the Brazilian capital. Brazil marks the second leg of Tinubu’s two-nation tour, which began with his departure from Abuja on August 15. The statement said that the president, on his way to Japan, had a brief stop in Dubai, United Arab Emirates, before arriving in Yokohama on the morning of August…

President Bola Tinubu on Friday urged Nigerians to try a newly launched Personal Income Tax calculator that estimates how much would be paid under the tax reforms his administration recently signed into law. In a post on his official X account, the President said the calculator allows citizens to compare their estimated tax under the proposed reforms with current rates, and ensure a clear understanding of the impact on individual incomes. Tinubu said the reforms, which take effect from January 2026, are intended to establish a fair tax system, one that never punishes poverty or weighs down the most vulnerable.…

The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has said the present administration will continue to guarantee the independence of anti-graft agencies in the fight against corruption. Fagbemi said this while speaking with newsmen on the sideline of a Top Management Retreat of the Federal Ministry of Justice held on Thursday in Ikot Ekpene, Akwa Ibom state. He was reacting to insinuations in some quarters that political undertones were involved in the recent withdrawal of charges against some high profile Nigerians by the Federal Government. Fagbemi particularly mentioned the cases involving the Chairman of Honeywell Group,…

President Bola Tinubu has called on Nigerians in the Diaspora to come home and actively contribute their expertise and resources to Nigeria’s national development. Speaking yesterday in Yokohama, Japan, during an interactive session with members of the Nigerian community at the Kahala Hotel and Resort, on the sidelines of the Tokyo International Conference on African Development (TICAD9), he painted a picture of a nation on the rise again. Addressing professionals and entrepreneurs from various sectors, President Tinubu outlined his administration’s achievements and reassured the Diaspora of his government’s determination to foster economic growth and create a conducive environment for all citizens.…