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Nigeria Police, Others Probe Alleged N125Billion Shopping Complex Fraud Linked To Businessman, Banks, Army Chiefs

Security agencies, the military, the judiciary and the Central Bank have launched a probe into an alleged N125 billion fraud affecting a 24-year concession agreement with the Nigerian Army Shopping Complex - The Arena at the Ikeja Cantonment, Lagos.   It was gathered that investigators from the police, Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (Bankers Committee) are separately examining allegations linking a businessman Mr. Whoba Ogo, a lawyer, senior officers of the army, bankers and a security firm, among others, to the crimes. ....

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Confusion As Court Voids Contracts, Appointments, Others By NNPCL Board

April 19, (THEWILL) – A Federal High Court in Abuja has nullified all decisions taken by the Board of the Nigerian National Petroleum Corporation Limited (NNPCL) between January 5, 2022 and April 18, 2023. The annulment was pronounced by the presiding judge, Justice Inyang Ekwo, while delivering judgment in a matter brought before the court ....

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