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January 5, 2024 EFCC Raids Dangote Group and Other Firms In Forex Abuse Probe Under Emefiele

EFCC Raids Dangote Group and Other Firms In Forex Abuse Probe Under Emefiele

the Economic and Financial Crimes Commission; EFCC, Nigeria’s anti-graft agency, yesterday, raided the headquarters of Dangote Group in Lagos at about 3:00 p.m. as part of an ongoing probe into the former Central Bank governor, Godwin Emefiele.

An official at the Economic and Financial Crimes Commission (EFCC) who confirmed the raid  said the commission’s team was looking into foreign exchange (forex) allocations by the Central Bank under Emefiele, who was arrested in June last year on charges, including fraud.

The EFCC on arrival at the headquarters of Dangote group in Lagos,  demanded documents relating to allocation of forex to the group in the last 10 years. They then scrutinized the documents provided by Dangote officials for hours, taking some away with them.

It was, however, gathered that the EFCC had written to some other companies directing them to supply documents supporting the allocation and utilization of foreign currencies to them in the last 10 years. No explanation was given to why the raid/inspection began with Dangote Group and there were no details of other firms listed for investigation.

The EFCC letter to the companies is part of ongoing investigation into alleged preferential forex allocations to individuals and organizations by the Emefiele-led Central Bank of Nigeria (CBN).

January 2, 2024 Athletics Federation of Nigeria Set to Roll Out 2024 Plans

Athletics Federation of Nigeria Set to Roll Out 2024 Plans

The Athletics Federation of Nigeria (AFN) has said that it would, this week, roll out its plans for this year’s African Games holding in Ghana, and the Paris 2024 Olympics amidst other plans for the year 2024. AFN President, Tonobok Okowa, also stated  that the body would meet this weekend to discuss certain issues, including the venue for camp for athletes.

He also revealed that the last board meeting scheduled for December 31, 2023, could not hold due to the absence of some of the members, who insisted on having the audit committee report as first item on the agenda.

“The AFN board is made up of people with high integrity. There is no way we will allow a few individuals to dictate to us. The audit committee report was debated upon in our last meeting held on December 10, and it was listed as AOB for our meeting of December 31.

“The Audit Committee, which the AFN board set up to look into the financial records, has five members. So far, only one or two members of the committee have been talking. We are yet to get the full report signed by the five board members. Not until we get it, there is no way the AFN will treat it as official document. For now, the Audit Committee Report is inconclusive,” he stated.

Okowa, who is also the president of Africa Region 2 Athletics body, added that the AFN board would hold its meeting this Saturday, adding that any further delay could affect Team Nigeria’s preparation for the African Games scheduled to hold in March.

He said: “As president of the AFN, I expect that the entire board should fashion out plans that will move our athletics forward. But a situation where a few individuals are trying to drag us backward won’t be tolerated. If by Saturday, these same people refuse to show up for the meeting, the board will go ahead and take decision on our preparation for the African Games and other issues. Enough is enough.”

Okowa described as ‘total rubbish’ a statement credited to three AFN board members, who said they boycotted the meeting because the audit report was not included in the agenda.

Some AFN board members had issued a statement on December 31, saying that they boycotted the board meeting because the report and African Games preparations were not in the agenda.

“Someone drew my attention to their press statement late on Sunday evening, and I feel so disappointed because as former athletes, I expected them to show more concern on issues affecting the athletes and their preparation for major championships. That is missing from them.

“How can they say that some board members criticised the decision for giving less than 16 hours’ notice for the meeting? The decision to hold the board meeting on December 31, 2023, was taken during our last meeting on December 10. So, how come they are deceiving Nigerians in their press statement?

“As I said, people should put aside their personal hatred for others and work for the progress of Nigeria’s athletics.”

January 2, 2024 Dangote Refinery Expecting Another Shipment of Crude

Dangote Refinery Expecting Another Shipment of Crude

Preparations are underway for the commencement of production at the Dangote Refinery, as the company has received it’s fourth crude shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited; NNPCL, while awaiting the fifth crude shipment anytime soon.

A statement from Dangote Refinery on Monday read in parts, “The fresh one million barrels of crude was the fourth consignment to be delivered to the Dangote facility out of the six million barrels of crude being expected by the world’s largest single-train refinery.

Recall that Dangote Refinery had earlier received three million barrels of crude.

Managing Director of Dangote Ports Operations, Mr. Akin Omole, had then told newsmen at the Dangote Quay, Ibeju-Lekki, Lagos that the Refinery will receive about four million crude shpment before the end of 2023.

He said the refinery will get the remaining two by the early of January 2024.

He said the crudes supply would put the Refinery in good stead to commence operation. Once the six million barrels are fully delivered, it will facilitate the initial run of the refinery. It will also kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit, PMS (petrol).

The latest development will play a pivotal role in alleviating the fuel supply challenges faced by Nigeria as well as the West African countries.

Designed for 100% Nigerian crude with the flexibility to process other crudes, the 650,000 barrels per day Dangote Petroleum Refinery can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries.

January 2, 2024 Police on Trail of Akwanga LG Chairman’s Kidnappers

Police on Trail of Akwanga LG Chairman’s Kidnappers

The Police Command in Nasarawa State says it is investigating the abduction of Safiyanu Isa-Andaha, Chairman, Akwanga Local Government Area (LGA) of the state, by gunmen.

DSP Ramhan Nansel, Police Public Relations Officer (PPRO) in the state, stated this to the News Agency of Nigeria (NAN) on Tuesday in Lafia.

The PPRO said Umar Nadada, Commissioner of Police in the state, had mobilised personnel to go after the hoodlums and rescue the chairman and one other person who were kidnapped unhurt.

The police spokesperson said they got information that the chairman and one other were abducted around 8:30 p.m. in Ningo village of Akwanga LGA.

The police, in collaboration with other security agencies, are currently on the trail of the kidnappers to ensure the release of the council chairman and the other victim.

Nansel therefore urged members of the public, especially people from villages in the area, to provide the police with useful information that would lead to the rescue of those abducted and the arrest of the perpetrators.

Also, Mr Haruna Kassimu, Special Adviser (SA) to Gov. Abdullahi Sule of Nasarawa State on Local Government and Chieftaincy Affairs, and close associates of the LG boss confirmed the incident.

The SA said the LG boss and one Adamu Custom were kidnapped at Ningo village in Akwanga around 8:30 p.m. on Monday.

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