Category: News

Dangote, NNPCL, Total, 247 Others Abandon DisCos, Generate 6,500MW Amid Persistent Power Outages

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About 250 manufacturers and academic institutions have abandoned their respective power distribution companies to generate their own electricity due to incessant epileptic power supply. The organisations, many of whom are bulk electricity users, shunned the national grid to generate reliable electricity for themselves. This is coming amid the high cost of electricity, fuel price hikes, incessant grid collapses, and line trippings. In 2021, former President Olusegun Obasanjo dumped the national grid to unveil a two-megawatts solar power project at the Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State. The project, which…

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US govt returns $52.88m linked to ex-Petroleum Minister, Diezani

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The United States Government has repatriated the sum of $52. 88 million it said was traced to former Petroleum Resources Minister Diezani Madueke. The US Ambassador to Nigeria, Mr. Richard M. Mills, Jr, led a delegation that executed the Assets Return Agreement at the Federal Ministry of Justice Headquarters in Abuja, on Friday. Signing the agreement on behalf of the Federal Government, the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, disclosed that the $52.88m arose from the forfeiture of Galactica assets, linked to the ex-Minister…

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$718m debt: Court orders Nigerian banks to blacklist Nduka Obaigbena from financial transactions

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A Federal High Court in Lagos has ordered all banks operating in Nigeria to blacklist the chairman of Thisday Newspaper and Arise TV, Nduka Obaigbena and members of his family over alleged debt to First Bank of Nigeria. The December 30, 2024, Mareva order also sought to prevent Mr Obaigbena from moving any assets linked to him from the jurisdiction of the Federal High Court. First Bank had filed a debt-recovery suit against Mr Obaigbena and his family members, including Efe Damilola Obaigbena and Olabisi Eka Obaigbena, saying they used their…

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Man sentenced to two years imprisonment over $345,000 fraud

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One Chima Nkwocha also known as Young Billionaire has been sentenced to two years imprisonment by a Federal High Court sitting in Abuja for defrauding a United States citizen of $345,000. A statement by the Economic and Financial Crimes Commission on Wednesday revealed that the convict was arrested in August 2024. Following his arrest, he was arraigned before Justice Emeka Nwite on two counts bordering on impersonation and fraud to which he pleaded guilty. The statement read, “That you, Chima Hyginus Nkwocha (AKA Frank Nils, Frank Cobert, Frank Brown and…

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Policeman with Okoya’s sons in viral Naira abuse video detained

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A yet-to-be-named officer seen in a viral video with Wahab and Raheem, sons of billionaire businessman, Chief Razaq Okoya, abusing naira, has been detained by the Nigeria Police Force. This was disclosed by the Force Public Relations Officer, Olumuyiwa Adejobi on his X handle on Friday. According to him, the moment captured in the video involving the police officer is unethical and contrary to the values of the force, stressing that disciplinary action is underway to address the misconduct. Adejobi wrote, “The policeman captured in the recent viral video shared…

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Female teacher arrested for physically abusing three-year-old boy in class

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A viral video of a female teacher physically abusing a three-year-old boy at a school in Ikorodu had attracted the attention of the Lagos State Domestic and Sexual Violence Agency, and she has been arrested. The video was captioned, “Footage from Christ-Mitots School in Ikorodu, a teacher named Stella Nwadigo was witnessed mistreating and physically abusing a three-year-old boy, Abayomi Micheal. Shared on X (formerly Twitter) on Wednesday by Oyindamola, who identifies as #dammiedammie35, it captured a female teacher slapping the child’s face. The footage has raised serious concerns about…

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Tinubu’s goverment has dangerous cabals stronger than Buhari’s -former minister

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Former Minister of  Youth and Sports, Solomon Dalung was a guest on Channels Television’s popular political programme, ‘Politics Today’ on Tuesday, where he alleged that the cabal surrounding President Bola Tinubu is more powerful and dangerous than the ones that existed during former President Muhammadu Buhari’s administration. Lalung said these power mongers in Tinubu’s government are highly educated, ambitious, and refined individuals that understand the dynamics of power. According to him, this makes them more adept at manipulating governance and isolating the president. “They are educated and have a sound…

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Fidelity Bank Launches “Bundles of Joy” Initiative to Support Children with Special Needs and Their Families

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As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking initiative aimed at creating supportive spaces and activities for children with special needs while addressing the psychological and emotional well-being of their parents and caregivers. The first session of the programme was held over the weekend at a dedicated facility in Lekki, Lagos. Dr. Meksley Nwagboh, Divisional Head of Brand and Communications at Fidelity Bank, welcomed participants and emphasized the bank’s dedication to creating meaningful experiences for its customers and…

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NDLEA: Lagos Society lady, Alhaja Ajoke arrested with truckload of illicit drugs

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The National Drug Law Enforcement Agency (NDLEA) has arrested one of the most wanted ‘drug kingpin’ and Lagos socialite, 61-year-old Alhaja Aishat Feyisara Ajoke Elediye. The agency said Ajoke was arrested on Wednesday, January 1, 2025 at her Okota mansion in Lagos following the interception of a truckload of illicit drug consignment from her staff same day. According to the NDLEA, Ajoke is known in the drug underworld as ‘Iya Ruka’ and Alhaja Ajoke in social circles. The agency, said that her true identity has been shrouded in mystery for…

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My cousins celebrated my defeat because I didn’t send money to them in Zimbabwe -UFC fighter, Gorimbo

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  Zimbabwean professional mixed martial artist, Themba Lawrence Gorimbo a.k.a The Answer, revealed that several of his cousins celebrated his loss to his Brazilian opponent, Vicente Luque at UFC 310 fight held at the T-Mobile Arena in Las Vegas, United States of America. According to Gorimbo, this happened because he didn’t send them money. Speaking in an interview video posted on African Facts, he said: “When I go online, like one of my cousins, I can’t speak his name, but he messaged me that day. “After I lost this last…

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