Connect with us

News

ICPC Clarifies Discovering Billions In Buratai’s Home

Published

on

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday clarified report that it recovered N170 million cash, $220,965, G-Wagon from the residence of Nigerian Ambassador to Benin Republic, Lt. Gen. Tukur Buratai.

Reports had it that the ICPC recovered N1.85 billion from a house and office said to belong to Buratai in Abuja.

The huge sum said to have been recovered was part of the billions of naira earmarked for the purchase of arms and ammunition by the President Muhammadu Buhari-led government.

But the spokesperson of the commission, Azuka Ogugua, denied that the house belonged to Buratai.

According to Ogugua, facts available indicates that the property is owned by owner of K Salam Construction Company, a military contractor.

Advertisement

“The attention of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has been drawn to some inaccurate and concocted reports in the media about the seizure of multibillion-naira cash, dollars, Rolex watches stockpiled in an Abuja property.

“The Commission wishes to state that ICPC operatives raided a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday, 16th June, 2022 between 5:00pm and 12:00am on suspicion of money laundering. Facts available for the time being indicates that the property is owned by owner of K Salam Construction Company, a military contractor,” Ogugua said.

READ ALSO: Buhari Told To Sack, Arrest Buratai Over Alleged N1.85bn Arms Fund

The Commission added that it recovered N175,706,500; $220,965; G-Wagon; 2022 editions of BMW and Mercedes Benz cars; customized mobile phones; several designer wrist watches, three Rolexes, and some property documents from the house.

Advertisement
Advertisement
Comments

News

Okuama Killings: Army Whisks Surrendered Delta Monarch To Abuja

Published

on

By

The Army has flown the Ovie of Ewu kingdom in Ughelli South Local Government Area of Delta State, HRM Clement Ikolo, who surrendered himself to the Police in Asaba on Thursday to Abuja.

Delta State Police Command handed over the king, who the Defence Headquarters, Abuja, declared wanted with seven others over the killing of 17 soldiers at Okuama on Friday morning.

READ ALSO: [JUST IN] Okuama Killings: Army Declares Eight Persons Wanted [FULL LIST]

The Commanding Officer Commanding Officer, 63 Brigade, Nigeria Army, Asaba, the Delta State Police Commissioner, and other senior military officers escorted the monarch to the Asaba International Airport.

He boarded an Air Peace airline , and the plane departed Asaba Airport tarmac at about 9.10 am to Abuja.

Advertisement

Continue Reading

News

Let Your Prices Reflect Naira’s Improvement, CNG Tells Business Owners

Published

on

By

The Coalition of Northern Groups, CNG, has asked business owners to reflect the naira’s improvement against the dollar on the prices of the products they market.

A statement by the National Coordinator, CNG, Comrade Jamilu Aliyu Charanchi, expressed support for genuine efforts to strengthen and stabilize the naira and bring back its value against the dollar.

However, the Group lamented over the reluctance of businesses to review their prices and adjust accordingly.

They said, “The CNG acknowledges some appreciable commitment to addressing economic challenges resulting from the naira’s instability against the dollar, which negatively impacted Nigerians’ purchasing power.

“However, the CNG expresses disappointment over the reluctance of businesses to reflect the current improvement in the naira by adjusting their prices, similar to how they did when the naira was floated.

Advertisement

“We are saddened to admit that despite sustained gains by the naira, including in the black market, exorbitant prices of goods and services remain prevalent across Nigeria.

“The CNG is deeply concerned about the current skyrocketing prices, which evidently expose some businesses as sworn enemies of Nigeria and Nigerians, despite claims for the contrary.

“The CNG emphasizes that businesses must take positive steps to reciprocate the naira’s stability by lowering the price of their products for the benefit of the common man. Failure to do so may constitute deliberate economic sabotage and exploitative tendencies against Nigerians.

“Businesses in Nigeria have moral and economic obligations to contribute to the overall well-being of Nigerians, which includes lowering prices to allow citizens to fully benefit from the strengthened naira.

“The CNG calls upon these businesses to reconsider their pricing strategies that are inimical to stabilizing the economy to alleviate the pangs of hunger and financial burdens faced by many Nigerians and

“Although profit is essential for any business, it should not come at the expense of Nigerians’ rights and privileges, which businesses must respect to enjoy a friendly business environment.

Advertisement

“The CNG believes that businesses should support initiatives aimed at controlling inflation and supporting consumers in line with best ethical business practices that encourage shared prosperity for all and sundry.

“Business entities must note that neither the country nor their businesses can achieve a sustainable growth and development when Nigerian masses continue to wallow in hunger and starvation.

“While the government has made strides in stabilizing and strengthening the naira, prices of goods and services have remained unchanged after their hikes due to a weaker naira.

“Hence, businesses must support efforts to stabilize the economy and recalibrate new prices in tandem with the current realities in the interest of all.

“The CNG calls on all stakeholders, including businesses, to take necessary actions that align with the greater interest of Nigerians for a stable economy that provides food for the downtrodden while allowing businesses decent returns on their investments.”

While we specifically acknowledge the efforts of the Office of National Security Adviser (NSA), Central Bank of Nigeria (CBN), and other relevant agencies in achieving this milestone, the CNG stresses that efforts should be sustained until a dollar is brought below ₦1000 for Nigerians to cope with the current economic challenges.

Advertisement

“Furthermore, the government, through the instruments of NSA and CBN, must continue in their efforts to maintain this momentum and implement further measures that will enhance the lives and livelihoods of all Nigerians without fear or favour.

“We at the CNG, suggests that government’s commitment to improving economic conditions should be matched with closer surveillance of major business conglomerates engaging in ethically abhorrent business practices that stifle economic mobility of the majority of Nigerians.

“The CNG, therefore, remains committed to advocating for the welfare of northern Nigerians and encourages all businesses in Nigeria, especially those in the north, to engage in responsible and transparent business practices.”

Continue Reading

News

Former South African President Zuma Involved In Car Crash

Published

on

By

South Africa’s former president Jacob Zuma has been involved in a car crash overnight after a vehicle transporting him was hit by a drunk driver, police said on Friday.

Zuma, however, escaped from the accident unhurt.

The car crash happened just hours after electoral officials barred Zuma from standing in the May 29 general election, further stoking tensions in the run-up to the polls.

The driver’s car “collided with former president Mr Jacob Zuma’s official armoured state vehicle”, the South African Police Service (SAPS) said.

The 51-year-old man was arrested in KwaZulu Natal province “for drunken driving, as well as on a charge of reckless and negligent driving”, SAPS said.

Advertisement

READ ALSO: South Africa Beat DR Congo In shootout To Finish Third At AFCON

Zuma and his bodyguards escaped uninjured and the 81-year-old was taken to his place of residence.

Zuma, a former veteran of the ruling African National Congress (ANC), was forced out of office in 2018 under a cloud of corruption allegations but still wields political clout.

In December he announced he would be campaigning for the opposition uMkhonto we Sizwe (MK) party in an attempt to relaunch his career — a major blow to the ANC.

On Wednesday the ANC launched a new court application against MK, after losing an initial bid to have it disqualified.

READ ALSO: 8-year-old Survives As Bus Carrying 46 Pilgrims Crashes In South Africa

Advertisement

The ANC says that MK’s name and logo are similar to those of the now disbanded apartheid-era military wing of the ANC once led by Nelson Mandela, and that this could deceive or confuse voters.

– Conspiracy theories –

MK’s spokesman Nhlamulo Ndhlela alleged the car collision was not a coincidence.

“The police minister who is responsible for the former president’s protection unit has not upgraded his vehicle for eight years and he is the same person that has previously uttered messages around burying Zuma,” Ndhlela told AFP.

“There is underhand at play here,” he said, alleging that Zuma’s car was specifically targeted in the motorcade.

Political tensions are running high in the lead-up to the polls, in which the ANC is on the brink of dropping below 50 percent of the vote for the first time since it came to power at the end of apartheid in 1994.

Advertisement

READ ALSO: ‘How Nigeria Can Achieve N10 Trillion Revenue From Knowledge Assets’

The party is bleeding support amid a weak economy and allegations of corruption and mismanagement.

Zuma’s car accident, two months before the vote, has been sparked conspiracy theories across social media.

The driver of the other vehicle is expected to appear in court on Tuesday.

When asked how Zuma was, Ndhlela told AFP: “He is in high spirits as always and was in laughter this morning about the accident.

“But it does not mean he took it lightly (or that) he is not aware of what’s happening.”

Advertisement

“Mr Zuma is in church today praying that the devil does not come into MK,” referring to the ANC.

Continue Reading

Trending