AMEBO NEWS

The Economic and Financial Crimes Commission (EFCC) has so far recovered N30billion for the Federal Government while it has also placed 50 bank accounts under investigation in the ongoing probe of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, including the erstwhile chief executive officer of the now …

Electricity transformers and substations meant for the $2.3bn Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo Adelabu, said on Sunday. The development came a few months after the Federal Government renewed the mega power project contract with the German government and …

The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, April 2, 2024, arrested the General Overseer of CAC Freedom City Prophetic and Deliverance Ministry, Ilorin, Kwara State, Adeniyi James, for allegedly defrauding a member of the church to the tune of N3,980,000. A Statement by the Head …

The Federal Government, on Friday, insisted on the 240 per cent hike in tariff payable by power consumers in the band ‘A’ category despite calls for its reversal. It also revealed that the subsidised power pricing regime would be for the short term, with a transition plan to achieve a …

The Federal Government of Nigeria, through the National Identity Management Commission (NIMC) incollaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System(NIBSS), has launched an innovative identity solution with payment functionality for all types of social and financial services to be powered by AfriGO, a National …

The Lagos State Sexual Offences & Domestic Violence Court Sentenced, Ugochukwu Onuoha to Life Imprisonment for Defiling his Neighbour’s 5 Year Old Daughter. His name will be registered in the Sexual Offenders Register as maintained by Lagos State. Justice Rahman Oshodi, in his judgment, held that the prosecution had established …

The Nigerian Security and Civil Defence Corps Commandant General’s Special Intelligence Squad has uncovered a massive illegal oil refining site at a forest in Odagwa Community in Etche Local Government Area of Rivers State. The site comprises over 10 illegal refineries with an estimated 500,000 litres of crude oil contained …

Video of the ship hitting the bridge and the bridge collapsing https://www.youtube.com/watch?v=vZLctAD7Sic?si=LbWCuIGnpbpPSbzp Summary ●A bridge in the US city of Baltimore has entirely collapsed into the Patapsco River after being hit by a container ship. ●Seven people and several vehicles have fallen into the river, says Baltimore City Fire Department …

Not less than 31 state governments in Nigeria borrowed N457.17 billion to pay salaries to their respective civil servants. This borrowing was facilitated through the Salary Bailout Facility (SBF), an intervention by the Central Bank of Nigeria (CBN). Here are the top 10 states that benefitted most from the loan: …

Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their financial statements published on the website of the Nigerian Exchange Group, the listed firms incurred significant losses in the 2023 …