30 results
- 13 Jan 2025
Falana/Citadel vs Zinox: FIRS Document Shows Benjamin Joseph Lied under Oath
As the case between Citadel Oracle Concept Limited and Zinox Technologies returns to court, a document from the Federal Inland Revenue Service (FIRS) has put a lie to the claim under oath by Benjamin…
- 5 Jul 2019
Documents Show Lai Mohammed Okayed N2.5Bn Payment to Pinnacle
Lai Mohammed, former Minister of Information has finally made a statement to the ICPC investigators taking responsibility for the approval of the N2.5 billion payment to Pinnacle Communications…
- 8 Apr 2024
Multichoice Nigeria Reportedly Defrauded of N7.9Bn
Multichoice Nigeria Limited, owners of DStv and GOtv, popular cable television services was allegedly defrauded of the total sum of N7.9 billion. Premium Times citing court documents reported that…
- 9 Jun 2017
How Security Agencies, Others Shared Diezani’s $115m Loot- EFCC
Economic and Financial Commission (EFCC) on Thursday named some of the individuals and public officials who collected from an alleged bribe of $115m doled out by a former Minister of Petroleum…
- 19 Apr 2024
FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions
Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions…
- 22 Apr 2024
Telcos Record N27Bn Loss from Damaged Fibre Cables
Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg . MTN Nigeria, the…
- 22 Feb 2022
FG Sues JP Morgan for $1.7 Bn over Oil Deal
A London court will today (Wednesday) begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The…
- 3 May 2017
Zinox Threatens to Sue Premium Times for Defamation
The management of Zinox Technologies Ltd. has given a seven-day deadline to the publishers of Premium Times, a local online publication to retract series of defamatory publications against the…
- 15 May 2017
Banks, IOCs in Trouble for Defrauding FG of $63Bn
The Senate is investigating some banks for alleged collusion with some international oil companies (IOCs) to defraud the country. It was alleged that over $63 billion had been taken out of the…
- 21 Jun 2016
Fayose Fingers Buhari’s Wife in Jefferson Bribery Scandal
Ayodele Fayose, Ekiti State governor on Monday revived a controversy surrounding the role played by Aisha, President Muhammadu Buhari’s wife, in the messy bribery scandal involving Williams…
- 28 Jan 2025
PMI Drives Digital Transformation at Tech Revolution Africa 2025
US-based Project Management Institute (PMI), the leading authority in project management, will showcase industry-leading certifications and offerings tailored for technology professionals,…
- 9 Jul 2015
Dickson, Bayelsa Governor Pays N100m to Italians to Hack Phones in Nigeria
Bayelsa state government paid close to one hundred million naira to Hacking Team, an Italian firm, to hack computers and phones in Nigeria, according to Premium Times . Premium Times pointing at new…
- 8 Apr 2013
Oil Marketer Forges Document to Obtain N963.7m
Chidi Onyejekwe, a prosecution witness in the ongoing trial of an oil marketer, Rowaye Jubril and his company, Brila Energy Ltd over their alleged fraudulent activities in the fuel subsidy support…
- 16 Apr 2012
Civil Service Ineptitude Kills Innovation - Nwosu
Tony Nwosu, Managing Director and Chief Executive Officer, Global Access Technologies (GAT) Limited, is a multi-skilled and charismatic personality. He holds B.Sc., in Electrical Engineering,…
- 4 Aug 2016
Internet Users Remain at 92m in June -NCC
Nigerian Communications Commission (NCC) has said that internet users on Nigeria’s telecommunications networks have reduced to 92,281,921, as at June 2016. The commission made this known in its…
- 5 Oct 2018
CBN Asks MTN for 15% Interest on $8.1Bn Allegedly Moved Abroad
Central Bank of Nigeria (CBN) is asking a Lagos court to make South Africa’s MTN pay 15 percent annual interest on the $8.1 billion it claims was illegally moved abroad, according to court documents…
- 4 Oct 2018
MDAs to Spend $1Bn on Software Importation
Some ministries will be spending a significant part of their budget on the importation of foreign software, according to Newtelegraph. This is amidst concerns over wastage and penchant for…
- 16 Jul 2017
Boris Becker Loses £100m Investment in Nigerian Oil Firms
Boris Becker, Wimbledon legend lost a huge part of his £100million fortune in dubious investments in Nigerian oil firms, according to German news magazine Der Spiegel . Der Spiegel – citing documents…
- 9 Oct 2016
Nigeria’s Internet Users Stand at 94m in August – NCC
Internet users on Nigeria’s telecommunications networks increased to 93,591,174 as at August 2016, the Nigerian Communications Commission (NCC) has said. The regulatory body made this known in its…
- 21 Apr 2016
Disquiet at NITDA over Employment, Sack of 245
Employment and sack of over 245 staff of the National Information Technology Agency (NITDA) is generating controversy between the affected staff and Adebayo Shittu, minister of Communications,…
- 13 Oct 2020
Eni Seeks World Bank Arbitration in Nigeria Oilfield Dispute
ENI.MI has filed a request for arbitration against Nigeria at the World Bank's dispute settlement body and plans to argue that the country's failure to allow it to exploit an oilfield it acquired…
- 12 Dec 2016
NCC May Intervene over Telcos’ Debt to VAS Licensees
Licensees in the Value Added Service (VAS) market segment of the nation’s ICT industry have sent ‘Save our Soul’ letter to the Nigerian Communications Commission (NCC) over the increasing debts owed…
- 11 Apr 2013
Pavegen Floor Tiles Redefines Street Lighting Application, Other Usages
Pavegen Systems displaying innovative prowess has showcased floor tile technology that converts the kinetic energy from human footfall into renewable electricity and can be used to power low-energy…
- 18 Aug 2008
Fake Courier Firms Rake in N6bn
Illegal courier operators are flourishing with an estimated N6 billion tax free earnings annually, a special Nigeria CommunicationsWeek investigation has shown. The scale of activities of the…
- 12 Dec 2015
Sambo, Ex-VP, Received N20m Stipends Monthly from Dasuki
Ibrahim Idris Wambai, the former Accounts Officer II, has revealed that that the Office of Nigeria’s former Vice President Namadi Sambo was on a monthly stipend of N20million from the Office of the…
- 7 Oct 2014
S/Africa, Nigeria @ War over Seizure of New $5.7m Arms Cash
South Africa authorities have confiscated fresh $5.7 million arms money from Nigeria, about three weeks after seizing $9.3 million in cash transported by two Nigerians and an Israeli for arms…
- 16 Nov 2023
Ajaokuta Steel: Mittal, Indian Businessman Gets $500m Bailout in Nigeria
A company owned by Pramod Mittal, an Indian businessman who was the chairman of Ispat Industries Limited (now JSW Ispat Steel) is reportedly getting almost $500 million after the federal government…
- 20 Sept 2021
Naira Slumps by 209 Per Cent in 6 Years
Despite the over $130bn deployed by the Central Bank of Nigeria (CBN) to defend the naira and a myriad of policies churned out to shore up its value over the past six years, the Nigerian currency has…
- 2 Jul 2016
How Holder, US Lawyer Helped Cut Billions off MTN Fine
Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. Five months later, it struck a deal…
- 9 Aug 2018
BOA Fights Back over Alleged Unjust Sack of 325 Staff
Management of Bank of Agriculture, (BOA), has debunked allegations of unjustly terminating appointments of 325 employees, stressing that the said employees were from the non-core sector of the…