EFCC Arraigns Three Senior NRC Officials Over Alleged N2.04bn Fraud
BY FRONTLINE REPORTERS The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned three senior officials of the Nigerian Railway Corporation (NRC) before the Lagos State High Court sitting in Ikeja over allegations of fraud, corruption, and money laundering totalling more than N2.04bn. The defendants — Felix Njoku, a formerContinue Reading
Air Cargo Reforms Signal Renewed Push for Nigeria’s Non-Oil Exports
Nigeria is intensifying efforts to expand its non-oil export base through a series of air cargo reforms spearheaded by the Federal Airports Authority of Nigeria (FAAN), combining infrastructure upgrades, revenue initiatives, and regulatory coordination. While government officials project optimism, industry experts remain divided on whether the reforms can deliver measurableContinue Reading
Disu Declares Total War on Police Corruption, Vows End to Impunity
BY GODWIN OBI President Bola Ahmed Tinubu on Wednesday charged the newly decorated Acting Inspector-General of Police, Tunji Disu, to leave the Nigeria Police Force stronger, more disciplined, and more trusted than he met it, as the nation confronts rising security threats. At a ceremony held at the State House,Continue Reading
EFCC Arrests Alleged Serial Fraudster Over ₦369m Fake Forex Deals in Enugu
Operatives of the Economic and Financial Crimes Commission (EFCC), Enugu Zonal Directorate, have arrested a suspected serial fraudster, Okeke Chinedu Callistus, also known as Ejike Okeke Michael, over his alleged involvement in a ₦369,325,000 fraud. The anti-graft agency said the arrest followed petitions by two victims who accused the suspectContinue Reading
Nigeria’s External Reserves Hit 13-Year High of $50.45bn — Cardoso
Nigeria’s gross external reserves have climbed to $50.45 billion, the highest level recorded in 13 years, Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Tuesday. Speaking to journalists after the 304th Monetary Policy Committee (MPC) meeting in Abuja, Cardoso said the surge signals strengthening macroeconomic fundamentals andContinue Reading
Ransom Claim Sparks Row as Federal Government, ADC Trade Words
The Federal Government has firmly denied allegations that it paid more than N10 billion in ransom or released detained militant leaders to secure the freedom of pupils and staff abducted from St. Mary’s School, Papiri in Niger State. Gunmen had stormed the school in December 2025, seizing about 300 studentsContinue Reading
Oil Revenue Dispute: Presidency Backs Tinubu as Legal Heavyweights Split Over Executive Order
BY GODWIN OBIThe Presidency has thrown its weight behind President Bola Tinubu following mounting criticism of Executive Order 9, which halts revenue deductions by the Nigerian National Petroleum Company Limited (NNPCL) and other agencies Presidential aides insist the directive is rooted firmly in constitutional authority, arguing that provisions of theContinue Reading
CBN mops up dollars to slowdown Naira appreciation
BY FRONTLINE REPORTERS The Central Bank of Nigeria (CBN) slowed naira appreciation at the official window and mopped up about $190 million from the local currency market last week. The local currency had appreciated speedily at the official window, but the exchange rate retreated for the last three trading sessionsContinue Reading
NNPC, NUPRC Jittery Over Funding as Tinubu Orders Oil Revenue Reallocation
BY GODWIN OBI Uncertainty has gripped key institutions in Nigeria’s oil and gas sector following a new executive order by President Bola Tinubu, directing the immediate reallocation of oil and gas revenues to the Federation Account for distribution among the three tiers of government. Investigations by Frontline Reporters indicate thatContinue Reading
APC Sweeps Rivers By-Elections, FCT Polls; PDP Clinches Gwagwalada
BY JAMES AKINOLA The Independent National Electoral Commission (INEC) has declared winners in Saturday’s area council elections in the Federal Capital Territory (FCT) and by-elections in Rivers and Kano states, with the All Progressives Congress (APC) recording significant victories. FCT Results In Kuje Area Council, APC candidate Danjuma Shekwolo wonContinue Reading





