Frauds & Scandals

House orders N225m bullet-proof cars returned to contractor

The House of Representatives Committee on Aviation, yesterday, ordered the Nigerian Civil Aviation Authority, NCAA, to return the controversial N225 million bullet-proof cars that were purchased during the tenure of former Aviation Minister, Princess Stella Oduah, and recover the money. Chairman of the committee, Nkiruka Chidubem Onyejeocha, said NCAA have […]

Senate panel blames Jonathan for illegal N685bn spending

June 3, 2014 by Sunday Aborisade/Punch   The Senate Committee on Finance has said that President Goodluck Jonathan should be blamed for the unilateral spending of N685.910bn by the Nigerian National Petroleum Corporation   on kerosene subsidy in 2012 and 2013. The committee which probed the alleged $49.8bn missing oil money, […]

SEC Suspends Shalom Investment from All Capital Market Activities

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) has announced the suspension of Shalom Investment and Financial services Limited and its sponsored individuals from all capital market activities. A statement on the official website of SEC said ‘’The General Public is hereby informed that Shalom Investment and […]