Category : Search result: N50 billion allegation


N185bn Approved to Settle Gas Debts for Power Boost

The Federal Government has approved N185 billion to pay legacy debts to gas producers, aiming to restore confidence, boost gas supply, and improve Nigeria's electricity generation. Read more.

Akpabio Sues Natasha for ₦200b Over Harassment Claims

Senate President Godswill Akpabio sues Senator Natasha Akpoti-Uduaghan for ₦200 billion, alleging defamation from sexual harassment accusations. She vows to prove her case in court. Read the full details.

Friday Osanebi Donates ₦1bn for Delta Christmas Celebrations

Former Delta Deputy Speaker Friday Osanebi releases ₦1 billion for Christmas support to Deltans. The massive donation includes food items and cash to ease economic hardship. Read details of the distribution and a related crime update.

Zamfara's N861bn 2026 Budget Targets Growth

Governor Dauda Lawal presents a N861 billion budget for Zamfara's 2026 fiscal year, with 83% allocated to capital expenditure for transformation. Read the full breakdown.

House Issues 72-Hour Ultimatum to PAP Boss Over N26bn

The House of Representatives demands PAP Coordinator Dennis Otuaro appear before its committee over N26bn audit queries. Failure could lead to an arrest warrant. Meanwhile, nine PAP scholars graduate in the UK.

2Baba's Family Files Police Petition Against Wife Natasha

The family of music legend 2Baba has filed a formal petition with the police against his wife, Natasha Idibia, alleging bigamy, physical assault, and substance abuse. Get the full details on the escalating family drama.

Radda Pledges Timely Finish for N19.6bn Daura Road

Katsina Governor Dikko Radda assures Daura residents of the 2026 completion of the N19.6bn ring road dualisation to ease traffic and boost the economy. Read more on the state-wide tour and infrastructure plans.

Nicon Town Land Row: Court Adjourns Ruling to Feb 2026

A Lagos High Court will rule in February 2026 on whether a major land dispute in Lekki's Nicon Town Estate should proceed to full trial. Residents allege fraud in a 2010 sub-lease for 5,899sqm of communal land. Read the full details.

Eterna Plc Launches N21.52 Billion Rights Issue

Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.

Contractors Protest N760bn Debt, Disrupt Ministry

Indigenous contractors block the Federal Ministry of Finance in Abuja, demanding payment of N760 billion for completed 2024 projects. The protest disrupts government activities as financial distress deepens.

House Probes Missing N30bn NSIPA Fund, Demands Action

The House of Representatives investigates over N30bn recovered from NSIPA, demanding its release to restart vital poverty-alleviation schemes. Lawmakers warn delayed funds worsen hardship. Read more.

Reps Probe Missing ₦30bn NSIPA Funds

The House of Representatives investigates the whereabouts of over ₦30bn recovered from NSIPA, demanding its release to restart vital poverty-alleviation programmes. Read the full story.

$5B Africa Energy Bank HQ Complete in Abuja

Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.

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