Attorney General of Federation in trouble over alleged $200m corruption probe

If the motion raised by the Senator, representing Kogi West, Dino Melaye was to be taken seriously, then the office of the Attorney General of the Federation, may have worked itself into trouble. The Senator had allegedly disclosed following an adopted point of order 42 raised that the office of the AGF was planning to defraud Nigerians of over $200 million, which he stated that the huge sum had been housed at the Central Bank of Nigeria, CBN. In his presentation, Melaye said he had a profound evidence to prove…

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We don’t have $3.5billion subsidy fund, says NNPC

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion Subsidy fund.   NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release today in Abuja, explained that at the hit of the shortage of products supply at the close of last year, the National Assembly asked the NNPC to do everything possible to stem the hiccups. Ughamadu revealed that accordingly, NNPC initiated the move to raise a revolving fund of $1.05billion, since the corporation was, and still is,…

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