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Bobrisky to be arraigned today over N400m money laundering, naira abuse

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   Controversial cross-dresser, Idris Olanrewaju Okuneye popularly known as Bobrisky, will be arraigned today by the Economic and Financial Crimes Commission (EFCC) before the Federal High Court in Lagos for alleged money laundering and naira abuse. EFCC, on Thursday, filed six counts while counts bordering on money laundering and abuse of the naira on Bobrisky. Bobrisky will be arraigned before the vacation judge, Justice Abimbola Awogboro. In the charge sheet filed by EFCC prosecutor, Rotimi Oyedepo (SAN), alongside seven other lawyers, Bobrisky in the first count was alleged to have tampered with the sum of N400,000 by spraying the same while dancing at a social event at the IMAX Circle Mall, Lekki, Lagos. The commission said the offence was committed on March 24, 2024. Bobrisky was also alleged to have between July and August 2023 at Aja Junction, Ikorodu tampered with another sum of N50,000 by spraying same at a social event while dancing. The anti-graft agen...

Solid Mineral Development: FG to issue mining licences only to companies that process locally

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 The federal government of Nigeria will only issue new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on Thursday. This signals a shift from Nigeria's decades-old policy of exporting raw materials as African governments take steps to extract more value from their solid mineral deposits. To spur investment, Nigeria will offer investors incentives including tax waivers for importing mining equipment, make it easier to secure electricity generation licences, allow full repatriation of profits and boost security, Segun Tomori, a spokesperson for Nigeria's minister of solid minerals development said. "In exchange, we have to review their plans for setting up a plant and how they would add value to the Nigerian economy," Tomori said. He did not say when the guidelines would be finalised or come into effect. However, last week the minister of so...

Dangote Donates 80,000 10kg Bags Of Rice To Support Vulnerable Households In Lagos

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•••Sanwo-Olu Describes Donation As Extreme Kindness, Compassion   Lagos State Government has received 80,000 bags of 10 kilogrammes of rice to bolster its interventions targeted at ameliorating the impacts of current hardship on vulnerable households in the State. Governor Babajide Sanwo-Olu, on Wednesday, personally received fully loaded trucks laden with 80,000 units of 10kg bags of rice supplied by Aliko Dangote Foundation for immediate distribution to various segments of the vulnerable population. Africa's richest man and Chairman of Aliko Dangote Group, Alhaji Aliko Dangote, was accompanied by his billionaire associate, Mr. Femi Otedola, and daughter, Fatimah Dangote, to fulfil the corporate social responsibility aimed at supporting the nutritional needs of residents in the fasting period and easing the prevailing situation of hardship. The intervention was part of the Foundation’s ongoing rollout of one million bags of 10kg rice to vulnerable families across 36 states of the ...