…Demands $2bn in unpaid taxes The Nigerian Government has filed a lawsuit against cryptocurrency exchange company, Binance Holdings Limited, seeking $79.51 billion and ₦231 million in damages for alleged economic losses caused by its operations in the country. According to the charge marked FHC/ABJ/CS/1444/2024, the Federal Inland Revenue Service (FIRS), is also demanding $2.001 billion in income taxes for 2022 and 2023. Binance and its executives, Tigran Gambaryan and Nadeem…

In a strategic move to drive Nigeria’s economic reforms, the federal government has mandated the Presidential Committee on Economic and Financial Inclusion (PreCEFI) to oversee the implementation of the Aso Accord. The committee, inaugurated by Vice President Kashim Shettima on February 10 is tasked with providing high-level strategic guidance to ensure inclusive economic growth and bridge financial gaps nationwide. The establishment of PreCEFI aligns with President Bola Tinubu’s administration’s commitment…

Vice President Kashim Shettima has described the passing of elder statesman Chief Edwin Clark as a profound loss to Nigeria, likening his death to the fall of a great Iroko tree.   Chief Clark, a former Federal Commissioner for Information in the First Republic and a Senator in the Second Republic, died on Monday at his residence at the age of 97. Until his death, he was the Chairman of the…

The President of Aliko Dangote Industries and Africa’s richest man, Alhaji Aliko Dangote, has been ranked the 86th richest person in the world by Forbes magazine. According to the renowned publication on Monday., the fortune of the Chairman of Dangote Petroleum Refinery & Petrochemicals has risen to $23.9 billion. Dangote’s wealth increased by 85.27 percent or $11 billion year-on-year, from $12.9 billion net worth reported by Forbes on February 18,…

Two of the suspected killers of a member of the state house of assembly, Justice Azuka, have escaped from custody, the police command in Anambra State has said. The Labour Party (LP) member of the state House of Assembly was abducted and attacked by gunmen on Christmas eve as he made his way home for the festivities. Few weeks ago, the lifeless body of Azuka was found on the Second…

Fugitive musician, Habeeb Okikiola Olalomi, popularly known as Portable, has surrendered himself to the Lagos State Criminal Investigation Department (SCID) in Yaba. This follows an ongoing police investigation into allegations of violent conduct and assault on government officials in Ogun State. Confirming the development, Lagos State Police Public Relations Officer (PRO), Benjamin Hundeyin via text on Wednesday, said, “Portable just turned himself in at the SCID Yaba. We have contacted…

The Department of State Services (DSS), has threatened to institute legal proceedings against two major television stations over their coverage of the Lagos State House of Assembly crisis. The Nigeria’s secret police alleged that Africa Independent Television (AIT) and Channels Television made false and damaging reports about its role in events at the Assembly on February 17. The DSS, through its lawyer, Adedeji Adedipe, claimed that it was only helping…

The National Centre for the Control of Small Arms and Light Weapons (NCCSALW) has called for the support and collaboration of the Economic and Financial Crimes Commission (EFCC) in its efforts to curb the proliferation of small arms and light weapons in Nigeria. The request was made yesterday during a courtesy visit by the NCCSALW management team, led by its Director General, Johnson Babatunde, a retired Deputy Inspector General of…

The Inspector-General of Police, Kayode Egbetokun, revealed on Tuesday, February 18, that his administration inherited a staggering 13-year backlog of unresolved insurance claims for the families of deceased police officers. Egbetokun made the disclosure during the unveiling of the Police Insurance Claims Management Portal and the presentation of cheques to beneficiaries and next-of-kin of fallen officers in Abuja. In his address, Egbetokun stated that the backlog, which spanned from 2010…

The Chief of Staff to the Alaafin-designate, Rotimi Osuntola, has firmly declared that there are no hindrances to the planned coronation of Engr. Akeem Abimbola Owoade as the 46th Alaafin of Oyo. The event is set to take place on April 5, 2025, at the Olivet Baptist High School in Oyo. In a statement issued on Tuesday, Osuntola assured the public that all necessary arrangements for the coronation are in…

The Ogun State Police Command has rejected claims by controversial musician Habeeb Okikiola, popularly known as Portable, that he is receiving psychiatric treatment at the Federal Neuropsychiatric Hospital, Aro, Abeokuta. Portable made the statement in a video on Tuesday, February 18, appealing to Nigerians and the Ogun State Government after being declared a wanted man by the police. In the video, Portable described himself as a “madman” and claimed he…

The apex Ijaw socio-cultural organisation, the Ijaw National Congress (INC) has declared three days of mourning to honour late Chief Edwin Kiagbodo Clark. President of the INC, Prof Benjamin Okaba, who disclosed this in a statement Tuesday night in Yenagoa also called on Ijaw people at home in the diaspora to fly the Ijaw national flag at half mast during the mourning period. He described the demise of Pa Clark…