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EFCC raids Dangote Group’s head office over forex deal

The operatives of the Economic and Financial Crimes Commission (EFCC) on Thursday raided the head office of the Dangote Group in Lagos over forex transactions with the Central Bank of Nigeria (CBN).

It was gathered that the EFCC officers conducted a search on forex allocations to Dangote Group during the tenure of Godwin Emefiele as the CBN Governor.

EFCC spokesman, Dele Oyewale, declined comments on the development.

But the development was confirmed by top officials of the anti-graft agency, who craved anonymity.

“Our operatives are on a search of the company. So many things went wrong with the forex transactions under the CBN. Dangote Group is one of the beneficiaries of forex deals by the CBN. So we are looking into the books because of discoveries of illegal transactions. So it is part of the probe of CBN under Emefiele,” he said.

The source added that the anti-graft is probing the utilisation of forex made available to Dangote for the refinery project.

It was gathered that the raid may not be unconnected to the activities of Jim Obazee investigative team appointed by President Bola Tinubu to examine past financial malfeasances in the CBN as part of measures to fortify Government Business Entities (GBEs).

Related Topics:Dangote Deal EFCC forex Groups Office Raids

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Lagos Govt Uncovers 86 Rooms Under Bridge Where Tenants Pay N250,000 Yearly (Update)

Lifestyle Nigeria gathered that Lagos State’s Commissioner for Environment and Water Resources, Tokunbo Wahab, on Wednesday said the government discovered 86 partitioned rooms, sized 10×10 and 12×10, under the Dolphin Estate Bridge, Ikoyi, on Lagos Island.

Tenants are said to be paying N250,000 per annum for the makeshift apartment under the bridge.

Wahab shared this information via a post on X.com on Wednesday, along with videos.

He added that the enforcement team of Lagos State’s Ministry of Environment and Water Resources had successfully removed all structures, including a container utilised for various illegal activities, from beneath the Dolphin Estate bridge.

Sharing videos he wrote, “A total number of 86 rooms, partitioned into 10×10 and 12×10, and a container used for different illegal activities were discovered under the Dolphin Estate Bridge.

“They have all been removed by the enforcement team of the Lagos State Ministry of the Environment and Water Resources”

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Daniel Anjorin, 14-Year-Old British-Nigerian Named Victim Of London Daytime Sword Attack

Lifestyle Nigeria gathered that A 14-year-old boy who lost his life on Tuesday after a man wielding a sword stabbed the youth, two police officers and two other people in a street attack in east London has been identified as Daniel Anjorin.

A 36-year-old man has been arrested on suspicion of murder.

BBC reports that Anjorin attended Bancroft’s, the same independent day school as Grace O’Malley-Kumar, one of the victims in the Nottingham stabbing incident.

In an official statement, the Metropolitan Police reported that the suspect rammed his van into a property on Laing Close, resulting in a collision that injured a 33-year-old man.

Subsequently, the suspect physically assaulted the victim, causing a wound to the neck.

Additionally, a 35-year-old man sustained lacerations to his arm during an assault within a neighbouring residence.

News

FG Inaugurates PH-Aba Train Service – Declares Free Ride For Four Days

The Federal Government of Nigeria has recently launched the Port Harcourt-Aba train service, which covers a distance of 62 kilometers.

Lifestyle Nigeria reports that to encourage the usage of the train service, the Government has also declared free train rides for a duration of four days, from May 1st to May 4th. Commercial services of the train are expected to start from May 7th.

The transportation sector is one of the key priorities of President Bola Tinubu’s administration, and the Eastern rail corridor project has been receiving special focus since he took office.

This train service is a part of the government’s efforts to facilitate trade, enhance mobility, and accessibility, and promote connectivity between regions.

“With the completion of the rehabilitation of the Port-Harcourt to Aba rail corridor, the Ministry will continue to vigorously drive the contractor Messrs CCECC towards the speedy completion and delivery of the 181 kilometres Aba-Enugu stretch,” Alkali said.

“The fare for the Port-Harcourt to Aba train service has been pegged at #1000 for VIP & #800 for economy class.”

The Nigeria Railway Corporation (NRC), the Managing Director, Fidet Okhiria, stated that the contractor is expected to deliver 50 narrow gauge locomotives and 100 narrow gauge coaches to be deployed along existing train corridors in the country.

The train services were initially set to commence by the end of March, but it was postponed to April 29th and is now scheduled to launch on May 7th. The rail line is a section of the Port Harcourt-Maiduguri railroad project initiated by former President Muhammadu Buhari’s administration.