Malabu oil scam: UK court repatriates $73m to FG

Although the Nigerian Government is yet to prosecute and convict many individuals and entities involved in the alleged monumental fraud running into billions of Naira in the controversial Oil Prospecting Lease 245, the United Kingdom has returned the sum of $73 million seized in connection with the fraud to the Nigerian Government. However, the name…

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BPE dispels rumour of BEDC, Discos’ licence renewal

By Oke Peter The Director General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, has declared that contrary to insinuations in some quarters, there is nothing ongoing in terms of contract or license renewal for any of the Distribution Companies (Discos), including Benin Electricity Distribution Company (BEDC) Plc. Speaking during a press briefing in Benin,…

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