Business News
EFCC mounts up investigation on alleged $20 million bribe
Published
4 years agoon
The Economic and Financial Crimes Commission (EFCC), has started the probe of how the sum of $20 million was transferred into the accounts of shell companies and some former directors of the Nigerian Ports Authority (NPA). The money is believed by the EFCC to be a bribe.
According to THENEWSGURU, a source in the EFCC confirmed the on-going investigation into the bribery scandal. “So far, we are looking into the accounts of 10 suspects and about five firms which were implicated in the deal.” the source said.
The bribery case is said to have occurred before the appointment of the incumbent Managing Director,NPA, Hajiya Hadiza Bala Usman.
20 former NPA top officials are said to be linked to this case and are likely to be interrogated by the EFCC.
Background story of the alleged bribe
A firm had earlier been accused by the Switzerland Government over the bribe. The company was fined 1 million Swiss Francs by a Switzerland court, which also ordered it to pay back 36 million Swiss Francs described as illegal profits.
“We have been able to discover that the indicted firm had been entrenched in the system in the last 10 to 12 years with some contract procedure waivers linked to it.
“It is a big bribery scandal with international network. We will unravel all the perpetrators and beneficiaries.
“The good thing is that the Swiss government has always shown understanding by cooperating with the Federal Government.
“With the leg work done by our team, the $20million was not consultancy fees as being claimed by some of the highly-placed Nigerians.” the source said.
The EFCC now plan to partner with the Swiss authorities to look into the bribery case.
Coronavirus
Update: Health Minister states side effects of COVID-19 vaccines
Dr. Osagie Ehanire has disclosed the side effect of the COVID-19 vaccines.
Published
3 hours agoon
March 6, 2021
Minister of Health, Dr. Osagie Ehanire has stated the side effects of the COVID-19 vaccines, which he said is mild.
The minister disclosed this during the live broadcast when President Muhammadu Buhari took his vaccine shot on Saturday.
According to the Minister, the reactions are usually mild and only few people had complained of mild pain in the part of the body they got the shot.
He said, “It is not everybody that complained of reactions/side effects but few had complained of mild pain at the part of the body they got the shot.
”Usually manufacturing vaccines take not less than 4 years but this only took about 1 year, which is the reason some people are apprehensive about the vaccines. This was manufactured in the United Kingdom and has been certified.”
Ehanire, explained that the jab is painless as a narrow gauge syringe was used with a small quantity injected in the upper arm.
He added that the after-effects are mild but accompanied by little discomfort in the area that was injected.
Present at the brief ceremony were the Secretary to the Government of the Federation (SGF) Mr Boss Mustapha; Minister of Information and Culture, Alhaji Lai Mohammed; the Chief of Staff to the President, Professor Ibrahim Gambari and other members of the Presidential Task Force (PTF) on COVID-19, senior government officials and journalists.
Coronavirus
Update: President Buhari, VP Osinbajo get COVID-19 vaccine shots
President Buhari and VP Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.
Published
3 hours agoon
March 6, 2021
President Muhammadu Buhari and Vice President Yemi Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.
President Buhari and VP, who received his COVID-19 vaccine shot on Live TV broadcast, urged Nigerians to emulate him and do the same to curb the pandemic in the most populous black nation.
Both were administered their jabs, on Saturday morning, at the Banquet Hall of the presidential villa, Abuja at a ceremony broadcast live on national television.
Their inoculation followed their e-registration and filling out of their vaccination cards by the Executive Director of the National Primary Health Care Development Agency (NPHCDA), Faisal Shuaib.
Vaccination of Buhari was done by Chief Personal Physician to the President, Dr Suhayb Rafindadi.
Osinbajo was also vaccinated by his personal physician, Dr Nicholas Audifferen.
Nairametrics | Company Earnings
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