NEITI DISCOVERS N1.12TN FRAUD IN NNPC.

The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday.

The Minister of Solid Minerals and Chairman, NEITI Board, Kayode Fayemi, who unveiled the report, said the document contained damning revelations about revenues either lost or unremitted by the Nigerian National Petroleum Corporation and its sub-units.

About N1.12 trillion, consisting $3.8billion (about N756.2 billion) and N358.3billion, was outstanding revenues from NNPC as unpaid royalties from the divested oil mining leases, OMLs.

READ HOW EX DEFENCE CHIEF, ALEX BADEH BOUGHT FAYOSE'S LAND FOR N650M.

A witness in the ongoing trial of former Chief of Defence Staff, Alex Badeh, has shed light on how Mr. Badeh bought a land belonging to Ekiti State governor, Ayodele Fayose, for N650 million.

The witness, Mustapha Yerima, managing director of a contracting firm, Right Builders Limited, said he got to know about the said land during a negotiation with a company, Kasamgo Investment, for the purchase of a land, on which his company would construct a mall for Mr. Badeh.

Mr. Yerima explained that it all started in 2013 when he found out about the plan of the Nigerian Air Force to engage the services of contractors for the construction of a mall for the helmsman at the Air Force.

GOVERNOR FAYOSE BANS GRAZING IN EKITI AFTER 2 PEOPLE DIED AS A RESULT OF SUSPECTED HERDSMEN ATTACK.

The Ekiti State Governor, Mr. Ayodele Fayose, has banned grazing and rearing of cattle in the state, saying those interested in cattle farming should get their own private cattle ranches.

The governor announced this when he visited Oke Ako in Ikole Local Government Area of the state where some residents of the town were attacked on Friday night by criminals suspected to be Fulani herdsmen.

Two persons died from the attack while three others are receiving treatment in separate private hospitals in Ikole Ekiti and Ado Ekiti.

DOWN AND OUT - MANCHESTER UNITED SACKS LOUIS VAN GAAL, EXPECTED TO NAME JOSE MOURINHO ON TUESDAY.

Louis van Gaal has been sacked as manager of Manchester United, with former Chelsea boss Jose Mourinho set to be named as his replacement.

Van Gaal, 64, leaves after two years of a three-year contract and is currently discussing severance terms.

The former Netherlands boss is believed to earn around £6.4m a year.

NLC SUSPENDS INDEFINITE STRIKE, SET TO MEET WITH FEDERAL GOVERNMENT.

The Nigeria Labour Congress has suspended the indefinite strike it called to protest the increase in the pump price of petrol from N86 and N86.50k to N145.

The decision to suspend the strike was taken at an emergency meeting of the NLC National Executive Committee in Abuja on Sunday.

The NEC also resolved to resume negotiation with the government on the issue of the increase in electricity tariff and the 45 per cent increase in the pump price of petrol.

COURT ORDERS OKONJO IWEALA TO ACCOUNT FOR MISSING N30TN.

A Federal High Court in Lagos has ordered a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, to account for the N30tn which a former Governor of the Central Bank of Nigeria, Prof. Charles Soludo, claimed went missing under her watch.

Justice Ibrahim Buba said ordering Okonjo-Iweala to offer explanation on the allegedly missing money was the only thing to do since she had failed to put in a valid defence against a suit seeking an order, mandating her to account for the allegedly missing money.

Soludo had, sometime ago, alleged that “at least, N30tn was either stolen or unaccounted for, or grossly mismanaged” over the years that Okonjo-Iweala was in office as the Coordinating Minister of the Economy and Minister of Finance.

POLICE SEAL OFF PDP HEADQUARTERS IN ABUJA AS 3 FACTIONS EMERGES.

Heavily armed policemen have taken over the national headquarters of the Peoples Democratic Party in Abuja.

This step, which was noticed on Sunday, was said to have been carried out by the police to prevent the breakdown of law and order at the secretariat.

A former Governor of Borno State, Senator Ali Modu Sheriff, was reportedly removed as the PDP national chairman at the party’s convention in Port Harcourt, Rivers State, on Saturday.

SERAH LUKA BECOMES SECOND CHIBOK GIRL RESCUED BY THE NUGERIAN ARMY.

A second schoolgirl who was among more than 200 others kidnapped by Boko Haram during an attack on their school in the northeastern Nigerian town of Chibok more than two years ago has been found, the army said Thursday. The news comes just days after the first of the missing schoolgirls was found by vigilantes late Tuesday in Sambisa forest, near Nigeria’s border with Cameroon.

The second schoolgirl, Serah Luka, was among 97 women and children held hostage by Boko Haram who were freed Thursday after clashes between soldiers and jihadi militants in northeastern Borno state, Army spokesman Col. Sani Usman reportedly said. Luka reportedly was from the northeastern town of Madagali, in the state of Adamawa, which borders Borno.

WRECKAGE OF CRASHED EGYPTAIR PLANE FOUND NEAR GREEK ISLAND.

Wreckage of EgyptAir flight MS804 has been found south of the Greek island of Karpathos, Egyptian aviation officials say. The Airbus A320 was en route from Paris to Cairo with 66 passengers and crew when it went down overnight.

Egyptian Vice-President Ahmed Adel told CNN the rescue operation was "turning into a search and recovery". Officials say the plane is more likely to have been brought down by a terrorist act than a technical fault.

It made two sharp turns and dropped more than 25,000ft (7,620m) before plunging into the Mediterranean Sea, Greek Defence Minister Panos Kammenos told reporters.

WHY WE CANNOT RELEASE SAMBO DASUKI - FG TELLS ECOWAS COURT.

The Federal Government on Thursday told the Economic Community of West African States that it would be dangerous to release the immediate National Security Adviser, Col. Sambo Dasuki (retd.), from custody because he constituted a threat to national security.

Dasuki was re-arrested on December 29, 2015 by the operatives of the Department of State Service shortly after he was released on bail from ‎Kuje Prisons, Abuja, with respect to his ongoing trial on three separate sets of charges.

The Federal Government on Thursday called two witnesses ‎to oppose a fundamental human rights enforcement suit filed before the ECOWAS Court by Dasuki seeking his release from the custody of the DSS.

RONKE SHONDE MAY HAVE DIED FROM RESPIRATORY SEIZURE & HEAD INJURIES.

Autopsy report reveals that late Ronke Shonde, who was  allegedly killed by her husband, Lekan, died from respiratory seizure. The report which was signed by Dr. Shoyemi, a pathologist at the Lagos State University Teaching Hospital LASUTH, attributed Ronke's death to head injuries and she also had water clustered in her head.

The final autopsy report, which just got to the State Department of Criminal Investigation, revealed that the victim did not die from domestic violence.

A very reliable source said, “The final autopsy result has been released. In fact, it is just getting to the SDCI. The summary of the report is that she did not die from the bruises on her body. She died from respiratory seizure.”

ICE PRINCE CONFIRMS EXIT FROM CHOCOLATE CITY.

Rapper Ice Prince confirmed he has parted ways with Chocolate for over two years but decided not to make the news public. He made the announcement on a radio station during an interview earlier today.

He stated that he will float his record label "Super Cool Cat" soon.

NIGERIAN ARMY RELEASES STATEMENT & PICTURES OFTHE RESCUED CHIBOK GIRL, HER BABY & SUPPOSED TERRORIST HUSBAND.

MISS AMINA ALI

Please recall that we informed you that one of the abducted Chibok school girls has been rescued earlier today and promised to give further details.

Further to that, in continuation of Operation CRACKDOWN, troops of 25 Brigade Damboa in conjunction with Civilian JTF deployed in one of the blocking positions at Baale, near Damboa rescued one Miss Amina Ali and a suspected Boko Haram terrorist, Mohammed Hayatu, who claimed to be her husband.

CHIBOK GIRL, AMINA ALI FOUND IN SAMBISA WITH A CHILD SHE HAD IN CAPTIVITY.

The first of 219 schoolgirls abducted by Boko Haram from Chibok in northeast Nigeria more than two years ago has been found. 

Amina Ali was discovered in the Sambisa Forest area of Borno state by civilian vigilantes assisting the military on Tuesday.

Ms Ali, who was 17 when she was abducted, has reportedly had a child while in captivity.

According to a local spokesperson, she is now with her family in her home town of Mbalala, near Chibok.

FAMILY OF LATE RONKE SHONDE KILLED BY HER HUSBAND RELEASE PROOF OF BATTERY AS ALLEGED LOVER DENIES ALLEGATIONS.

The man accused of dating late Ronke Shonde, Kayode, has denied the allegation, saying he only had a professional relationship with the deceased.

This is just as the family of the victim released Whatsapp snapshots which showed Ronke’s husband, Lekan, admitting to brutalising her, asking for God’s forgiveness and promising to stop beating her.

Our correspondent had reported that 51-year-old Lekan allegedly killed his wife at their home in the Egbeda-Idimu area of Lagos State last Thursday.

FEDERAL GOVERNMENT REMOVES PETROLEUM SUBSIDY, RAISES PUMPPRICE TO N145/L.

The federal government has deregulated the downstream sector of the petroleum industry, which will raise the price of fuel to N145 a liter.

According to the Minister of State for Petroleum, Ibe Kachikwu, who made the announcement after meeting with top government officials in Abuja on Wednesday, the policy aims to increase the supply of fuel in Nigeria.

Stakeholders present at the meeting agreed that the primary cause of fuel scarcity in Nigeria is “the inability of importers of petroleum products to source foreign exchange at the official rate due to the massive decline of foreign exchange earnings of the federal government.” This has prevented private oil marketers from meeting their 50 percent portion of the total national supply of Premium Motor Spirit (PMS).

EFCC TRACES 15BN OF DIEZANI'S N23BN TO EX-MINISTERS, INEC OFFICIALS AND OTHERS.

The Economic and Financial Crimes Commission (EFCC) has located the whereabouts of  N15billion of the N23.29billion ($115m)  allegedly offered as a bribe by the Peoples Democratic Party (PDP) to officials of the Independent National Electoral Commission (INEC)  in connection with the 2015 elections.

The bribe was for the purpose of compromising the result of the elections which the party’s presidential candidate Dr. Goodluck Jonathan lost to Muhammadu Buhari of the All Progressives Congress (APC).

Fourteen directors of four oil firms suspected of substantially bankrolling the N23.29b poll bribery scandal have also been identified by the anti-graft agency while some former Ministers arrested in connection with the scandal were battling for bail last night.

HIGHLIGHTS - MANCHESTER CITY 2 ARSENAL 2.

Manchester City 2 Arsenal 2. FT. pic.twitter.com/EAZQD5l6cA

— PREMIUM TWEEP (@XANTAPLUS) May 8, 2016

Emir Muhammadu Sanusi II speaks on how $20bn vanished from state coffers under the watch of @GeJonathan.

EMIR SANUSI

In this explosive interview by Forbes TV, former CBN Governor and current Emir of Kano, Sanusi Lamido exposes how former President Jonathan , Diezani Madueke and Okonjo Iweala supervised the theft of $20BN from the coffers of Nigeria.

#DASUKIGATE- EFCC TRACE STOLEN FUNDS TO AIDES OF EX-PRESIDENT JONATHAN. ABATI, GULAK, AND OTHERS INVOLVED.

Reports indicates that the Economic and Financial Crimes Commission (EFCC) has located stolen money from accounts of the former National Security Adviser (NSA) Sambo Dasuki to several prominent aides to the former President Goodluck Jonathan.

This news comes just as EFCC agents have raided the home of former top aide to Mr. Jonathan and spokesman of his presidential campaign Femi Fani-Kayode. This is also the latest development in a massive probe of Mr. Dasuki’s fraudulent use of public funds which are now known to have been used to bribe top military officials, rig the Ekiti State gubernatorial elections, and be diverted to accounts belonging to powerful public officials.

EFCC sources said that Mr. Jonathan’s former spokesman, Rueben Abati, took N72 million; top-PDP chieftain Uche Secondus took N250 million, and Ahmed Gulak was found to have taken N50 million. Bello Fadile, a security analyst who was used by Jonathan to attempt to stop INEC from releasing the 2015 presidential election results, took N754 million.