Tuesday, 21 June 2016

Ex-NNPC GMD, former directors, Omokore to be arraigned July 4


The Economic and Financial Crimes Commission will on July 4 arraign before a Federal High Court, Abuja, Mr. Jide Omokore, an ally of a former Minister of Petroleum Resources, Diezani Alison-Madueke.
The EFCC has already filed four counts of money laundering against a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu; ex-Director of the NNPC, Abiye Memnere; ex-Managing Director, Nigerian Petroleum Development Company Limited, Victor Briggs; and oil mogul David Mbanefo.

Naira crashes to 288/dollar at new official market


The naira plunged by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market.
The local currency also depreciated at the parallel market where it closed at 346 to the greenback, down from around 330 and 335 on Friday.