Author: News Room

Former Nigerian petroleum minister Diezani Alison-Madueke on Tuesday denied multiple bribery charges as her trial opened at Southwark Crown Court in London, where prosecutors accused her of living a “life of luxury” funded by illicit payments. British prosecutors told the court that Alison-Madueke, 65, accepted bribes between 2011 and 2015 while serving as Nigeria’s minister of petroleum resources under former President Goodluck Jonathan. According to the prosecution, individuals seeking “lucrative oil and gas contracts” with Nigeria’s state-owned oil company provided her with “significant financial and other advantages” in exchange for influence. “She should not have accepted benefits from those doing…

The Enugu State Police Command has intensified its crackdown on drug trafficking and related criminal activities with the arrest of four suspected drug peddlers in separate, intelligence-driven operations within and around the Enugu metropolis. The arrests, carried out by operatives of the command’s Special Weapons and Tactics Team and the Anti-Cultism Squad, led to the recovery of large quantities of substances suspected to be cannabis and hard drugs, as well as a cash sum of N1.8m and other incriminating exhibits. The command’s spokesperson, SP Daniel Ndukwe, disclosed this in a statement issued on Tuesday, noting that the operations were part…

In Nigeria, energy is often discussed as a technical or policy problem, from megawatts generated and grids upgraded to fuels subsidised. Yet for most Nigerians, energy is not an abstract concept. It is something encountered daily: whether the street is lit at night, whether children can learn in healthy classrooms, whether a meal can be cooked healthily and affordably, or whether a city can function without constant noise and pollution from generators. Recent research on energy and the environment in Nigeria shows that the country’s energy transition is already unfolding, not only in national master plans but also in streets,…

The International Air Transport Association has said that international airlines are facing growing financial pressure as billions of dollars in ticket revenue remain trapped in various countries due to foreign-exchange restrictions. In an article by the Senior Vice President, External Affairs at IATA, Thomas Reynaert, he warned that the issue of blocked funds poses a serious risk to global air connectivity and economic growth. “Imagine running a business where you sell your products in certain markets, but access to your revenue was not guaranteed. Would you keep operating there? For many airlines, this isn’t hypothetical; it’s a reality,” Reynaert said.…

Galatasaray striker Victor Osimhen headlines the list of Nigerian stars facing crucial battles to salvage their clubs’ UEFA Champions League campaigns as the group phase concludes on Wednesday (today), PUNCH Sports Extra reports. Osimhen and Galatasaray are at risk of elimination from Europe’s elite club competition and must avoid a heavy defeat to stand a chance of progressing to the play-offs. However, the Turkish champions face a daunting final fixture away to Manchester City, who also require a win to secure a top-eight finish. Galatasaray sit 17th with 10 points from seven matches, a return that falls short of the…

Hello and welcome to Regulator, the Verge newsletter about the technology politics happening in our nation’s capital. I hope our snowstorm-affected readers are safe, warm, and haven’t reenacted The Shining at home yet. Do you know what prevents that? Subscribing to The Verge.Last week, when I was tracking Coinbase’s opposition to the Clarity Act, I kept hearing the same fear from worried DC insiders: The crypto industry was running out of time to pass a bipartisan market structure bill that would actually give them a favorable outcome. The midterm elections are imminent, and Congress will switch to campaign mode in…

Morgan Stanley has tapped veteran executive Amy Oldenburg to lead the investment bank’s new crypto unit, just weeks after announcing plans to launch three crypto exchange-traded funds and a crypto wallet.Oldenburg will transition to head of digital asset strategy after working in Morgan Stanley’s emerging markets equity team since 2001, Bloomberg reported on Tuesday.Oldenburg has been leading the emerging markets team since November 2021, where she was tasked with driving the division’s digital asset strategy.Job listings on LinkedIn show the $2 trillion investment bank is also looking to expand its crypto team, listing positions for digital assets strategy director, digital…

An Idaho man who police said killed his estranged wife allegedly sent her mother a text afterwards, apologizing for his actions and explaining to her, “Satan got ahold of me,” according to reports. Christopher Moon, 43, shot his 23-year-old wife, Cassandra Clinger, to death on the morning of Wednesday, January 21. Moon then died by suicide, police have confirmed. “You were right,” wrote Moon, according to a screenshot of the exchange the family shared with Cowboy State Daily. “Satan, got ahold of me. I’m so sorry, I love her so much.” When the texts came in, Cassandra’s mother, Cynthia, was…

The Nigerian Navy has appointed Abiodun Folorunsho, a captain, as its new director of Naval Information, following the approval of the Chief of the Naval Staff, Idi Abbas, a vice admiral. The appointment was contained in a statement on Tuesday by the Chief of Policy and Plans (Navy), Akinola Olodude, a rear admiral, in Abuja. According to the statement, Mr Folorunsho took over duties from Aiwuyor Adams-Aliu, a commodore, who has been redeployed as Commander, Nigerian Navy Ship (NNS) BEECROFT, the Navy’s premier base. Mr Olodude said Mr Folorunsho, a member of the 50 Regular Course of the Nigerian Defence…

The Lagos State House of Assembly has refuted reports alleging that it allocated funds to procure residential properties in Abuja for its members under the 2026 Appropriation Law, describing the claim as unfounded and driven by political motives. In a joint statement issued on Tuesday, the Chairman of the House Committee on Information, Strategy and Security, Hon. Stephen Ogundipe, and the Chairman of the Committee on Economic Planning and Budget, Hon. Sa’ad Olumoh, said the allegation was entirely false and urged members of the public to independently review the appropriation law. According to the lawmakers, there is no provision in…