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Buhari Writes UK Asking Them To Probe Saraki, Ekweremadu Acquired £15million, And £4m London Homes

Published

7 years ago

March 5, 2018

The United Kingdom’s Serious Fraud Office (SFO), is on the verge on launching an investigation under the Unexplained Wealth Order into how the Messrs after receiving a letter from the government of President Muhammadu Buhari. Bukola Saraki and Ike Ekweremadu, President and Deputy President of the Senate respectively, acquired pricey landed properties in the United Kingdom.

Mr. Saraki, at various times governor of Kwara State and Special Assistant to former President Olusegun Obasanjo, is the owner of two London properties valued at about £15million. Sources at the SFO said that his properties to be investigated are located at No. 7 and 8 Whittaker Street, Belgravia, London.

Mr.Ekweremadu, a former Secretary to the Government and Chief of Staff to the governor of Enugu state. The Senator acquired two properties worth £4m in London via fronts.

The properties are Flat 4 Varsity Court, Homer Street, WIH, 4NW London and 52 Ayleston Avenue NW6 7AB, London. SFO sources said there is a serious curiosity in the agency that Mr. Ike Ekweremadu acquired Flat 4, Varsity Court, Homer Street, WIH 4NW, London, under the guise of Ikeoha Foundation, which is registered with Nigeria’s Corporate Affairs Commission as a charity. The property is worth £830, 000.

The Deputy Senate President acquired the second property using a shell company, Property Circle Ltd Incorporated, which was incorporated in the British Virgin Islands. The property is worth £2.9million.

SaharaReporters gathered from SFO operatives that another property in the Varsity Court, purportedly owned by C & V Management Company Ltd and 44 Homer Street purportedly owned by SJW Estates Ltd, incorporated in Jersey, will also be investigated. The value of the property is £18.5million.

In addition to Messrs. Saraki and Ekweremadu, Mr. Bassey Albert Akpan, a senator, is also to be investigated by the SFO. Mr. Akpan, a former Akwa Ibom State Finance Commissioner, disclosed in his assets declaration form dated August 8, 2015, that he owns has a number of landed properties in London. SFO sources said the Mr. Akpan claimed to have acquired the properties through Barclays Bank of London-financed mortgage totaling £1million. Senate President Bukola Saraki and Deputy Senate president Ike Ekweremadu

“The SFO will investigate the circumstances under which Senator Bassey Albert Akpan acquired all these landed properties in the United Kingdom. The circumstances are suspicious, taking into account that for the past 10 years, he has always been a public officer and his legitimate earnings are far below the worth of the assets he has acquired in the United Kingdom,” said an SFO source.

The SFO source said they have received encouraging cooperation from the Buhari regime explaining that the aforementioned politicians couldn’t have afforded the properties through lawful means, the regime in a letter to the SFO detailed their salaries and emoluments as well as revealing that they did not declare the assets as required by law.

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BREAKING: Tinubu signs Tax Reform bills into law

Published

1 week ago

June 26, 2025

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President Tinubu signed the law in his office at the State House, Abuja, on Thursday, in the presence of relevant stakeholders from across the arms of government.

The new laws include the Nigerian Tax Law, the Nigerian Tax Administration Law, the National Revenue Service (Establishment) Law and the Joint Revenue Board (Establishment) Law.

Earlier on Thursday, President Tinubu had explained that the laws would be unifying Nigeria’s fragmented tax system, removing redundant overlaps, boosting investor confidence, enhancing transparency, and promoting coordinated efforts across all levels.

He also described the legislation as a clear departure from previous policies, emphasising that the reforms are designed to ease the burden on working families, small businesses, and low-income earners while eliminating inefficiencies that have long plagued Nigeria’s fiscal structure.

The Nigerian Leader explained that with the new tax reform laws, the Bola Tinubu-led Administration is now laying the foundation for a tax regime that is fair, transparent and fit for a modern, ambitious Nigeria.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet.

“For too long, our tax system has been a patchwork-complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today.

“We are laying a foundation for a tax regime that is fair, transparent and fit for a modern, ambitious Nigeria. A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity”, he said.

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Breaking: Iran launches missiles at US bases in Qatar, Iraq

Published

2 weeks ago

June 23, 2025

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“The operation of Iranian missiles against American bases located in Qatar and in Iraq has begun, and is called ‘Blessing of Victory’,” the official press agency IRNA said. AFP journalists reported hearing explosions in Doha, the capital of Qatar, home to the largest US base in the region.

Meanwhile, Qatar said it had successfully intercepted an Iranian missile attack Monday on the United States’ Al Udeid base, the largest US military facility in the Middle East.

“The Ministry of Defense announced that Qatari air defenses successfully intercepted a missile attack targeting Al Udeid Air Base,” it said in a statement, adding that “the incident did not result in any deaths or injuries”.

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Dangote Refinery to Begin Nationwide Distribution of PMS, Diesel, for smooth logistics to marketers

Published

3 weeks ago

June 16, 2025

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The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide.

The statement added that the Refinery has invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers to ensure smooth take-off of the scheme, which will continue over an extended timeframe

The statement said, “To ensure the smooth takeoff of the free logistics for marketers and petrol dealers buying from Dangote, the statement further disclosed that the refinery has procured 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers.

“This phase of the programme will continue over an extended timeframe. The refinery is also investing in Compressed Natural Gas (CNG) stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution.

This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

“Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support. Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery.

The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide.

In a statement on Sunday, the company said effective from 15th of August 2025, it will begin the distribution of the products to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boost distribution network.

The move, according to the company, was a significant national initiative aimed at transforming Nigeria’s fuel distribution landscape.

“This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

The statement added that the refinery will offer a credit facility to those purchasing a minimum of 500,000 litres, which would allow them to obtain an additional 500,000 litres on credit for two weeks, under bank guarantee.

It described the effort as a milestone in its vision to revolutionise the Nigeria’s energy sector.

“This pioneering effort marks a major milestone in our vision to revolutionise Nigeria’s energy sector. Dangote Refinery is dedicated to ensuring that no place is left behind. Our goal is to provide equitable access to affordable fuel for all Nigerians, regardless of location, making energy more accessible and sustainable for everyone, wherever they may b

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