news

Update : AGF, Malami approved, request seizure of Kyari, accomplices’ property, accounts

Published

3 years ago

March 21, 2022

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, has approved a request by the National Drug Law Enforcement Agency for the confiscation of DCP Abba Kyari and his co-accused assets.

It was gathered that the NDLEA’s request, which was dispatched to the justice ministry penultimate week, had received the AGF’s nod.

With this development, the former Commander, Inspector-General of Police Intelligence Response Team and his accomplices may lose their assets, cash and money in bank accounts; vehicles; real estate, notably hotels, residential and commercial buildings; personal effects such as wristwatches, jewellery and other valuable possessions.

About N4.2bn was traced to Kyari and his co-accused, ACP Sunday Ubua’s bank accounts.

The NDLEA had on March 7 arraigned Kyari, Ubua and four members of the IRT, Sunday Ubia, Bawa James, Simon Agirigba and John Nuhu, on eight counts of conspiracy, obstruction and dealing in cocaine, and other related offences before the Federal High Court, Abuja.

Two other suspects arrested at the Akanu Ibiam International Airport in Enugu, Chibunna Patrick Umeibe and Emeka Alphonsus Ezenwanne, were also listed as defendants in the suit marked FHC/ABJ/57/2022.

A senior justice ministry official said, “The AGF has endorsed the request by the NDLEA seeking approval for the confiscation of the assets of Abba Kyari, Ubua and the other police officers involved in drug dealing.

“With the approval, the drug agency can now go after their property such as real estate, bank accounts, cash, vehicles, stocks, bonds and anything of monetary value.”

The source further said the seizure of the embattled DCP and his co-accused assets was to ensure that they did not benefit from the proceeds of crime.

The NDLEA spokesman, Femi Babafemi, had confirmed that the accused persons’ bank accounts would be frozen, noting that this was standard practice.

Kyari, who is wanted in the United States for alleged involvement in a $1.1m scam carried out by a notorious Internet scammer, Ramon Abass, aka Hushpuppi, was suspended by the police last July.

Post Views: 781

news

BREAKING: Tinubu signs Tax Reform bills into law

Published

6 days ago

June 26, 2025

NewsThumb Magz

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.

Post Views: 99

news

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

Published

1 week ago

June 23, 2025

NewsThumb Magz

“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”.

Post Views: 373

news

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

Published

2 weeks ago

June 16, 2025

NewsThumb Magz

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

Post Views: 347