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Sources inside the Economic and Financial Crimes Commission (EFCC) have disclosed to a SaharaReporters correspondent that Mr. Alison Amaechina Madueke, the husband to the embattled former Minister for Petroleum Resources Diezani Alison-Madueke, was arrested today.  Rear Admiral Alison Madueke, husband to embattled former Petroleum Minister Diezani Alison-Madueke Mr. Madueke was arrested this morning by EFCC agents in Abuja for illegally laundering more than $600,000 through his personal accounts. According to an EFCC source, “[Mr. Madueke] was arrested this morning [in Abuja] and released on administrative bail.” The EFCC also seized Mr. Madueke’s passport and placed him under caution. This is the latest development in an ongoing global investigation into the financial activity of the former Minister of Petroleum Resources Diezani Maduke, who was arrested last year in London for financial crimes. Mrs. Madueke was at the helm of the petroleum industry in Nigeria during a ...

A mild drama unfolded on Wednesday at the departure hall of the Murtala Muhammed International Airport, Ikeja, Lagos, when a middle – aged female passenger billed to travel with Etihad Airways died inside one of the toilets at the airport. Though details about the circumstances that led to her death were sketchy at press time, but she was believed to be traveling for medical treatment to a country yet to be determined. The deceased was said to have suffered a bout of pain that made her to rush to the toilet where she died. The Spokesman of the Federal Airports Authority of Nigeria (FAAN), Yakubu Dati, confirmed the incident. He said the agency was investigating the death and would give details of what happened later.

Asset & Resource Management Company (ARM) Limited was established in 1994, and has evolved into a leading asset management firm in Nigeria with a focus on asset management across a broad asset class. At ARM, our people are our main asset, and the quality of advice and solutions that they provide is the underlying reason that we are able to build and sustain lasting relationships. The quality and breadth of our client base speaks to the quality of our people. We are recruiting to fill the position of: Job Title: ARM Young Talent (Internship) Program 2016 Location: Lagos Job Description The ARM Young Talent Programme (AYTP) is designed to provide exemplary university students with the opportunity to develop an early career at ARM through exposure to meaningful assignments that offer opportunities to gain real-world experience. It is our chosen way to influence the development of talent in our environment. The AYTP offers our interns good learning opportunities, via practi...

A former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Austin Oniwon, confirmed on Tuesday that there was no formal contract between the NNPC and trading companies that lifted $24bn worth of crude oil from the country between 2011 and 2014. Oniwon told the House of Representatives Ad Hoc Committee on Crude Oil Swap that a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, merely granted the “extension” of an earlier contract. He said the extension was not a formal contract before he (Oniwon) left office in 2012. The committee is chaired by an All Progressives Congress lawmaker from Kwara State, Mr. Zakari Mohammed. “There was an approval for the extension by the minister; I believe the records are with the NNPC,” he added. The NNPC began taking 445,000 barrels of crude daily in 2010 for refining in a bid to meet the country’s local demand of petroleum products. But when the country’s refineries failed to run, the NNPC resorted ...