Man Bags Two Years Jail Term, N.3m Fine for Land Fraud

The Economic and Financial Crimes Commission, EFCC, Maiduguri Zonal Office on Monday, September 9, 2019 secured the conviction of one Alhaji Mustapha Mohammed. He bagged two years with an additional N300,000 fine from Justice Fadawu Umar of the Borno State High Court, Maiduguri on a one-count amended charge, bordering on obtaining by false pretence. Trouble began for the convict when the Commission received a petition from the duo of Yerima Mukhtar and Abbas Sadiq Hassan, accusing him of issuing a fake grant offer to them for a plot of land…

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FG’s collected revenue in july rises by 22.6% to N931.93bn -CBN

Nigeria’s federally collected revenue (gross) stood at N931.93 billion in July, representing a 22.6 percent increase compared with the N760.08 billion recorded in June, the Central Bank of Nigeria (CBN) has revealed. However, the amount realized in the month under review was lower than the provisional monthly budget estimate of N1.107 trillion by 15.8 percent. The decline in federally-collected revenue relative to the provisional monthly budget estimate was attributed to a shortfall in both oil and non-oil revenue in the review period. Data from the central bank’s economic report for…

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