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BINL to Build $15 billion 500,000 BPD Refinery, Establish Free Trade Zone in Ondo State

Backbone Infrastructure Nigeria Limited (BINL) has concluded plans to construct and operate a 500,000 barrel per day (BPD) refinery at the Sunshine Industrial Park in Ogboti, Eruuna and establish the Sunshine Free Trade Zone (FTZ) in the Ilaje Local Government Area of Ondo State. The refinery, a joint venture with the Ondo State Government represented…

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Police arraign five family members on alleged N242.4m theft

Five members of the Obiakor family have been arraigned before a Lagos Special Offences Court sitting in Ikeja for allegedly stealing the sum of N242.391 million. The Economic and Financial Crimes Commission (EFCC) re-arraigned the five defendants, Chisom Obiakor, Daniel Obiakor, Anthony Obiakor, Precious Nwokemodo, and Ifeanyi Nwokemodo before Justice Mojisola Dada. The anti-graft agency…

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Centre Lampoons FG Over Importation of Belarus Tractors

The Centre for Social Justice (CSJ) has lampooned the Federal Government for neglecting homegrown agricultural innovations against foreign manufactured. The criticism followed the recent importation of 2,000 tractors from Belarus. Lead Director, CSJ, Eze Onyekpere while speaking in Abuja on Tuesday at the National Workshop on Improving Visibility and Linkages between Agricultural Research Extension Services…

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Alleged N600m agribusiness fraud: Court revokes bail over forged medical report

An Ikeja Special Offences Court on Tuesday revoked the bail of agrorite promoter, Toyosi Ayodele, for presenting a forged medical report in an attempt to obstruct trial proceedings.
 Ayodele is facing charges of N600 million and $50,000 agribusiness investment fraud.
 The defendant, alongside his companies, Reaprite Global Ltd., and Agrorite Ltd., is facing an 11-count…

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EFCC Arraigns Bigibet Promoter, Firm for Alleged N855m Investment Fraud in Lagos

The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Wednesday, arraigned one Adepoju Emmanuel Abiodun, promoter of Bigibet, before Justice O.A. Okunuga of the State High Court sitting in Ikeja, Lagos. Abiodun and his company, Nobelsteed Nigerian Limited, are being prosecuted on a 10-count charge bordering on stealing and obtaining under…

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