Football finance experts have estimated that any future deal involving Kylian Mbappé could require a staggering total financial commitment of around €400 million, underlining...
The Economic and Financial Crimes Commission (EFCC) on Friday July 17, presented its 10th witness against Ismaila Mustapha alias Mompha in an ongoing trial at the Federal High Court in Ikoyi, Lagos.
The Lagos Zonal Office of the Commission is prosecuting Mompha alongside his company, Ismalob Global Investment Limited on an amended 22-count charge, bordering on cyber fraud and money laundering to the tune of N33billion (Thirty Three Billion Naira).
Mompha's uncle, Alhaji Ahmadu Mohammed was presented as the 10th prosecution witness (Pw10). He told the court that he and one other person are directors at Ismalob Global Investment Limited, but that Mompha was the sole signatory to the account of the company, domiciled in Fidelity Bank.
Ahmadu further disclosed...
As part of his administration’s effort to cut down the cost of governance, President Bola Tinubu has reportedly expressed willingness to auction three presidential Air Fleet.
The fleet currently consists of ten aircraft, six jets and four helicopters which will be reduced to seven if the planned action is carried out.
During President Muhammadu Buhari’s administration, the proposal to sell two planes from the fleet was dashed.
In October 2016, a Dassault Falcon 7x executive jet and a Beechcraft Hawker 4000 business jet were offered for sale.
The preferred bidders who initially agreed to pay $ 24 million for the two aircraft, later reduced their offer to $ 11 million. This was rejected by the then government.
Thereafter, an arrangement...
