One Man Registers 5 Firms Within 48Hours, Secures Inflated N3.4Bn Nigerian Police Contracts Through 366 Payments, Supplying Sardines At ₦8,600 Per Tin, Others

A SaharaReporters investigation has exposed how a man registered five companies with the Corporate Affairs Commission (CAC) within two days and then used those companies, alongside three others he had earlier registered, to win suspiciously inflated contracts from the Nigeria Police Force led by Kayode Egbetokun. According to the investigation, five companies — Akulight Technologies…

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Supplying raw minerals impoverishes Africa

President Bola Ahmed Tinubu on Wednesday cautioned against the dire consequences of Africa’s long-standing profile as a supplier of raw minerals to countries of other continents. Extracting raw minerals in Africa, he said, has continued to keep the continent in a state of poverty, making it even more underdeveloped. The Nigerian leader made the observation…

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