The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced plans to bring an end to the issuance of waivers under the Coastal and Inland Shipping Act of 2003. TheHintsNews reports that the Coastal and Inland Shipping Act, also known as the Cabotage Act, restricts domestic coastal shipping to Nigerian-owned, Nigerian-crewed, and Nigerian-built or -flagged vessels. However, waivers have often been granted to foreign vessels when local capacity is deemed insufficient. Over the years, these waivers have significantly limited the growth of Nigerian shipping companies, depriving them of critical opportunities in the domestic shipping space. To this end,…
Author: Hints News
‘Ajele,’ in Yoruba history was the title given “to town/village administrators during the pre-colonial administration in Yoruba land.” These administrators were appointed by colonial powers and were primarily tasked with promoting and protecting the political and economic interests of the colonial masters. In contemporary Osun politics, the term ‘Ajele’ has been repurposed and popularised—often used to describe those of us who, though are Osun indigenes, but grew up outside the state and get the opportunity to serve the state in various capacities. For the sake of political correctness, some of those who use the term now argue that appointing…
The Federal High Court, Lagos, has ordered the final forfeiture of the sum of N1,292,798,746.81 to the federal government of Nigeria in favour of Sterling Bank Plc. Justice D.I.Dipeolu gave the order following a motion on notice dated January 8, 2025 and filed by the Economic and Financial Crimes Commission (EFCC) through its counsel, Hannatu U. KofarNaisa. The court had, on March 12 , 2025, granted an interim forfeiture order of the funds and also directed the publication of the same in a national newspaper for any interested party to show cause why the money should not be finally…
Former Vice President Atiku Abubakar has said that the Economic and Financial Crimes Commission (EFCC) is entrenching itself deeper into the mire of impunity and constitutional delinquency by adopting a former member of the House of Representatives, Hon. Muhammad Kazaure. Atiku in a statement issued Saturday said Kazaure, an unapologetic critic of the gross misgovernance and failings of the Bola Tinubu administration was abducted in Kano and whisked away to Abuja. He revealed that Kazaure is presently being held incommunicado, with no formal charge or explanation offered to his family, legal team, or the Nigerian people. Atiku noted: “The EFCC…
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested two Chinese and six Nigerians for alleged involvement in illegal mining activities in the Ogere area of Ogun State. The anti-grsft agency in a statement issued Friday said the suspects: Zhang Hang Lin, Gao Pei Hai, Matthew Mathias, Oluwaseun Amoo, Wasiu Alao, Ajibola Nurudeen, Ibrahim Yinusa and Saidu Shuaibu. It noted that the suspect were arrested on Friday, 9 May 2025, during a sting operation following credible intelligence received by the Commission and detailed surveillance carried out on them. At the point of arrest, operatives recovered three…
The Economic and Financial Crimes Commission (EFCC)Thursday arraigned the Managing Director and Chief Executive Officer of Sunsteel Industries Limited, Olalekan Adewoye before the Lagos State High Court. Adewoye was arraigned alongside his companies, Sunlek Investments Limited and Sunsteel Industries Limited, on a two-count charge, bordering on stealing and obtaining property by false pretence to the tune of $680,622.65. He pleaded “not guilty” to the charges when they were read to him, following which the prosecution counsel, Abdulhamid Tukur, applied for a trial date and asked that the defendant be remanded in a correctional centre. However, the defence counsel, Olusegun…
The Federal High Court, sitting in Lagos has adjourned till June 11, 2025 “for a report on settlement and/or arraignment” of the Chairman of Honeywell Group, Oba Otudeko and others over an alleged N12.3bn fraud. The suit was brought against them by the Economic and Financial Crimes Commission , (EFCC). TheHintsNews reports that Otudeko was to be arraigned alongside a former Managing Director of First Bank Plc, Olabisi Onasanya; a former board member of Honeywell, Soji Akintayo and a firm, Anchorage Leisure Limited, on a 13-count charge bordering on obtaining by false pretence to the tune of N12.3 billion…
Operatives of the Nigeria Police Force have rescued 25 Ivorian nationals, including one Ladji Yoa Pierre, who was the subject of a formal request from the National Central Bureau (NCB) Abidjan. Force Public Relations Officer, ACP Olumuyiwa Adejobi in a statement issued Friday said this marked the third major achievement against transnational criminal activities within the span of one week. He noted: “The operation was triggered by a report filed on April 23rd, 2025, by Mrs. Kaussi Amenan Marianman at NCB Abidjan alleging that her son, Ladji Yoa Pierre, had been lured to Nigeria under false pretenses by some…
The Nigeria Civil Aviation Authority (NCAA) Friday sent a letter of sanction to the operator, Kenya Airways, over the cases of Gloria Omisore and two other passengers. The NCAA, through the Director, Public Affairs and Consumer Protection, Michael Achimugu, disclosed that the penalties are for consumer protection-related infractions. These, it said, include right to care, failure to provide full disclosure of terms of carriage, failure to respond to the authority’s request, failure to process refund and compensation, and lost baggage. The agency noted that, in addition to the fine in line with the NCAA Regulations 2023, the airline has…
The Independent National Electoral Commission (INEC) Thursday said it has was taken a decision concerning the crisis rocking the Labour Party. TheHintsNews reports that the Supreme Court recently sacked the National Chairman of the party, Julius Abure and affirmed that his tenure has expired. However, Abure insisted that the Supreme Court did not sack him, despite the Certified True Copy of the judgement saying otherwise. But, the Chief Press Secretary to INEC Chairman, Rotimi Oyekanmi in a statement said as a law abiding institution, it was carefully studying the judgement of the Supreme Court on the Labour Party and…