In a significant crackdown on illegal oil bunkering activities, the Nigerian Navy has announced the arrest of 14 individuals suspected of involvement in illicit oil operations within the Elem Krakama community in Degema Local Government Area of Rivers State.The operation, spearheaded by the Commander of Nigerian Navy Ship Pathfinder, Commodore Desmond Igbo, uncovered an extensive illegal oil refining site capable of producing over 9.6 million litres of Automotive Ga...

Operatives of the Nigerian Navy Ship (NNS) BEECROFT made a significant discovery of an alleged illegal Automated Gas Oil (AGO) bunker with a capacity of 400 thousand liters at a private residence in the Lekki area of Lagos. This revelation came following intelligence received by the base regarding a gas tanker loading at the Elegushi Beach.Commodore Rafiu Taye Oladejo, the Commander of NNS BEECROFT, expressed concern over the situation, noting that the suspects were...

Tigran Gambaryan, the Head of Financial Crime Compliance at Binance, has appeared before the Federal High Court in Abuja for arraignment on charges of tax evasion.Alongside him, Nadeem Anjarwalla, Binance's Regional Manager for Africa, is also expected to face charges in the same suit marked FHC/ABJ/CR/115/2024.The allegations against Binance include failure to register with the Federal Inland Revenue Service (FIRS) for tax purposes. Both Gambaryan and Anjarwalla we...