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The initiative operates in direct partnership with the Federal Ministry of Information and National Orientation and the Federal Ministry of Education while led by the Ministry of Industry, Trade and Investment through the National Talent Export Programme (NATEP).

The development followed allegations by the NDC that candidates it duly nominated were removed and replaced with individuals the party said were unknown to the organisation and had neither been nominated nor authorised to contest under its platform.

The company disclosed the performance in its audited financial results for the year ended May 31, 2026, compared with revenue of N212.63 billion recorded in the previous financial year.

EFCC Chairman, Ola Olukoyede, disclosed this during a media interactive session organised to mark his third year in office, stressing that preventing the dissipation of illicit funds was becoming more effective than investigating crimes after the money had already disappeared.

The latest performance reinforces the growing importance of domestic refining to Nigeria’s petroleum industry, following years in which the country relied heavily on imported refined products despite being a major crude oil producer.

The Economic and Financial Crimes Commission (EFCC) has challenged former Bayelsa State Governor, Timipre Sylva, to make himself available for questioning over an alleged $14.86 million fraud, hours after he accused the anti-graft agency of operating as an arm of the All Progressives Congress (APC).

Data from the Central Bank of Nigeria showed turnover fell from about $5.28 billion in the preceding trading week.

The EFCC chairman also revealed that at least five officers are currently being prosecuted for alleged corrupt practices, while case files involving other personnel are being prepared for prosecution.

Justice Akintayo Aluko, in an interim ruling, also barred the regulator, its officers, agents and representatives from sealing, shutting down, restricting access to, obstructing, suspending, disrupting, inspecting, supervising, sanctioning or otherwise interfering with the refinery’s operations pending the determination of the substantive application before the court.

The NGX All-Share Index suffered 11 consecutive losing sessions before returning to positive territory on Thursday, August 27. The rebound continued on Friday, August 28, when the index gained 0.90 percent to close at 241,298.47 points.