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Evening News Brief From TheMatrix, WEDNESDAY, MARCH 12, 2025

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Good Evening. Here is today’s News Brief fromThe Matrix:

1. EFCC Cracks Down On 58 Illegal Ponzi Investment Schemes

The Economic and Financial Crimes Commission (EFCC) has cracked down on about 58 companies allegedly engaged in illegal Ponzi schemes under the pretense of investment opportunities.

2. Reps Charge NNPC Ltd To Revive Vandalised Ore Depot Pipeline

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The House of Representatives has charged the Nigerian National Petroleum Corporation Limited (NNPC Ltd) to prioritise the rehabilitation of the vandalised pipelines linking the Ore depot in Ondo for immediate resumption of operations in the facility.

3. With GDP Hitting $259 billion, Lagos Ranks As Africa’s Second-Largest City Economy

With the Gross Domestic Product (GDP) of Lagos State hitting an impressive $259 billion based on Purchasing Power Parity (PPP), the state cemented its position as one of Africa’s economic powerhouses.

4. Nnamdi Kanu’s Trial To Resume on March 21

Justice James Omotosho of the Federal High Court in Abuja has scheduled the trial of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), for Friday, March 21, 2025.

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5. Tinubu To Meet Lagos State House Of Assembly At Presidential Villa, Abuja

President Bola Tinubu is set to meet with the Lagos State House of Assembly at the Presidential Villa in Abuja. 

6. Wike Calls For Fubara’s Impeachment If Found Guilty Of Impeachable Offense

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has called for the impeachment of Governor Siminalayi Fubara of Rivers State if he is found to have committed an impeachable offense.

7. FCT Police Neutralize Notorious Kidnapper ‘Dogo Saleh’ In Major Breakthrough

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In a significant victory against criminal elements, the FCT Police Command has neutralized Salisu Mohammed—infamously known as “Dogo Saleh”—in a coordinated, intelligence-led operation. 

8. Tina Knowles Reveals Beyoncé Has Quit Acting For Good

Tina Knowles, mother of global superstar Beyoncé, has confirmed that her daughter has officially stepped away from acting, putting an end to any hopes of her return to the big screen.

9. PDP NWC Holds Crucial Meeting Following Supreme Court Ruling

The Amb Umar Damagum-led National Working Committee (NWC) of the Peoples Democratic Party (PDP) is currently holding a crucial meeting.

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10. PANDEF Urges Tinubu To Revisit Bakassi Peninsula Hand Over

The Pan Niger Delta Forum (PANDEF) has called on President Bola Ahmed Tinubu to reexamine Nigeria’s decision to cede the Bakassi Peninsula to Cameroon—a move that, according to the group, has devastated displaced communities and hurt the economic prospects of Cross River State.

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