The Public Investments Committee on Commercial Affairs and Energy has declared the National Oil Corporation technically insolvent and questioned its deal with a private fuel station chain in Kenya.

A session scheduled by the committee with NOCK officials on Thursday was also suspended, with the MPs citing grave concerns over the financial mismanagement and rising debt.

Led by Pokot South MP David Pkosing, the committee also flagged a troubling lack of transparency in the state organisation’s partnerships.

“The National Oil Corporation is no longer a going concern. We are staring at a dead agency that can neither meet salaries nor sustain operations,” MP Pkosing declared.

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• Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd filed false accounts showing turnovers of up to £642 million despite having no genuine business activity 

• All five companies shared office addresses in South London and Croydon. They also falsely named reputable accountants as auditors, and failed to co-operate with Insolvency Service investigations before being shut down 

• The companies were investigated by the Insolvency Service as a result of referrals from Companies House following legislation to improve corporate standards 

Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been…

By Ana B. Ibarra, CalMatters

This story was originally published by CalMatters. Sign up for their newsletters.

Sierra Freeman has a rare genetic disorder that makes her prone to aneurysms and has sent her to the hospital repeatedly. 

In July 2022, the Stockton resident had surgeries to repair an aortic tear and a ruptured blood vessel in her brain and spent two months at Stanford Medical Center, which hosts one of the leading programs in connective tissue disorders like the one Freeman has. 

Over the next 18 months, she racked up more than $4 million in medical bills, most of which…

There’s a mystery afoot on Capitol Hill. Tucked within the Republican megabill President Donald Trump signed on July 4 was a tax provision that surprised most, if not all, of the Republican members of Congress who voted for it. The provision limits the amount gamblers can deduct from their income taxes based on their losses — and nobody seems to know how it got into the bill.

The riddle before us is a reminder that our lawmakers don’t always know all the relevant details of the legislation they’re being pushed to support. It’s also why, if only to save themselves embarrassment, these GOP senators would have done well to resist Trump’s arbitrary demand that they give him a “big, beautiful bill” to sign by the Fourth of…

Tragedy struck the Saburi 2 community in Abuja on Wednesday following the death of Stephen Chidubem, a young man who reportedly took his own life at his residence on Abba Street, located behind the Anglican Church in the area.

Sources confirmed that Chidubem was found hanging from a ceiling fan with a rope, in what emergency officials and investigators believe to be a case of suicide.

Responders who arrived at the scene quickly evacuated his body to the Kubwa General Hospital, where he was later pronounced dead by a medical doctor.

His remains have since been deposited at the hospital’s mortuary pending an autopsy.

A handwritten suicide note was recovered at the scene, which may have…

London-based vertical farming technology firm Vertical Future has been listed for sale on an insolvency marketplace after posting a sharp decline in revenue and widening financial losses.

The company generated just £692,000 in turnover in 2024, down from £6.7 million the previous year, according to a report by City A.M. Pre-tax losses exceeded £10 million, prompting a strategic review and sale process.

In a statement, the company said: “Vertical Future can confirm that it has engaged advisors to explore strategic options for the business, including a potential sale. Like others in the vertical farming sector, we have faced significant headwinds in a difficult capital environment. The board continues to work hard to…

“We…think that this is a fit case wherein the judgment under review needs to be recalled and the matter needs to be considered afresh. So needless to say that while we are allowing the review, we keep all the questions available to both parties open to be argued at the stage of hearing,” the bench said.

“We…think that this is a fit case wherein the judgment under review needs to be recalled and the matter needs to be considered afresh. So needless to say that while we are allowing the review, we keep all the questions available to both parties open to be argued at the stage of hearing,” the bench said.

A young man identified as Stephen Chidubem has been confirmed dead after allegedly taking his own life at his residence on Abba Street, behind the Anglican Church in Saburi 2, Abuja.

This was made known by a counter-insurgency expert and security analyst in the Lake Chad region, Zagazola Makama, in a post on his X handle on Thursday.

Makama disclosed that Chidubem hung himself using a rope tied to a ceiling fan.

According to the report, emergency responders arrived at the scene and evacuated the body to Kubwa General Hospital.

He was confirmed dead by a medical doctor, and the corpse was subsequently deposited at the hospital’s mortuary for autopsy.

Makama said a suicide note recovered at the scene pointed to gambling…