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Month: May 2016

Niger Gov Cautions Volunteer Groups Against Youth’s Militarilisation

The Governor of Niger State, Alhaji Abubakar Sani Bello has urged Youth Volunteer groups, especially those affiliated with religious bodies, not to militarise their members but to operate within the armpits of the law. Bello who frowned at the display…

N2.6 bn Fraud: Court fixes Arrangement NIB, 15 others’ for July 4

A Lagos Federal High Court, on Monday, fixed July 4, for the arraignment of a defunct bank, Nigeria International Bank Limited and 15 of its staff charged with alleged N2. 6 billion fraud. Other accused charged alongside the bank were:…

Alleged N1.5 bn Contract Scam:Court Decides Ex-NIMASA DG; Omatseye’s fate On May 20

A Lagos Federal High Court, today, adjourned till May 20, for judgment in a criminal case against a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Raymond Omatseye, who was charged with N1.5 billion contract scam…

Illicit drug: 3 Nigerians arrested In Indian

Three Nigerians have been arrested by the Police in Munbai, Indian, on alleged drug peddling. Those arrested according to Mumbai Police were: Ifunanya Ginika Minke, 37, and Igwe Chikwneni Emaniyal, 24. They were arrested on the spot while the third…

N8m Fraud: EFCC Arraigns Ecobank Manager

A manager with Ecobank Plc,Irene Okeoha, has been arraigned before Justice S. C. Amadi of the State High Court, Port-Harcourt, Rivers State, by the Economic and Financial Crimes Commission (EFCC) on a one-count charge bordering on alleged stealing of N8…

A’Court Affirms 25 Yrs Sentence on Boko Haram Convicts

The Lagos Division of Appeal Court has affirmed the Judgment of Justice Ibrahim Buba of a Lagos Federal High Court, delivered on September 30, 2014, which convicted and sentenced three Boko Haram members to 25 years imprisonment each. The Lagos…

EFCC Releases 2 Banks’ CEOs After Recovery Of Billions Of Naira

The Economic and Financial Crimes Commission (EFCC) said it has released chief executive officers of two Nigerian banks after the men returned billions of naira they had illicitly acquired from political slush funds during the administration of President Goodluck Jonathan….

See First Muslim Mayor in UK After Saturday’s Election

A Labour Party leader, a former human rights lawyer and a son of a bus driver from Pakistan, Sadiq Khan has been declared the winner after a protracted count that extended into Saturday in London. He has emerged the first…

Money Laundering: EFCC Arrests Access Bank CEO, Herbert Wigwe

The Economic and Financial Crimes Commission (EFCC), said it has arrested Chief Executive Officer (CEO) of Access Bank Plc, Mr. Herbert Wigwe, as money laundering investigations shifted to the Nigerian banks. It remain unclear the specific reasons for the raid…

YCM Demands Justice Over Alleged Killing of Six Persons in Ogun

Tension has gripped residents of Oke Odan township in Yewa South Local Government Area of Ogun State following the killing of Six persons by a customs Officers while pursuing smugglers. The incident occurred on Sunday May 1, 2016 around 6:30pm at Alakara…

Breaking News Business News Press Release

Wema Bank AGM Holds as Bank Commits to Innovative Banking Services

Wema Bank Plc, Nigeria’s longest surviving indigenous bank on Thursday, May 5, 2016 hosted the Annual General Meeting (AGM) to present the results for the year ending December 31, 2015 to the shareholders. It was also an opportunity to update…