Alleged N1. 767 bn Fraud: Afromedia’s GMD Suspected of Food Poisoning
A prosecutor with the Economic and Financial Crimes Commission, EFCC, Mr. A.B.C. Ozioko, today, informed an Igbosere High Court of Lagos State, that the Commission’s principal witness, Akinlola Olapade, in N1. 767 billion fraud charge filed against a former non-executive…
FG Commited to Sustainable Infrastructure – Fashola
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has restated the federal Government’s determination to develop stable power supply, good road network and affordable housing for Nigerians. This is contained in a statement from the Minister’s Special Adviser…
How We Lost Several Millions To Fraudster — Afromedia Plc’s GMD
The Group Managing Director (GMD) of foremost outdoor advertising company, Afromedia Plc, Mr. Akinlola Irewunmi Olapade today, testified before an Igbosere High Court of Lagos State, how his company was allegedly defrauded of millions of United State of American’s Dollar…
Court Dismisses Suspected Kidnapper’s Bail Application
An Igbosere High Court of Lagos State, today, dismissed a bail application filed by a housemaid, Funmilayo Adeyemi, accused of kidnapping five children from two families in Lagos state. The court presided over by Justice Raliat Adebiyi held that the…
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…
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…
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….
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…
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…
At last, Pres Buhari Signs 2016 Appropriation Bill
At last, President Mohammud Buhari today, signed signed the 2016 Appropriation Bill into law. The signing ceremony was performed at the Presidential Villa, Abuja, according to a report monitored on Radio Nigeria and at the State House. Most reporters were…
