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Kenyan police on Wednesday seized 20 million dollars of counterfeit banknotes that had been stored in a personal safety deposit box at a branch of Barclays Bank Kenya, the directorate of criminal investigations said.
Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have acquired property worth £33 million (N15.6 billion), a UK investigative journalism magazine has revealed.
The Economic and Financial Crimes Commission has arraigned three suspected fraudsters and their company before Justice Z.B. Abubakar of the Federal High Court sitting in Kaduna on two counts of conspiracy and fraud.
Confusion has again hit the bid for 9Mobile as the communications sector regulator, Nigerian Communications Commission (NCC), Wednesday said it had ordered fresh due diligence on the preferred bidder selected for the telecom firm.
Britain's Serious Fraud Office said Monday that it has charged Barclays Bank over the lender's emergency fundraising from Qatar during the financial crisis a decade ago.
The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged “irregularities”.
The Senate Committee on Financial Crimes and Anti-Corruption, on Wednesday, quizzed the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, over the arrest of the Chairman/Managing Director of Innoson Vehicle Manufacturing, Chief Innocent Chukwuma.
The final buyer from among five bidders already shortlisted for the takeover of the distressed Nigerian telecoms company, 9mobile, will be announced by December 31.
The management of 9mobile says Barclays Bank has not withdrawn as financial adviser of the 9mobile investment process.
The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.
However, according to insiders, the bank is exposed to litigation issues that could see it in serious financial trouble in the future as events unfold in the courtroom.
US rapper A$AP Rocky will spend another week in custody in Sweden as police continue to investigate an alleged fight in Stockholm.
A Kabusa Grade I Area Court, Abuja on Friday ordered that an apprentice, Olaniyan Joshua, charged with attempting to steal a vehicle, be remanded in prison, pending hearing on bail application.
Tipper drivers in Anambra state on Friday blocked the ever-busy Enugu-Onitsha expressway in Awka in protest of alleged extortion by agents of state government.
Operatives of the Economic and Financial Crimes Commission (EFCC), Port Harcourt’s Zonal Office, have arrested a suspected Facebook accounts hacker, Okohwan Kelvin.
The star witness invited by Atiku Abubakar and the Peoples Democratic Party (PDP), Osita Chidoka, admitted on Friday that he has never seen the purported server allegedly utilised by INEC to transmit results.
Jan Vertonghen believes Tottenham are “the best club to play for at the moment”, but has not committed to penning a new contract in north London.
The Senate on Tuesday called for immediate convocation of a National Security Summit to address insecurity in the country.
Governor Godwin Obaseki of Edo State has met with two governors of Peoples Democratic Party, PDP, from the South-South and North in what political watchers said was a strategic move to get hold of a platform for his re-election in the event the National Chairman of All Progressives Congress, APC, Comrade Adams Oshiomhole, denies him a second term ticket.
My desire to contribute to ridding the environment of plastic wastes and also make a living out of it has led me into making good fortune, Mr Abdullahi Tsafe, a young scavenger-turned tailor in Kaduna has said.
A former Technical Adviser to the Nigeria Football Association (NFA), Tunde Disu OFR, has said that the senior national team, Super Eagles deserves a better goalkeeper to keep up with football’s current standard.