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The Economic and Financial Crimes Commission, EFCC, says it has arrested a 43-year-old company executive in Ibadan for allegedly defrauding people of over N128 million, in a fraudulent investment scheme.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has debunked reports that the Central Bank of Nigeria has suspended further disbursements to the agency over allegations of corruption in its handling of the Federal Government’s Anchor Borrower’s Programme.
Embeleakpo Apere, a former aide to former Governor Seriake Dickson of Bayelsa State, was on Thursday, arraigned by the EFCC, charged with N864.1 million procurement fraud.
A Federal High Court in Lagos on Monday dismissed a $2million money laundering charge filed by the Economic and Financial Crimes Commission (EFCC) against Uyiekpen Giwa-Osagie, a lawyer to former Vice-President Atiku Abubakar.
In obvious recognition of its brand acceptance and its role in facilitating economic development across Africa, six subsidiaries of pan African financial institution, United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine, leading global finance news publication published by Financial Times of London.
The Federal High Court in Abuja on Thursday ruled in favour of a former Group Managing Director of the Nigerian National Petroleum Corporation, Mr Andrew Yakubu, stopping the Economic and Financial Crimes Commission from confronting him with a document adjudged not to be relevant to his ongoing trial.
Fresh evidence from the Federal Bureau of Investigations (FBI) has revealed how Ramon Abbas, popularly called Hushpuppi, a Nigerian Instagram sensation, was involved in laundering unemployment benefits meant for citizens of the United States.
The directive by the Nigerian government for account holders in financial institutions to complete a new “self-certification” form is not for all bank customers, the Federal Inland Revenue Service (FIRS) and tax experts have clarified.
The Federal Inland Revenue Service (FIRS) has unveiled an automatic exchange of information-common reporting standard (AEOI-CRS) system for the use of financial institutions in the country.
The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.
Over 40 million Nigerian farmers under the auspices of All Farmers Association of Nigeria, AFAN, Saturday, hailed Dr Akinwunmi Adesina, over re-election and subsequent inauguration as African Development Bank’s President for a second tenure.
President George Weah of Liberia has congratulated Dr Akinwumi Adesina on his re-election as President of the African Development Bank (AfDB) for a second five-year term.
Akwa Ibom State Government is yet to implement the recommendations of the post coronavirus economic reconstruction committee report submitted several months to governor Udom Emmanuel.
Former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, who is facing money laundering charge, on Wednesday, told the Federal High Court in Abuja that $9.7million and £74, 000.00 the Economic and Financial Crimes Commission, EFCC, found in his house in 2017, were part of monies people gave to him as gifts.
The Economic and Financial Crimes Commission is requesting for interrogation three officials of Rivers State Government, who are implicated in the alleged illegal withdrawal of N118bn public funds.
The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 percent year-on-year growth in profit before tax in the first three months of 2020, to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019.
The United Bank for Africa (UBA), on Monday, boosted the fight against coronavirus in Kwara with a donation of N28.5 million.
The minister who had not traveled to any of the endemic countries in recent times had last week submitted his blood sample to the Nigerian Centre for Disease Control NCDC after it emerged that he may have been exposed to people who had since tested positive for the virus.
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The prime minister of Italy has called for the Euro 2020 final to be moved from Wembley due to coronavirus concerns. Mario Draghi says the level of infection in the United Kingdom means alternative venues must be considered.
Ivory Coast’s former president Laurent Gbagbo filed for divorce on Monday from his wife of three decades, his lawyer said, days after his highly anticipated return to the country.
The President of the Court of Appeal, Hon Justice Monica Dongban-Mensem, has organised a special court sitting in Jos where about 270 Motions and Appeals would be addressed for quick dispensation of justice.
MTN Nigeria plans to invest N640 billion (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress.
The three survivors of Sunday’s sporadic shooting by a police operative in Enugu have regained consciousness, a medical doctor at the Enugu State University Teaching Hospital, Parklane, has said.
Isak is currently on duty with Sweden at Euro 2020, after scoring 17 goals in La Liga last season. That form has made him one of the more interesting profiles for the summer transfer window. At the age of 21, in theory he is only going to get better. Therefore, Premier League teams could take advantage.
The Consumer Price Index (CPI) which measures inflation dropped to 17.93 per cent (year-on-year) in May compared to 18.12 per cent in the preceding month, according to the National Bureau of Statistics (NBS).
Ethiopians vote on Monday in national and regional elections that the prime minister has billed as proof of his commitment to democracy after decades of repressive rule in Africa's second-most populous nation.
The Independent National Electoral Commission has declared its readiness to resume the nationwide Continuous Voter Registration scheduled for June 28.
The Court of Appeal sitting ìn Akure Wednesday declared that the appeal filed by the Candidate of the People’s Democratic Party (PDP), Mr Eyitayo Jegede, against the decision of the Election Petition Tribunal that upheld the election of the All Progressives Congress (APC) candidate, Mr Oluwatotimi Akeredolu’, in the October 10, 2020 poll, lacked merit.