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EFCC arrests ‘investment company’ chief for ‘fraud’

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.
Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]

Bitcoin drops below $50,000

The value of the cryptocurrency market stood at $1.81 trillion on Friday, a 10.26 percent drop over the last day, according to data from coinmarketcap .com.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

NIRSAL debunks corruption allegation over handling of ABP, threatens litigation

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.
Stanbic IBTC

Stanbic IBTC offers low-interest agric loans

Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other players in the agricultural value chain.
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.

Senator Dickson’s ex-aide charged with N864 million procurement fraud

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.
Prosecutors failed to attend Tuesday’s hearing at the federal high court in Lagos, having previously failed to present some of their witnesses in a case that had been adjourned on several occasions.

Court dismisses money laundering case against Atiku Abubakar’s lawyer, brother

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.
UBA - United Bank for Africa

UBA clinches ‘Bank of the Year 2020’ award in six countries

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.

Court limits EFCC’s questions to ex-NNPC chief in ‘money laundering’ trial

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.

IPOB directs members to resume protests

The outlawed Indigenous People Of Biafra (IPOB) says its members across the country will resume peaceful protests from Monday, October 26, 2020, to ensure that all demands made by the leaders of the #ENDSARS movement were met in quick time.
The Dubai Police Force, United Arab Emirates, has revealed how it arrested Nigerian Instagram celebrity, Ramon Abass, aka Hushpuppi.

FBI reveals how Hushpuppi laundered U.S. unemployment benefits

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.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS: Not all bank account owners expected to fill ‘self-certification’ forms

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.

DMO: Nigeria owes World Bank N3.96 trillion

Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS unveils reporting portal for financial institutions

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.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

Income tax: FIRS inaugurates online portal for financial institutions

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.
Embattled President of African Development Bank (AfDB), Dr Akinwumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

Nigerian farmers hail AfDB’s boss over re-election, inauguration

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.
Liberia's President George Weah speaks during a news conference at Presidential palace in Abidjan, Ivory Coast, April 4, 2018. REUTERS-Thierry Gouegnon

George Weah: Akin Adesina’s AfDB re-election signifies Africa’s confidence in his leadership

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 Governor Udom Emmanuel says it is unsafe to reopen schools in the state in view of the COVID-19 pandemic.

Akwa Ibom yet to implement post-coronavirus recommendations

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.

$9.7 million, £74,000 found in my house by EFCC was given to me as...

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.
Rivers State Governor Nyesom Wike

EFCC: Rivers officials withdrew N118 billion in cash in three years

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.
UBA - United Bank for Africa

UBA records double-digit earnings Q1 growth

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.
UBA - United Bank for Africa

UBA donates N28.5 million to fight coronavirus in Kwara

The United Bank for Africa (UBA), on Monday, boosted the fight against coronavirus in Kwara with a donation of N28.5 million.

FCT minister tests negative for coronavirus

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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Italian Prime Minister Mario Draghi said on Wednesday that the United States and Britain should lift their block on the export of COVID-19 vaccines.

Italian premier calls for Euros final to be moved from Wembley

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 President Laurent Gbagbo

Laurent Gbagbo files for divorce, to end 30-year marriage

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.
Hon Justice Monica Bolna’an Dongban-Mensem is currently the Presiding Justice of the Court of Appeal, Enugu Division, Nigeria and Life Member of Body of Benchers.

Appeal court president inaugurates special court sitting 270 cases in Jos

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.
The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS-Afolabi Sotunde-File Photo

MTN to invest N640 billion to expand broadband access

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.

Enugu: Victims of police shooting stable – physician

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.

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Chelsea have become the latest Premier League side to show an interest in Real Sociedad and Sweden striker, Alexander Isak, according to reports in Spain.

Chelsea show interest in Liverpool, Arsenal target

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.
Nigeria Naira

Nigeria’s inflation drops to 17.93 percent

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).
Ethiopian Prime Minister Abiy Ahmed attends his last campaign event ahead of Ethiopia's parliamentary and regional elections scheduled for June 21, in Jimma, Ethiopia, June 16, 2021. REUTERS-Tiksa Negeri

Ethiopians to vote in what government bills as first free election

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.

INEC: Voters’ registration to resume June 28

The Independent National Electoral Commission has declared its readiness to resume the nationwide Continuous Voter Registration scheduled for June 28.

Appeal Court upholds Ondo governor’s election

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.