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2017: Commercial banks rake in N656 billion from fees, commission income

Thirteen commercial banks quoted on the Nigerian Stock Exchange (NSE) raked in N655.669 billion from fees and commission income last year, figures compiled from the full year 2017 audited results have shown.

EFCC files amended corruption charges on ex-Governor Orji Kalu

The EFCC on Wednesday, filed an amended 39-count charge before a Federal High Court Lagos, against a former governor of Abia State, Orji Kalu in an alleged N3.2 billion fraud.

Nigerian Stock Exchange fines seven financial institutions for delayed financial results

The Nigerian Stock Exchange has fined seven financial institutions for not filing their financial results before the regulatory due date.

Four bank staff docked for alleged fraud

The first defendant, Mr Placidus, allegedly diverted funds received from Idemilli Micro Finance bank meant to be placed as fixed deposit to his personal accounts while claiming they were severally rolled over and presented forged fixed deposit certificates to cover his tracks.

Shares fraud: N180 million not remitted to Oyo – witness

An Economic and Financial Crimes Commission (EFCC) witness, Yinka Fatoki, Tuesday told the Federal High Court in Lagos that N180million, which was part of proceeds of shares sold by the Oyo State Government under Chief Rashidi Ladoja, was allegedly not remitted to the state.

Ex-Governor Kalu’s trial: Abia state accountant on the run

An accountant in Abia Government House, Akpan Udoh, who is scheduled to testify in the ongoing trial of former Abia Governor, Orji Uzor Kalu, is now on the run, the prosecution told a Federal High Court in Lagos on Monday.

Governor Ambode: We’re ready for dialogue on new land use charge

Akinwunmi Ambode, governor of Lagos state, says his administration is ready to dialogue on the land use charge.

Court adjourns Uzor Kalu’s alleged N3.2bn fraud case

A Federal High Court, Lagos, has adjourned continuation of trial until March 6 in the N3.2bn fraud charge preferred against ex-governor of Abia State, Orji Uzor Kalu, by the Economic and Financial Crimes Commission.

Court admits exhibits in alleged N3.2bn fraud trial of ex-Governor Orji Kalu

Justice Mohammed Idris of the Federal High Court in Lagos has admitted in evidence two documents tendered against a former governor of Abia State, Orji Uzor Kalu by the Economic and Financial Crimes Commission (EFCC).

Economist raises the alarm over looming fiscal challenge

An economist, Mr. Opeyemi Agbaje, has raised the alarm over what he described as a looming fiscal challenge, saying the country’s current debt profile, particularly the foreign component, portends a looming fiscal challenge to the economy.

Court adjourns ex-Governor Uzor Kalu, others alleged N3.2 billion fraud trial to February 19

Justice Mohammed Idris of the Federal High Court in Lagos has fixed February 19 for further hearing in the trial of a former Governor of Abia State Dr. Orji Uzor Kalu, and two others over alleged N3.2 billion fraud.

EFCC arraigns two FCMB officials for fraud

While Ebenezer and Walter were arraigned together on a three- count charge bordering on conspiracy and stealing, Ebenezer was docked separately on five count charge of obtaining money under false pretense. They pleaded not guilty to all the charges preferred against them.

EFCC can’t probe states’ accounts without assembly’s approval – court

A Federal High Court, Ado Ekiti, on Tuesday declared that the Economic and Financial Crimes Commission could not probe states’ finances without a report of indictment from states’ Houses of Assembly.

EFCC calls more witnesses in ex-Governor Kalu’s alleged N3.2 billion fraud trial

The Economic and Financial Crimes Commission (EFCC) on Monday, called its sixth witness in ongoing trial of former Abia Governor, Orji Uzor Kalu, at a Federal High Court in Lagos.

Four arraigned for allegedly defrauding ex-Rep Eseme Eyiboh of $1.362m, N46.5m

Four men, who allegedly obtained the sum of $1.362 million and N46. 533 million under false pretence, from a former House of Representative member, Hon. Eseme Eyiboh were, on Monday, re-arraigned before the Federal High Court, Lagos.

Customers complain over shortage of cash at ATMs

Residents of Kuje Area Council in the FCT, on Friday decried paucity of cash at the Automated Teller Machines (ATMs) in the area.

Nasarawa revenue board clamps down on banks

Nasarawa State Internal Revenue Board, NSIRS, has begun to clamp down on commercial banks for allegedly hoarding information on personal income tax and connivance.

Zamfara govt’s accounts frozen over alleged N600m debt

Justice Nnamdi Dimgba of the Federal High Court in Abuja has granted an order freezing the accounts of the Zamfara State Government in 20 banks in the suit No. FHC/ABJ/CS/728/17.

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