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The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

P&ID scandal: How bank supplied company’s account statements to EFCC

Akinwande Adewale Akinseye, a Guarantee Trust Bank (GTB) staff, on Tuesday, told James Nolan, the British national and a director in the Process and Industrial Development (P&ID) Nigeria Ltd., that his bank supplied the statements of accounts of the company to EFCC on demand.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC arraigns former vice chancellor over N70 million fraud

The Economic and Financial Crimes Commission (EFCC), Makurdi zonal office, on Tuesday, arraigned a former Vice Chancellor of University of Agriculture, Makurdi, Emmanuel Kucha, over alleged N70 million fraud.
Africa’s biggest youth awards, The Future Awards Africa, has named rapper/actor, Folarin ‘Falz’ Falana and media girl, Toni Tones, as the main hosts of the 14th edition of the event set to hold on Sunday, 24 November, 2019 at the Balmoral Event Centre, Federal Palace Hotel, Lagos.

Falz, Toni Tones to host 2019 Future Awards Africa

Africa’s biggest youth awards, The Future Awards Africa, has named rapper/actor, Folarin ‘Falz’ Falana and media girl, Toni Tones, as the main hosts of the 14th edition of the event set to hold on Sunday, 24 November, 2019 at the Balmoral Event Centre, Federal Palace Hotel, Lagos.

How N587.7 million Ecowas fund was moved – witness

The trial of Mohammed Dangana, a staff of the Economic Community of West African States Commission continued Thursday before Justice Okon Abang of the Federal High Court, Abuja with the testimonies of prosecution witness 2 (PW2), Becky Uju, a staff of Guaranty Trust Bank (GTB) Plc.
The trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari has been adjourned till Dec. 12 .

Trial of ex-SMEDAN boss continues in December

The trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari, has been adjourned till Dec. 12 .

Central bank deducts N500 billion from Zenith, GTB, Citibank, UBA, 8 others

The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.

Man arrested for hiding in bank’s ceiling in Kebbi

A man who reportedly sneaked into the ceiling of Guaranty Trust Bank (GTB) in Birnin Kebbi, Kebbi State with plans to rob it has been arrested.
Nigerian Stock Exchange NSE

Investors lose N265 billion as stock market falls further

Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.
FILE PHOTO- Nigerian Senate President Bukola Saraki arrives for a news conference at the National Assembly in Abuja, Aug. 8, 2018. REUTERS-Afolabi Sotunde-File Photo

EFCC: How Senator Saraki diverted N12 billion from Kwara treasury

The Economic and Financial Crimes Commission, EFCC, claims former Senate President Bukola Saraki withdrew N12bn in cash from the treasury of the Kwara State Government while he was governor of the state between 2003 and 2011.
Innocent Chukwuma Innoson

Bench warrant: Innoson files motion of appeal, stay of execution

The chairman of Innoson Motors Nigeria Limited, Innocent Chukwuma, has filed a notice of appeal and motion for stay of execution against the bench warrant order on him.

Bank customers decry poor ATM services during Sallah

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs).

Lawyer asks court to nullify central bank chief’s re-appointment

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele
Guaranty Trust Bank | GTB | GTBank

GTBank posts N50 billion profit after tax in three months

Guaranty Trust Bank (GTB) Plc has recorded a profit before tax (PBT) of N56.984 billion for the first quarter (Q1) March 31, 2019, showing an increase of 8.3 per cent, compared with the N52.624 billion recorded in the corresponding period of 2018.
Nigerian Stock Exchange NSE

NSE market capitalisation drops below N11 trillion mark

Weekly trading on the Nigerian Stock Exchange (NSE) resumed on Monday on bearish note with the market capitalisation dropping below N11 trillion mark amid price loses by some blue chips.
Guaranty Trust Bank | GTB | GTBank

GTB says taking legal steps on issues with Innoson Motors

Guaranty Trust Bank (GTB) says it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out over its court case with Innoson Motors.
Guaranty Trust Bank | GTB | GTBank

GTBank vows to resist illegal takeover by Innoson Motors

The management of the Guarantee Trust Bank (GTB) has vowed to take all necessary legal steps to ensure that no illegal or fraudulent execution of court order is carried out on the bank.
President Buhari receives in Courtesy Visit Labour Leadership led by President of Nigeria Labour Congress Ayuba Wabba in State House on 7th Mar 2019-3

GTBank congratulates President Buhari on re-election

The Guaranty Trust Bank (GTB) has congratulated President Muhammadu Buhari on the renewal of his mandate by the electorate.

Central bank mulls extension of payment system vision to 2030

With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030.

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Nigeria Police

Police: 49 arrested during Kogi, Bayelsa polls

The Inspector-General of Police, Mohammed Adamu, says 49 persons have been arrested for alleged involvement in election violence and thuggery in the just concluded elections in Bayelsa and Kogi states.
Logo of the World Health Organization [WHO]

Nigeria, WHO partner to stop medicalisation of female genital mutilation

The Federal Government in collaboration with the World Health Organization (WHO) and other partners is harmonizing efforts to put a stop to the medicalisation of Female Genital Mutilation (FGM).
Senate President Ahmed Lawan 1

Senate seeks legal backing for constituency projects in national budget

The Senate on Wednesday sought to provide legal backing to the provision of Constituency Projects in Nigeria’s annual budget by a minimum of 20 per cent.

NOC appoints Oba Elegushi as chairman, patrons forum

The Nigeria Olympics Committee (NOC) has appointed His Royal Majesty, Oba Saheed Elegushi, as the Chairman of the body’s patrons’ forum.
(FILES) In this file photo taken on September 4, 2019 shows the logo of the US social networking website Twitter, displayed on a smart-phone screen, in Lille, northern France. – Several features on Twitter were down on October 2, 2019, the platform said, with users from Japan to the USA reporting they were unable to log in, use the mobile app or see direct messages.”We’ve been experiencing outages across Twitter and TweetDeck,” the social media giant said in a statement, without giving a reason for the disruption. “You might have had trouble Tweeting, getting notifications, or viewing DMs. We’re currently working on a fix, and should be back to normal soon.” (Photo by Denis Charlet / AFP)

Twitter outlines plan for ‘open and decentralized’ system for social networks

Twitter plans to set up an independent research group to create an “open and decentralized” system for social networks, CEO Jack Dorsey said on Wednesday, which could relieve pressure on the company to appease critics of its content policies but also give rise to a new crop of competitors.