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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.

EFCC docks man for N33.5 million forex scam in Uyo

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Wednesday, May 27, 2020, arraigned one Okoro Chukwudi Goodluck before Justice Charles Ikpe of the State High Court, sitting in Uyo, Akwa Ibom State, on a seven-count charge bordering on conspiracy, obtaining by false pretence and stealing to the tune of N33,560,000 (Thirty-three Million, Five Hundred and Sixty Thousand Naira).
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria: Private sector donations now N27.160 billion

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID), has so far realised about N27.160 billion to help fight the coronavirus pandemic.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, on Tuesday directed the immediate termination of the contract for two Payment Service Provider (PSP) for failure to meet the contractual agreement to commence Conditional Cash Transfer to beneficiaries in four states of the federation under their control.

Palliatives: Nigerians slam government on N5,000 account balance criteria

The Minister of Humanitarian Affairs and Disaster Management, Hajiya Sadiya Farouq, on Wednesday, while briefing State House correspondents after meeting behind closed doors with President Muhammadu Buhari at the Presidential Villa, Abuja stated that people with over N5,000 in their bank account will not benefit from the FG’s palliatives to cushion the effect of the lockdown as a result of the COVID-19 pandemic.

Lockdown: Ogun residents besiege banks, ignore social distancing directive

Ahead of the suspension of the lockdown relaxation window which holds every 7 am to 2 pm every-other-day in Ogun State, residents of Sango-Ota and Ijoko on Wednesday besieged many commercial banks along the Lagos-Abeokuta expressway in Sango, flouting the social distancing directive put in place to curb the spread of the Covid-19 pandemic.

Coronavirus: Nigeria private sector coalition contribution hits N19.4 billion

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.

IBEDC says no electricity disconnection during lockdown

The Ibadan Electricity Distribution Company Plc (IBEDC) says there will be no disconnection of electricity to non-paying customers during this period of lockdown in Coronavirus pandemic.

Central bank, private sector coalition muscle N15 billion against coronavirus

At least 37 donors from the private sector have donated over N15 billion to the Private Sector Coalition Against COVID-19 (CACOVID) account domiciled at the Central Bank of Nigeria (CBN).
Babajide Olusola Sanwo-Olu

Lagos government, GTBank flag off 110-bed isolation centre in Onikan

Lagos State Governor, Mr Babajide Sanwo-Olu, on Saturday, formally launched the newly constructed Lagos Island, Isolation Centre, with capacity for 110-bed space, located in Onikan Stadium, now Mobolaji Johnson Arena, Lagos.

Dansukigate: Witness tenders more evidence of how ex-NSA’s aide transferred millions to bank accounts

Prosecuting witness, Hassan Seidu, during the continuation of trial in-chief, in the ongoing trial of Nicholas Ashinze, former aide to ex-National Security Adviser, Sambo Dasuki, told Federal High Court, Abuja, presided by Justice Okon Abang, how the Commission was able to recover exhibit (i) 43 and (i) 44, containing alleged money transfers and lists of beneficiaries and their account numbers in the course of investigation.

EFCC quizzes former Abia governor, sons over ‘N150 billion fraud’

The Economic and Financial Crimes Commission (EFCC) has launched a massive probe into alleged looting of over N150 billion by the immediate past governor of Abia State, Chief Theodore Orji, and members of his family.
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.

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In view of this, the Commissioner of Police Akwa Ibom State, Imohimi Edgal, wishes to reaffirm to the general public that the State government directives will be vigorously enforced.

Police arrest five for rape in Akwa Ibom

Akwa Ibom State Police Public Relations Officer, CSP. Fredrick Nnudam, disclosed this in a statement, Thursday in Uyo, the state capital.
Earlier this month, UEFA indefinitely suspended the Champions League, Europa League and the European Championship playoffs amid the ongoing concerns due to the COVID-19 pandemic.

Champions League and Europa League last-16 venues confirmed by UEFA

UEFA has confirmed that the outstanding Champions League and Europa League last-16 second leg matches will be hosted by the clubs who were scheduled to play at home.

DisCos advocate CBN-funded massive roll-out of meters to address power challenge

Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered.
The Governorship Election Petition Tribunal in Uyo, on Monday, ordered INEC to allow the All Progressive Congress (APC) candidate, Mr Nsima Ekere, to inspect all election materials used during the March 9 Governorship Election.

INEC confirms 17 political parties for Ondo guber poll

The Independent National Electoral Commission (INEC) has confirmed that 17 out of the 18 registered political parties will be contesting the October 10, 2020 Ondo state governorship election.
Gov. Ben Ayade of Cross River has directed applicants for the 8,000 automatic jobs to enlist through their respective village heads.

FIDA, NCWS, others fault Governor Ayade over Justice Ikpeme

International Federation of Women Lawyers, FIDA, Nigeria; Women in Politics and National Council for Women Society, Nigeria, among others civil society organisations, have described the refusal of Governor Ben Ayade of Cross River State and members of the state House of Assembly to confer Justice Akon Ikpeme as the Chief Judge of the state, as gross injustice.