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Justice Ayotunde Faji of the Federal High Court, Lagos, yesterday, fixed December 7, for hearing of a motion seeking the issuance of bench warrant against the founder of Innoson Motors Nigeria Limited, Mr. Innocent Chukwuma and four others for their refusal to appear before the court for arraignment over alleged forgery .
A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019.
Interswitch Group, a Pan-African integrated digital payments and commerce company, in partnership with Microsoft, has announced the launch of its innovative blockchain-based supply chain financing service.
Justice Saliu Saidu of the Federal High Court, Lagos, on Wednesday, ordered that the total sum of N88 million link to three suspected fraudsters, be temporary forfeited to the Federal Government.
A Lagos State High Court yesterday struck out the fraud case filed by the Economic and Financial Crimes Commission (EFCC) against Innocent Chukwuma, the founder of Innoson Motors Limited.
We see different things even when we are looking at the same picture. When CBN asked MTN to return the $8.1 billion dividends it “illegally” repatriated between 2007 and 2015, I was not thinking about MTN or CBN. Rather, my mind was on Econet, the ancestor of Airtel.
The Independent Corrupt Practices and Other Related Offences Commission, (ICPC), said it has secured a conviction against another visa racketeer, Giwa Sulaimon, who was earlier arraigned for forgery and making false statements.
The Economic and Financial Crimes Commission (EFCC) is investigating Samuel Ortom, governor of Benue, over the alleged diversion of N22 billion.
The Chairman/Managing Director of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma, has headed for the Supreme Court Monday to challenge last Friday’s ruling of the Enugu Division of the Court of Appeal, which allowed the Guaranty Trust Bank (GTB) to amend its Notice of Appeal in their lingering legal dispute.
Justice Olusola Williams of a Lagos Special Offences Court, Ikeja Lagos on Wednesday asked the Economic and Financial Crimes Commission, EFCC, to produce the chairman of Innosson Motors Limited, Innocent Chukwuma, in court for arraignment.
The Court of Appeal sitting in Enugu has adjourned till a date yet to be determined, its ruling on the applications brought before it by Innoson Group and Guaranty Trust Bank.
This was followed by a statement by his spokesman Cornelius Osigwe in which Innoson walked back from his false declaration stating instead that “There have been a lot of misinterpretations on the Press Release published by Innoson Group on the decision of the Supreme Court”.
The Innoson Vehicle Manufacturing Company (IVM) on Wednesday said that efforts to upgrade from 10,000 cars production capacity annually to 60,000 is being hampered by litigations against the company.
An anti-corruption group, Initiative for Transparency (IT), has called on the Economic and Financial Crimes Commission (EFCC) to urgently investigate the Benue State Governor Samuel Ortom over alleged massive corruption in the state.
The equity sector of the Nigerian Stock Exchange (NSE) reopened on a negative territory on Monday despite price gains the outweighed loses with the market capitalisation losing N16 billion.
Protest on Sunday rocked Yenagoa, Bayelsa State capital, over the death of two brothers at Agudama area while trying to cross the flooded Epie Creek that stretched from Igbogene to Yenagoa.
Shanghai Shenhua forward Odion Ighalo has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.
Some leaders from the Kogi West Senatorial district have declared supporting Governor Yahaya Bello’s second term bid will better position the zone for the governorship position in 2023.
The Minister of Information and Culture, Alhaji Lai Mohammed, says no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.
Liverpool chief executive Peter Moore says a long-overdue Premier League title would sit alongside their Champions League triumph as a “barometer of success” for the club.
Thirty-five pilgrims who were performing the lesser Hajj, also known as Umrah, have been burnt to death in a road accident.
At least 10 people lost their lives in the collapse of an artisanal gold mining site on Friday at Sideradougou in western Burkina Faso, a local source on Monday said.
Lagos Governor, Babajide Sanwo-Olu, has re-ordered the 2019 Budget of the state with a letter to the state Assembly seeking a loan of N250bn.
The Minister of Health, Dr Osagie Ehanire, has said that oncological services were very expensive in Nigeria due to the stages of diagnosis involved in confirming cancer diseases.