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A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Bank server hacked, company’s N752 million stolen – auditor tells court

A Federal High Court in Lagos has heard how thieves hacked United Bank for Africa (UBA) Plc computers and stole N752 million from a Flour Mills of Nigeria Plc, account.
The Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal office has arraigned Gladys Udia before Justice M. L Abubakar of the Federal High Court in Port Harcourt, Rivers State, on a seven-count charge bordering on conspiracy, stealing, forgery and alteration to the tune of N3,476,700.

Bank staff arraigned for ‘stealing’ customer’s N3.47 million

The Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal office has arraigned Gladys Udia before Justice M. L. Abubakar of the Federal High Court in Port Harcourt, Rivers State, on a seven-count charge bordering on conspiracy, stealing, forgery and alteration to the tune of N3,476,700.

Union Bank chairman passes on

The Board of Union Bank of Nigeria Plc has announced the passing of Mr. Cyril Odu, Chairman of the Bank’s Board.
The Controller of the Nasarawa State Command of the Nigeria Correctional Service, Emmanuel Okoro, on Thursday refuted reports by a section of the media which claimed there was a jail break at the Keffi Old Prison.

Man jailed for using expired ATM card to buy drinks, fried meat in Edo

A 51-year old man, Ikidi Innocent, is to spend three months in jail for using expired Union Bank ATM card to buy drinks and fried meat.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Businessman drags EFCC, NCAC, others to court for freezing his 12 bank accounts

A 54-year-old man, on Monday, sued the Economic and Financial Crimes Commission (EFCC) and the National Council for Arts and Culture (NCAC) over an alleged unlawful freezing of his thirteen bank accounts.

University of Lagos gets N5 billion for research

The University of Lagos (UNILAG) was able to attract up to N5 billion in research in the past one year, a lecturer in the university has said.

Tax: Akwa Ibom government seals off Ecobank, Union Bank premises

The Akwa Ibom State government has sealed the premises of Ecobank in Uyo over alleged tax default.

Federal government files motion seeking forfeiture of N2 billion, properties linked to PEF official

The federal government has filed an application before the Federal High Court in Abuja seeking for interim forfeiture of monies and properties allegedly traced to an official of Petroleum Equalization Fund (PEF).
Telecommunications operators have blasted the Nigerian Civil Aviation Authority (NCAA) over its threat to demolish about 7000 mast, largely owned by Global System for Mobile communication (GSM) service providers in the country.

NCAA begins 8,805 telecom masts demolition

The Nigerian Civil Aviation Authority (NCAA) on Tuesday said it will demolish 8,805 masts belonging to Globacom Nigeria Limited, banks and other financial institutions.

Shareholders approve Union Bank’s N54.5 billion capital restructuring

Shareholders of Union Bank of Nigeria (UBN) Plc have approved a proposal to cancel N54.46 billion accumulated permanent losses in the books of the commercial bank.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.

Union Bank shareholders endorse N54.4 billion share premium reduction

Shareholders of Union Bank of Nigeria (UBN) on Tuesday endorsed the proposed reduction of N54.4 billion from the bank’s share premium account aimed at restructuring its balance sheet for optimal performance.

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).

Debt: Court dismisses bank’s suit against Petrocam

The Federal High Court in Lagos has dismissed a suit filed by Union Bank Limited seeking the recovery of an alleged debt from a multinational firm, Petrocam Trading.
The Special Adviser to the Governor of Kogi State on Local Government and Chieftaincy Affairs, Engr. Sadiku Abubakar Ohere, has described the trending allegations of sleaze against him as mischievous.

Sadiku Ohere: EFCC’ll vindicate me of all allegations

The Special Adviser to the Governor of Kogi State on Local Government and Chieftaincy Affairs, Engr. Sadiku Abubakar Ohere, has described the trending allegations of sleaze against him as mischievous.

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

Court attaches Imo’s accounts in central bank, 16 other banks over N1.5 billion debt

A High Court of the Federal Capital Territory (FCT), Abuja has ordered the attachment of funds in accounts owned by the Imo State Government in the Central Bank of Nigeria (CBN) and 16 other banks in the country.

Police arraign banker for allegedly stealing N15 million from customer’s account

The police on Wednesday arraigned a banker, Mohammed Abubakar, in a Wuse Zone II Chief Magistrates’ Court for allegedly stealing over N15 million from a customers account.

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Director-General, National Information Technology Development Agency (NITDA), Dr. Isah Pantami

FEC approves name change for Ministry of Communications

The Federal Executive Council on Wednesday approved the renaming of the Federal Ministry of Communications as Federal Ministry of Communications and Digital Economy.
The Minister of Youth and Sports Development, Sunday Dare, Wednesday approved funds to repay IAAF, for the excess fund the World Athletics body mistakenly transferred to Nigeria.

Sports minister approves fund to refund IAAF overpayments

The Minister of Youth and Sports Development, Sunday Dare, Wednesday approved funds to repay IAAF, for the excess fund the World Athletics body mistakenly transferred to Nigeria.
The China Civil Engineering and Construction Company, contractors handling the ongoing Lagos-Ibadan standard gauge rail line, says it has made appreciable progress in Lagos section in spite of impediments.

Lagos-Ibadan rail: We’re overcoming impediments in Lagos section – CCECC

The China Civil Engineering and Construction Company, contractors handling the ongoing Lagos-Ibadan standard gauge rail line, says it has made appreciable progress in Lagos section in spite of impediments.

Police declare four cultists wanted in Lagos

This followed confessional statement of seven Eiye confraternity members who were recently charged to court after men of the Special Anti Robbery Squad, Iju base rounded them up.
Canadian prime minister Justin Trudeau has admitted to wearing brownface makeup during a 2001 event at a school where he was teaching, saying it is something he “regret[s] deeply”.

Prime Minister Justin Trudeau rules out coalition as he forms new Canadian government

Canadian Prime Minister Justin Trudeau on Wednesday ruled out forming a coalition government despite an election victory that left his Liberals short of a majority.