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Ex-NNPC CFO, Umar Isa Ajiya, indicted in ‘suspicious’ N3.4bn payments

Umar Isa Ajiya, former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), has been indicted for…

Paystack Fires Co-Founder Ezra Olubi Over Sexual Misconduct Allegations

Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, over allegations of sexual misconduct involving a subordinate. The…

Travevo Travels Drags SFPL MD, Alexander Anyanwu To Court Over Alleged N41M Visa Fraud

A Lagos-based travel and migration agency, Travevo Consulting Limited, has dragged Smart Flights Partners Limited (SFPL) and its managing director,…

Massive system breakdown hits Providus Bank, customer loses N482.7m

Providus Bank has been thrown into financial and legal turmoil after a system glitch led to unauthorised transfers totaling N482,702,750 from…

NORD Motors Boss, Oluwatobi Ajayi Accuses Stanbic IBTC Of Unauthorised N700 Million Debit

Founder and Chief Executive Officer of Nigerian auto manufacturer Nord Automobiles, Oluwatobi Ajayi, has accused Stanbic IBTC Bank of unilaterally debiting N700 million…

EFCC declares Chappal Energies boss, Ufoma Joseph Immanuel wanted

Ufoma Joseph Immanuel, the founder of Chappal Energies, has been declared wanted by the Economic and Financial Crimes Commission (EFCC)…

Parallex Bank sued over alleged withholding of €7.3m shipping documents

FHT Mega Express Limited, a Lagos-based equipment, machinery, and logistics company, has dragged Parallex Bank Limited before the Lagos State…

Ernest Azudialu-Obiejesi in trouble as banks seize Nestoil over $1bn debt

Ernest Azudialu-Obiejesi, Nigerian oil magnate is currently facing hard times as a consortium of Nigerian banks has seized his Nestoil…

Access Bank CEO under fire over £15m London mansion purchase

The Chief Executive Officer (CEO) of Access Bank Plc, Roosevelt Ogbonna, is facing criticism after acquiring a £15 million mansion…

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Human Angle

“So bitter”- Lady loses brother four days after her father’s burial

‎A Nigerian lady is thrown into grief as her brother passes away just four days after her father’s burial. ‎The…

Malami Says EFCC Engagement ‘Successful’, Assures Further Cooperation As Anti-Graft Probe Deepens

Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, says his engagement with the Economic and Financial…

“Even police fear bandits! Who are we” — Man laments as police halt movement on Ore road over alleged bandit presence

Movement along the popular Ore road was brought to a halt after police officers reportedly stopped travellers from proceeding due…

“Enugu Govt Nullifies Marriage Between 15-Year-Old Girl, 33-Year-Old Man” — Says Union Illegal, Harmful, Unacceptable After Videos Went Viral

The Enugu State Government has nullified the marriage between a teenage girl, Precious Oyiga, aged 15, and an adult man…

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ICPC Investigates Former Delta Lawmaker Ndudi Elumelu, Seals Property Amid Corruption Probe

The Independent Corrupt Practices and other Related Offences Commission, ICPC, is said to be investigating Hon. Ndudi Elumelu, the immediate-past…

Okezie Bonaventure Ogbata Admits Guilt in $6M Fraud Scheme Targeting Over 400 U.S. Victims

A Nigerian national pleaded guilty in the U.S. District Court for the Southern District of Florida to operating a transnational…

Managers Resort To Threats As Ex-UBA Staff, Bankers Cry Out Over ‘Depression’

A Lagos-based TikTok user, @queenlatina08, whom media can identify simply as Lateefah, has claimed she resigned from the Customer Fulfilment Centre (CFC)…

UBA sued ₦1bn over alleged illegal release of customer’s bank statements, details

United Bank for Africa Plc, UBA Plc, is facing a ₦1 billion lawsuit over allegations that it unlawfully released confidential…

First Bank Crisis: Customers in panic withdrawals over uncertainty

As the crisis that has bedeviled the once highflying Nigerian lender, First Bank of Nigeria Limited and its holding company,…

How Orion Marine, Taurus Oil and Gas, Taurus Storage diverted 12m litres of petrol

Orion Marine Limited, Taurus Oil and Gas Limited, owners of the Taurus Storage facility in Koko, Delta State have been…

Meet Ahonsi Unuigbe, Nigerian energy mogul with hidden $70 million oil stake in Canada

Ahonsi Unuigbe's rise from a sharp, ambitious investment banker to an influential force in the African energy sector is a…

EFCC declares Sujimoto CEO, Olasijibomi Ogundele wanted over money laundering

The Economic and Financial Crimes Commission (EFCC) has declared Lagos-based businessman Olasijibomi Ogundele wanted over allegations of fund diversion and…

VFD Microfinance Bank Hit by N52.9 Million Fraud Scandal

A customer of VFD Microfinance Bank Limited, Advance Development Services Engineering Limited, has lost N52.9 million to fraud. A Federal…

9mobile’s Shameful Streak Continues As 6,079 Users Abandon Sinking Ship in 2 Months

In a shocking blow to Nigeria’s telecommunications sector, 9mobile, once a major player in the industry, is facing a deepening…

Damages: Tenant serves Ogun PCC Commissioner, Morakinyo Akinleye, with notice; demands ₦3.2m

Miss Olayinka Oyeleye, a tenant in Degun Estate, Abeokuta, has served a legal notice to Mr. Morakinyo Akinleye, the Federal…

SunTrust Bank CEO, Halima Buba, director arraigned over ‘$12m money laundering’

Halima Buba, the chief executive officer of SunTrust Bank Nigeria Limited, has been arraigned by the Economic and Financial Crimes…

Massive system breakdown hits Providus Bank, customer loses N482.7m

Providus Bank has been thrown into financial and legal turmoil after a system glitch led to unauthorised transfers totaling N482,702,750 from…

AMCON Takes Legal Action Against Caronc Investments MD Christopher Alabi for Unpaid Debt

The Assets Management Corporation of Nigeria, AMCON has sued Christopher Alabi, the group chairman of Caronc Investments Limited and five…

How Cardoso’s Women Turned CBN into a Dressing Table

Trouble Looms as External Force Seizes Control of Banking Regulator’s Boardroom · A Bank Held Hostage: Consultants Earn More than…