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CAC, Chappal Energies in Court Over Alleged Deceptive Business Name Registration

The Federal High Court, Abuja, is currently adjudicating a corporate dispute between the Corporate Affairs Commission (CAC) and Chappal Energies…

Akindele Akintoye, Platforms Capital and Duport Midstream rearraigned by EFCC over ‘$35m NCDMB Project’ fraud

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned Akindele Akintoye before Justice Ekerete Akpan of the Federal High…

Court orders UBA to pay Kogi ex–deputy gov N1.07b

The National Industrial Court (NIC) in Abuja has ordered United Bank for Africa, UBA bank, to pay a total of…

U.S. authorities arrest Nigerian, Cashmir Chinedu Luke for ‘$7m fraud’

The CEO of a United States-based home care company, Cashmir Chinedu Luke, has been arrested at San Francisco International Airport…

FBI accuses Forbes-celebrated Nigerian tech boss, Izunna Okonkwo, of $41 million bank fraud, money laundering

The FBI has identified Izunna Okonkwo, a celebrated Pastel tech startup co-founder who made the highly coveted Forbes 30-under-30 list…

How Oak Homes Limited failed to provide apartments after paying N152m: Engineer

A Nigerian-American engineer, Mr. Anthony Ugbebor, has opened his defence in a protracted N152 million property dispute at the Lagos…

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…

Audit uncovers over N61bn payment breaches in NNPC

The Office of the Auditor-General for the Federation has uncovered 28 major financial irregularities linked to the Nigerian National Petroleum…

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…

Human Angle

Imo police declare hotel owner wanted after decompose corpse body found in mortuary

The discovery of decomposed and mutilated corpses in a private mortuary at Umuhu Autonomous Community, Ngor-Okpala, has triggered widespread fears…

By Mahmud

EFCC arraigns magistrate for alleged bribery

The Economic and Financial Crimes Commission, EFCC, has arraigned Mohammed Kumo before Justice H.H. Kereng of the Gombe High Court…

Harrison Gwamnishu breaks silence following accusations of ransom theft

GistReel Popular Nigerian activist and founder of Safe City Foundation, Harrison Gwamnishu, has responded to allegations that he diverted ransom…

Catholic Priest kidnapped in Kaduna

The Catholic community in Kaduna has been thrown into panic following the abduction of Reverend Father Emmanuel Ezema, a priest…

More News

Fraud: US SEC fines Tingo founder, Dozy Mmobuosi $250m

The US government has ordered Mr Dozy Mmobuosi, the CEO of Tingo Group, to pay a fine of over $250 million,…

Muiz Tijani Adeyinka, Ex-First Bank Staff’s Dirty Money Seized; N1.16bn, $392k, £35k Forfeited

A Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of over N1.1 billion, $392,818, and £35,070 recovered…

Socialite Aisha Achimugu flees Nigeria amid EFCC probe for alleged fraud

The Economic and Financial Crimes Commission (EFCC) has obtained an arrest warrant against businesswoman Aisha Achimugu, preparatory to declaring her…

UBA suffers system glitch as customers lose N180.5 million

The United Bank for Africa (UBA Plc), chaired by Tony Elumelu, is grappling with the aftermath of a significant system…

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…

How Sterling Bank Uses Tiered Salary Structure to Hold Down Staff Without Promotion

Sterling Bank’s recent 7% salary increase which was announced earlier this month has been met with widespread criticism and disappointment…

Top Nigerian Monarch, Apetu of Ipetumodu, Joseph Oloyede, Detained By FBI Over $4.2Million COVID-19 Fraud

A Nigerian monarch from the Southwest region of the country, the Apetu of Ipetumodu, Oba Joseph Oloyede, who was reported…

Court begins trial of Oak Homes CEO, Olukayode Olusanya for ‘N152m fraud’

The trial of Oak Homes CEO, Olukayode Olusanya, over an alleged N152 million fraud, has officially commenced at the Federal…

Nigerian tycoon Abdullahi Bashir Haske detained by law enforcement in corruption probe

Nigerian businessman Abdullahi Bashir Haske, owner of energy firm AA & R Investment Group, has reportedly been arrested and is…

Police indict Sterling Bank for alleged ‘$28.3m money laundering, fraudulent deductions’

Sterling Bank Limited and its holding company, Sterling Financial Holdings Company have been accused by the Nigeria Police Force of…

Abubakar Samaila Isa Funtua loses bid to stop EFCC probe over ‘N28bn fraud’

Abubakar Samaila Isa Funtua, son of billionaire Alhaji Isa Funtua, has lost bid to restrain the Economic and Financial Crimes…

Paystack Fined N250m Over Zap Wallet Operations

Nigeria’s Central Bank has fined Paystack, one of the country’s most prominent fintech companies, ₦250 million ($190,000) for allegedly operating…

EFCC probes EazzyTranzact boss, Olusanya Olumide Adediran, gets order to seize properties

Olusanya Olumide Adediran, the founder of EazzyTranzact Payment Services and EazzyOil Petroleum Gas Energy Limited, is under probe by the…

Fidelity Bank fined N555.8m over data breach, arrogance

The National Data Protection Commission (NDPC) has fined Fidelity Bank N555.8m for violating customers’ data privacy. Mr. Vincent Olatunji, NDPC’s National Commissioner, …

Muhammadu Indimi Accused of Snatching Children’s Oil Fortune in Oriental Energy for Just $10M

Billionaire Businessman Muhammadu Indimi Accused of Acquiring His Children’s Stakes in Oriental Energy for $10 Million Prominent Nigerian billionaire and…