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…
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Focus on producing job creators nor seekers – University Don urges higher institutions
The Founder, Newgate University, Minna, Niger State Dr Hassan Nuhu, has emphasized the need for higher institutions in the country…
Special Reports
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…
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…
How Seplat’s ex-chairman Ambrosie Orjiako fraudulently hid assets over $220.3m Access Bank debt
A British Virgin Islands (BVI) court has ruled that Ambrosie Orjiako, a former chairman and co-founder of Seplat Energy Plc, fraudulently concealed assets…
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…
Human Angle
Man arrested for alleged N165m fraud in Benin-City
The Economic and Financial Crimes Commission, EFCC, in Benin has arrested a 64-years old Ndebusi Ikeukwumere for alleged property fraud at…
OAU pro-Chancellor, Prof Oyeweso dies
Prof. Siyan Oyeweso, the Pro-Chancellor of Obafemi Awolowo University (OAU), Ile-Ife, Osun State, has died. Prof. Oyeweso, the Ede-born History…
Adeleke imposes 24-hour curfew on Igbajo after violent unrest following Famodun’s death
Governor Ademola Adeleke of Osun State has imposed a 24-hour curfew on Igbajo, in Boluwaduro Local Government Area, following a…
“This List Is A Sad Commentary And Very Reprehensible” PDP Demands Withdrawal Of Ambassadorial Nominees, Says Many Are Disgraced Propagandists
The main opposition Peoples Democratic Party (PDP) has demanded withdrawal of the ambassadorial list sent to the Senate by President…
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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…
