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Special Reports

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…

Nigerian Police Declare Three Cabota Energy Directors Wanted Over Alleged Kidnapping, Assassination Plot, ₦3Billion Gas Plant Fraud

The Nigeria Police Force has declared three directors of Cabota Energy Services Limited wanted over allegations of conspiracy, terrorism, kidnapping,…

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…

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…

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Human Angle

VeryDarkMan leads protest in Abuja, demands swift action over abducted Kebbi schoolgirls

Activist, VeryDarkMan has staged a protest calling for urgent government intervention following the abduction of 33 schoolgirls in Kebbi State.…

Sokoto: Bandits attack Tarah community, abduct nine, injure one in night raid

Armed bandits on Tuesday night stormed Tarah community in Sabon-Birni Local Government Area, Sokoto state abducting nine residents and injuring…

Policewoman receives ‘over 3,000 calls’ after disclosing phone number on social media

The police spokesperson in Akwa Ibom State, Timfon John, stated that she received over 3,000 phone calls on a single…

Gunmen abduct PRNigeria journalist en route media fellowship in Kwara

A journalist with PRNigeria, Salis Manaja, has been kidnapped by gunmen while travelling to Ilorin, the Kwara State capitalfor the…

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More News

Mamuda Beverages dragged to court for trademark infringement with POP Power Energy Drink

Mamuda Beverages Limited a Kano-based beverage company, has been dragged to court again with its Pop Energy drink, for allegedly…

CEO of Vale Finance, Adesola Adeyinka swims in alleged $42,000 fraud

Adesola Adeyinka, the CEO of  Vale Finance Limited, Vale Blue Limited and Coral Stone Limited, is currently facing prosecution for…

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…

Union Bank Customers Lose N9.3 Billion to Cyber Attack

Union Bank of Nigeria Plc led by Yetunde Oni, is currently grappling with a massive N9.3 billion fraud following a…

Access Bank allegedly diverts N826m into a fraudulent account

The charges followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Access Bank Plc and…

NUPRC CEO, Gbenga Komolafe, Aisha Achimugu alleged $5m oil block deal exposed

Gbenga Komolafe, the pioneer chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), stands accused of orchestrating a…

Wema Bank officials, Others Allegedly Conspire To Tamper With Customers’ data, ‘steal N8.5 billion’

Three employees of Wema Bank Plc have been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding…

Lagos fraudster Yomi Olaleye nabbed in U.S., convicted of $10 million COVID-19 fraud

Lagos-based fraudster Yomi Jones Olayeye faces up to 20 years in U.S. prison after pleading guilty to COVID-19 unemployment benefits…

How Halima Buba, SunTrust Bank CEO, director allegedly laundered $12m

Halima Buba, the managing director/CEO of SunTrust Bank Nigeria Limited and the bank’s Executive Director/CCO, Innocent Mbagwu are in trouble…

Access Bank Staff Secretly Films Female Colleagues In Restroom

A former Quality Assurance Specialist at Access Bank’s contact centre in Oniru, Lagos State, Stephen Ifeanyichukwu Ejezie, has been accused…

Fidelity Bank MD Engages In Insider Trading Amid N225Billion Court Judgment Pressure

The Managing Director and Chief Executive Officer (MD/CEO) of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, is reportedly engaged in insider trading…

₦1 billion worth jewelries, $50k, N30m cash found in Aisha Achimugu’s home by EFCC

A Nigerian businesswoman who made national headlines last year for throwing a seven-day birthday party at the $132,000 per night…

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)…