PDP national leadership appoints caretaker committees for Lagos, Ekiti
The National Working Committee (NWC) of the Peoples Democratic Party (PDP) has constituted caretaker committees to manage party affairs in…
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News
NHS warns of record early flu surge
Hospitals across England are grappling with an unprecedented flu season, as the number of patients admitted with the virus reaches…
Special Reports
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…
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…
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…
Human Angle
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…
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…
Court remands man for alleged housebreaking, theft of N22.5m gadgets
A Magistrates’ Court sitting in Akure, the Ondo State capital, has remanded a 37-year-old man, Azubike Ugochukwu, in a correctional…
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…
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Fraudsters Hack Moniepoint System, Steal Depositors’ N1.1bn
Moniepoint Microfinance Bank is currently battling to recover a N1.1 billion allegedly stolen by fraudsters from the bank. The hacker,…
Court Declares UBA’s Dismissal Of Employee Wrongful, Orders Compensation
Hon. Justice Anthony Ubaka of the Lagos Judicial Division of the National Industrial Court has declared the purported summary dismissal…
Court orders arrest of Businessman, Ayodele Toyosi over ‘N600m, $50,000 fraud’
For allegedly being involved in an agribusiness investment fraud of the sum of N600 million and $50,000, Justice Olubunmi Abike-Fadipe…
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…
Zenith Bank Manager and Chinese Nationals Indicted in N17 Billion Nigerian Corporate Fraud
A Zenith bank branch manager in Lokoja, Salawu Nasiru, together with two Chinese citizens, Liu Yangxi and Ma Zhuang, have…
Zenith Carex Fraud: US Firm Chemonics Fined $3.1 Million Over Scandal
A United States-based firm, Chemonics International, has been ordered to pay a $3.1 million fine following its involvement in a…
How four UBA senior officials diverted £138,924 from Int’l airlines’ accounts
Four officials of the United Bank for Africa, UBA, have been arrested by the Lagos State Police Command for allegedly…
How CITITRUST Holdings allegedly laundered over N400m
CITITRUST Holdings PLC and three of its subsidiaries have been charged to court by the Economic and Financial Crimes Commission…
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…
Bisi Onasanya, ex FirstBank MD flees Nigeria to Ghana as EFCC closes in……
Bisi Onasanya, the embattled former Managing Director of FirstBank has followed in the steps of Oba Otudeko, the former chairman…
Former Heritage Bank CEO Ifie Sekibo Declared Wanted Over ₦20bn AMCON Fraud
Ifiesimama Ifie Sekibo, the former founder and Chief Executive Officer of the now-defunct Heritage Bank, is currently evading authorities over…
FBI arrests Atlanta-based Nigerian fraudster Ebuka Iwuagwu amid COVID-19, romance racket probe
The Federal Bureau of Investigation has arrested Ebuka Iwuagwu, a Nigerian based in Atlanta, for allegedly swindling the U.S. government…
US Commission Drags Nigerian CEO, Nantomah To Court Over Alleged $1.9million Real Estate Fraud
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against a Nigerian man, Joseph Nantomah, and a…
Corruption Probe Forces MTN CMO, Adia Sowho, to Resign
MTN Nigeria Communications Plc has commissioned an investigation into the activities of its Chief Marketing Officer (CMO) Ms. Adia Sowho…
Globacom’s CEO, Ahmad Farroukh steps down after one month
Ahmad Farroukh, a seasoned executive with prior stints at MTN and Smile Communications, reportedly struggled to align his management style…
