Ernest Azudialu‑Obiejesi’s Nestoil battles to stay afloat over $1bn debt
Ernest Azudialu‑Obiejesi, Nigeria’s oil mogul is facing one of the toughest challenges of his career as his company, Nestoil Limited,…
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Lieutenant Yerima escapes assassination attempt in Abuja
A young Nigerian Navy officer, Lt. A.M. Yerima, who recently had a confrontation with the Minister of the Federal Capital…
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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…
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…
EFCC Arrests Ahamba Tochukwu, Gavice Logistics CEO for N2 Billion Scam
The Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, for allegedly…
Paulinus Iheanacho Okoronkwo, ex-NNPC staff charged with $2.1m bribery in U.S.
Former employee of the Nigerian National Petroleum Corporation Limited, Paulinus Okoronkwo, now risks a maximum of 25 years’ imprisonment for…
Miden Systems Sues Sterling Bank Over Alleged Fraudulent Deductions
Miden Systems Limited has dragged Sterling Bank Limited and its management staff to court over alleged conspiracy, fraudulent practices, forgery,…
Court awards N30m fines against UBA over unlawful restriction of customer’s account
The Federal High Court in Abuja has ordered the United Bank for Africa Plc (UBA) to pay N30 million in…
Court awards N5m in damages against Ecobank for account restriction
The Court of Appeal sitting in Owerri has delivered a landmark judgment affirming that Ecobank Nigeria Limited acted unlawfully in…
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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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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…
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…
EFCC Charges Former AMCON MD Ahmed Kuru and Four Others with N76 Billion, $31.5 Million Fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned the Former Managing Director of Assets Management Cooperation of Nigeria (AMCON),…
Unity Bank crisis deepened amid Providus merger, job cuts
Unity Bank’s financial woes stem from a loan portfolio heavily concentrated in the agriculture sector, accounting for 91% of its…
Court awards N5m in damages against Ecobank for account restriction
The Court of Appeal sitting in Owerri has delivered a landmark judgment affirming that Ecobank Nigeria Limited acted unlawfully in…
