A prosecution witness, Sahibu Salisu, who was a Director of Administration and Finance, Office of the National Security Adviser, NSA, on Friday, testified in the trial of alleged N6.9Bn fraud involving a former governor of Ekiti State, Ayodele Fayose, and his company, Spotless Investment Limited, before Justice Chukujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos. The Economic and Financial Crimes Commission, EFCC, had, on Tuesday, July 2, 2019, re-arraigned Fayose and Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn (Six Billion Nine Hundred Naira). The defendants had first…
Author: Funke Busari
The Take It Back Movement has written a letter to the United Bank of Africa, UBA, demanding a detailed explanation as to why its account with the bank was frozen. It threatened to commence a legal action within the next 24 hours if a concrete explanation is not given on why the account was frozen. This is according to the lawyer representing the Association Iniebehe Effiong. The letter was dated July 26,2024. Below is the letter
An unspecified amount of goods and properties have been lost to a fire outbreak at a warehouse storing diapers, solar batteries, foreign charcoal, and massaging seats within the Josien factory complex in Abule-Osun area of Lagos on Friday morning. However, no casualties, nor injuries were recorded as there were no occupants in the building as of the time of the fire incident. This incident was communicated in a statement by Nosa Okunbor, Head, Public Affairs Unit, the Lagos State Emergency Management Agency, LASEMA. A preliminary report indicates that the immediate cause of the fire is yet to be ascertained, as…
The Take It Back Movement has notified the Inspector General of Police of intentions to hold public meetings/rallies/processions between August 1 and 10, 2024. A Senior Advocate of Nigeria, Ebun Adegboruwa informed the Police boss through a letter on Friday. According to the letter, the application is made pursuant to Sections 39 and 40 of the Constitution of the Federal Republic of Nigeria, 1999. He said the Nigeria Police Force is responsible for maintaining and securing public safety and public order. Stating further, the meetings/rallies/processions will commence from August 1 to 10, 2024 or any time thereafter at Eagle’s Square in Abuja and other…
The Federal House of Representatives Committee on Anti-Corruption convened a meeting with the management of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, and the Code of Conduct Bureau, CCB, to discuss the operational framework in the fight against corruption in the country. At the interactive session that took place at the National Assembly complex on Wednesday, the Chairman of the House Committee on Anti-Corruption, Rt. Hon. (Prince) Kayode Moshood Akiolu, emphasised the purpose of the meeting: to identify gaps, challenges, and potential areas for legislative reforms to enhance the effectiveness of the anti-corruption agencies. Lawmakers pledge support…
A former staff of Keystone Bank Limited, Ebele Bernardine Okpala has been charged to court for alleged involvement in over N35,000,000.00 credit facility fraud. The 43-year-old suspect was charged by the Legal Section of Police Special Fraud Unit, PSFU, over a 4-count charge before the Federal High Court, Ikoyi, Lagos. Mrs. Ebele Bernardine Okpala who had been on the run was however tracked and arrested by detectives for alleged offences of fraudulent conversion and stealing of Thirty-Five Million Naira (N35,000,000.00) being the credit facility she obtained in July 2023 from a financial services firm as Prove-of-Funds to facilitate approval of…
The Deputy Inspector-General of Police in charge of Investigation, DIG Sylvester Abiodun Alabi, has disclosed that the Police cyber security centre was established in response to the increased crime rates in the country and the necessity to protect Nigeria from the embarrassment caused by internet fraudsters and identity thieves. The DIG, who supervises the newly established centre, emphasised that the unit under him is one of the best in Sub-Saharan Africa. He highlighted the significance of having a cyber security policing department to combat the illicit activities of online criminals, commonly referred to as ‘yahoo boys’. “Speaking at the commissioning…
Efforts to end Sexual and Gender-Based Violence, SGBV, continued to receive attention as experts working with the Women Advocates Research and Documentation Centre, WARDC, gathered to discuss ways of addressing harmful norms and practices against women and girls in the country. This was the main focus of the meeting held in Lagos on Thursday. WfWI, Ford Foundation collaborates with WARDC The event was organised by WARDC in collaboration with Women for Women International, WfWI, and the Ford Foundation. The participants agree that addressing the issues of SGBV requires a multi-sectoral approach, including combating wife battery, child marriage, rape, human trafficking,…
Chief Executive Officer of Providus Bank Limited, Walter Akpani may be committed to prison over the bank’s alleged refusal to unfreeze bank accounts belonging to Energen Oil and Gas Limited and Applause Global Services Nigeria Limited. Joined defendants alongside Providus Bank are Globus Bank Limited, Zenith Bank Plc, and Access Bank Plc. In a notice of consequences of disobedience to order of court, Justice Akintunde Savage of the Lagos State High Court ordered the four banks to immediately unfreeze bank accounts belonging to Energen Oil and Gas Limited and Applause Global Services Nigeria Limited. The court further restrained the Respondents either by themselves, any…
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with a Tier-1 Capital of $2.01 billion. The rankings, published in the July 2024 edition of The Banker Magazine of the Financial Times Group, United Kingdom, recognise Zenith Bank’s continued financial strength and stability. They are based on the 2023 year-end Tier-1 capital of banks globally and remain the primary source for global bank…