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Emefiele Denies 26-count Charges Before Ikeja Court

Former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, and his co-defendant, Henry Isioma-Omoile, on Monday pleaded not guilty to a 26-count charge brought against them by the Economic and Financial Crimes Commission (EFCC). They were arraigned before Justice Rahman Oshodi of the Ikeja Special Offences Court. Defence counsel, Mr. A. Labi-Lawal, in […]

Third Mainland Bridge Reopens to Commuters’ Relief

Residents of Lagos breathed a sigh of relief yesterday as the Third Mainland Bridge reopened to vehicular traffic. Remaining works, including solar light installations and CCTV installations, will continue, according to Works Minister Dave Umahi. Umahi emphasized that these ongoing works should not impede traffic flow. He announced that the brick deck work is expected […]

Alleged Money Laundering Charges Leveled Against Bobrisky

The Economic and Financial Crimes Commission (EFCC) has instituted a six-count charge against Idris Olanrewaju Okuneye, widely known as Bobrisky. The charges were filed on Thursday, April 4, and Bobrisky is scheduled for arraignment on Friday, April 5, before Justice Abimbola Awogboro at the Federal High Court in Lagos. The initial four counts pertain to […]

CBN Sets New Minimum Capital Requirements for Banks

The Central Bank of Nigeria (CBN) has introduced revised minimum capital requirements for banks, setting the minimum capital base for commercial banks with international authorization at ₦500 billion. In a circular addressed to all commercial, merchant, and non-interest banks, as well as promoters of proposed banks, the Director of the Financial Policy and Regulation Department, […]

Chinese National Sentenced to Death for Murdering Nigerian Girlfriend in Kano

A Kano High Court, located on Miller Road, has sentenced Frank Geng-Quangrong, a Chinese national residing in Railway Quarters, Kano, to death by hanging for the murder of his Nigerian girlfriend in 2022. Frank was found guilty on a charge of culpable homicide, following an incident on September 16, 2022, at Janbulo Quarters in Kano. […]

Nigeria Collaborating With Interpol to Apprehend Fugitive Binance Executive

The Office of the National Security Adviser (ONSA) has confirmed that it is collaborating with Interpol to capture Nadeem Anjarwalla, a Binance executive who recently escaped custody. Anjarwalla is a key suspect in an ongoing investigation into Binance’s activities. According to ONSA, Anjarwalla escaped using a smuggled passport. Those responsible for his custody have been […]

Adaora Umeoji Becomes First Female GMD/CEO of Zenith Bank

Zenith Bank Plc has announced the appointment of Dame Adaora Umeoji, OON, as Group Managing Director/Chief Executive Officer, effective June 1, 2024, pending approval by the Central Bank of Nigeria (CBN). She succeeds Dr. Ebenezer Onyeagwu, whose successful five-year term ends on May 31, 2024. Dame Adaora Umeoji marks a historic milestone as the first […]

FG Considering Offers of Assistance by Foreign Nations to Combat Kidnapping Crisis

The Federal Government is considering offers of foreign assistance in the fight against kidnapping and other high-profile crimes, disclosed Minister of Information and National Orientation, Mohammed Idris. He revealed that the United States and unspecified other countries had extended offers to aid Nigeria in this endeavor. Addressing reporters after a Federal Executive Council (FEC) meeting […]

Federal Government Delays Launch of Nigerian Students Loan Scheme

The anticipated launch of the Nigerian Students Loan Scheme by the Federal Government has been postponed indefinitely. This decision was relayed by Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund, during an interview with Arise News on Tuesday. Originally slated to commence on Thursday, the loan scheme has faced yet another delay […]

More Revelations on Emefiele’s Fraudulent Contract Approvals

In an ongoing trial at the High Court of the Federal Capital Territory, former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, along with nine other officials of the apex bank, is accused of approving 45 multi-billion Naira contracts for various entities, including Emefiele’s wife, Margaret. According to Agboro Omowera, an investigator with the Independent […]

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