Lagos, Nigeria – The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam. The suspects were apprehended on Tuesday, December 10, 2024, in a surprise operation at their hideout, an imposing…
By Our Reporter Overview: The Allegations and Their Origin A storm of allegations involving fraud, conspiracy, and abuse of power has erupted in Ugep, Yakurr Local Government Area (LGA) of Cross River State. At the heart of the controversy is the sale of two unserviceable Matrac Caterpillar Generators, initially donated to the Ugep Community by…
Lagos, Nigeria – Access Bank, Africa’s largest bank by customer base, has announced plans to acquire Bidvest Bank in South Africa for $158 million. This strategic move strengthens the Nigerian bank’s position as a leading financial institution across the continent. In 2022, Access Bank acquired the National Bank of Kenya for $99.6 million and an…
Lagos, Nigeria – The Supreme Court is set to determine the fate of President Bola Tinubu on Monday, December 16, in a new suit seeking his removal from office. The suit, SC/CV/667/2023, calls for Tinubu’s removal on two main grounds: alleged non-qualification to hold the office of Nigeria’s president and the unlawful usurpation of the…
Abuja, Nigeria – The Federal High Court in Abuja, on December 13, 2024, granted former Kogi State Governor Yahaya Adoza Bello bail in the sum of ₦500 million following his arraignment on a 19-count charge of alleged fraud and money laundering involving ₦80.2 billion. Bello, through his counsel, J.B. Daudu SAN, tendered an apology to…
Calabar, Nigeria – The issue of Driver’s Licence is yet to go away as Nigerians are erring their displeasure over the Licence Office’s poor services over time. Taking to social media to err the incompetence of the Federal Road Safety Corps (FRSC), the office responsible for issuing licences, Tom Alims, an influencer said he’s been…
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