archiveJuly 27, 2020

The Lagos Zonal Office of the Economic and Financial Crimes Commission( EFCC) on Monday, July 27, 2020 arraigned a property company, Renoccon Properties Development Limited and its Managing Director, Babatunde Morakinyo for allegedly laundering the sum of $1.29 million and N46 million respectively. The property firm and its managing director...

The Nigerian stock market opened new week on Monday on an upward trend with key indicators appreciating by 1.46 per cent. Specifically, the All-Share Index (ASI), which opened at 24,427.73 points, rose by 355.88 points or 1.46 per cent to close at 24,783.61, compared with 24,427.73 on Friday. Similarly, the...

Some motorists in Lagos on Monday said the partial closure of the Third Mainland Bridge for repairs since Friday had increased the travel time to and from the Lagos Island. The motorists, in separate interviews with the News Agency of Nigeria (NAN) in Lagos, decried the timing for the repairs,...

The African Development Bank (AfDB) has approved 27.4 million dollars grant to boost the African Union’s (AU) efforts to mobilise continental response to curb the COVID-19 pandemic. AfDB said in a statement that the approval came following April 22 meeting of extended Bureau of AU Conference of Heads of State...

Gov. Rotimi Akeredolu has expressed optimism that he would win the Oct. 10, Ondo state governorship poll, under the All Progressives Congress (APC). Akeredolu said this shortly after meeting with the APC Election Appeal Committee at the party’s National Secretariat in Abuja on Monday. He advised the candidate of the...

President Buhari on Monday urged Malian political leaders to consider the fragile peace in the country and the likely spiralling effect on the sub-region. The president gave the challenge during a virtual Extraordinary Session of the Heads of State and Government of the Economic Community of West African States (ECOWAS)...

The Presidential Task Force (PTF) on COVID-19 has extended the phase two lockdown by one week from the initial one month extension. The Secretary to the Government of the Federation and chairman of the PTF-COVID-19, Boss Mustpha, revealed this at the daily briefing on COVID-19 on Monday in Abuja. “The...

Justice F. N. Azinge of the Delta State High Court sitting in Otor-Udu has convicted and sentenced the duo of Pastor Glory Okeoghene Aberefa and Reverend Vincent Okpogo to 16 and 10 years imprisonment respectively. The convicts, alongside their company, Mustard Seed Micro Investment Limited, were prosecuted by the Benin...

Justice I.B. Gafai of the Federal High Court, Awka, Anambra State has convicted and sentenced former managing director of Achina Microfinance Bank, Aguata, Mr. Jonathan Nnamdi Udemadu to 11 months imprisonment for multiple fraud. The convict was prosecuted by the Enugu Zonal Office of the Economic and Financial Crimes Commission,...

Justice Nasiru Saminu of the Kano State High Court on Friday, July 24, 2020, sentenced an ex-banker, Shehu Mohammed Aliyu to three years imprisonment for fraud. The convict, a former staff of Guaranty Trust Bank (GTB) was prosecuted by the Kano Zonal Office of the Economic and Financial Crimes Commission,...