archiveJuly 2020

The former deputy governor of the Central Bank of Nigeria (CBN) and a presidential candidate in 2019 election, Kingsley Moghalu, has insinuated that the anti-corruption war under President Muhammadu Buhari is not independent of politics. He made this position known in reaction to the suspension of Ibrahim Magu as Acting...

President of the Christian Association of Nigeria (CAN), Rev. Samson Ayokunle, on Tuesday called on state governments yet to reopen worship centres to do so. Ayokunle described the continuous lockdown order on places of worship by some states as unacceptable and unreasonable. Some states like Lagos and Ogun are yet...

The Police have arrested a – 44 – year old Pastor of the Christ Apostolic Church (CAC), Ogo Oluwa parish, Oluwafemi Oyebola, for allegedly raping his biological daughter routinely. Oyebola was arrested following a complaint by his 24 – year-old daughter, who asked to remain anonymous. The girl reported at...

Alhaji Sani Dauda, a prosecution witness, on Tuesday, denied giving Sen. Shehu Sani bribe. Dauda made this known in a Federal High Court,Abuja, while being cross-examined in the ongoing trial of Sani over alleged bribery and advanced fee fraud. The Economic and Financial Crimes Commission, (EFCC) slammed a two-count charge...

Ibrahim Magu has been suspended as the Acting Chairman of the Economic and Financial Crimes Commission, (EFCC) by President Muhammadu Buhari, the BBC reports. Magu reportedly spent the night in a police cell at the Force Criminal Investigation Department (FCID) Headquarters in Abuja. This followed a six-hour grilling by a...

The Nigeria Centre for Disease Control (NCDC) has developed and launched a new guideline for the conduct of elections during the Coronavirus (COVID-19) pandemic outbreak in the country. Dr Chikwe Ihekweazu, the Director-General, NCDC, made the launch on Monday in Abuja, during the Presidential Task Force (PTF), on COVID-19 briefing....

The Economic and Financial Crimes Commission (EFCC) on Monday, July 6, 2020 presented two more witnesses against Senator Shehu Sani before Justice I.E Ekwo of the Federal High Court, Abuja. One of them is Alhaji Sani Dauda (ASD), who is Chairman ASD Group of Companies and a board member, Peugeot...

The Economic and Financial Crimes Commission (EFCC) has arraigned a self-acclaimed social media influencer, Adedamola Adewale Rukayat (a.k.a Adeherself) before Justice Sherifat Solebo of the Special Offence Court sitting in Ikeja, Lagos on one-count charge of possession of fraudulent documents. The defendant was arrested following intelligence received by the Commission...

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the All-Share Index (ASI) shed 310.07 points or 1.27 per cent...

The Nigerian Stock Exchange (NSE) has upgraded its Issuers’ Portal (X-Issuer) to enhance market integrity. Mr Oscar Onyema, the Chief Executive Officer, NSE, made this known in a statement made available to newsmen in Lagos on Monday. Onyema said the X-Issuer was one of the Exchange’s dedicated efforts to improve...