archiveDecember 16, 2024

The Economic and Financial Crimes Commission (EFCC) has asked Justice Rahman Oshodi of the Lagos State Special Offences Court sitting in Ikeja to strike out an application filed by former Governor of the Central of Bank of Nigeria (CBN), Godwin Emefiele, challenging the jurisdiction of the court. Through its counsel,...

Special Offences Court has fixed January 7 to rule on an application filed by former Central Bank of Nigeria (CBN) Governor Godwin Emefiele challenging the court’s jurisdiction to try him for alleged abuse of office. The Economic and Financial Crimes Commission (EFCC) filed a 26-count charge against the former CBN governor over alleged $4.5...

The Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Thursday, December 12, 2024 arraigned the duo of Ekpe Anayaoha Okoronkwo and Umeonuoha Onyinye, staff of one of the new generation banks, before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu...

  A political activist, Aisha Yesufu, has urged prominent British-Nigerian politician, Kemi Badenoch to move on from her fixation on Nigeria. Badenoch has sharply divided Nigerians with some of her recent comments about the country, with Vice President Kashim Shettima accusing her of denigrating Nigeria. In a fresh incident, the...

Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Tinubu at the Federal High Court sitting in Lagos over failure to direct the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), to work with appropriate anti-corruption agencies to probe allegations that over N57 billion...

The Federal Executive Council on Monday approved the renaming of the University of Abuja as Yakubu Gowon University. The Minister of Information and National Orientation, Mohammed Idris, revealed this to State House correspondents after the council held its last meeting for 2024 at the Aso Rock Villa, Abuja. Idris said,...

Former presidential candidate and Economist, Kingsley Moghalu, has advised Nigerian leaders to focus on building the country’s economy, saying that the intense recent debate on Kemi Badenoch’s identity does not hold any value for the country. Moghalu weighed in on the controversy in a post on his official X handle...

Nigeria’s headline inflation rate rose to 34.60% in November 2024, a 0.72% point increase from October’s 33.88%  The National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation rate rose to 34.60 per cent in November 2024, a 0.72 percentage point increase from October’s 33.88 per cent. The NBS disclosed...

arrests 193 Chinese, Arabs, Filipinos, Others 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,...

EFCC re-arraigns ex-Bank PHB MD, Francis Atuche, two others for forgery in Lagos  The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, December 16, 2024, re-arraigned a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, on a nine-count charge bordering on conspiracy...