archive2025

  Operatives of the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) have arrested 120 suspected internet fraudsters, comprising 95 male and 25 female at various locations in Lagos.   The suspects were arrested on Monday, May 19, 2025, following credible intelligence and thorough surveillance regarding...

China has announced plans to establish electric vehicle (EV) factories in Nigeria, in a move that signals a major step forward in the strategic partnership between the two nations and a boost for Nigeria’s ambition to harness its solid mineral wealth for industrial growth. The announcement was made during a...

The Development Bank of Nigeria (DBN) sys it is expanding its support for Micro, Small, and Medium Enterprises, (MSMEs), by growing its outstanding loan portfolio to over N1.8 trillion. Its Managing Director, Tony Okpanachi, said that the move aligns with the bank’s five-year strategic plan, meant to further drive economic...

  President Bola Tinubu has approved the issuance of critical regulatory licenses for the Kolmani Integrated Development Project. The project is a multibillion-dollar oil exploration initiative located between Bauchi and Gombe states. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this during the commissioning of the permanent site of...

Justice O. A. Okunuga of the Lagos State High Court sitting in Ikeja, Lagos, on Thursday, May 15,2025, convicted and sentenced one Ajanaku Oluwatomilola to three years imprisonment for N14.5m fraud. The convict was re-arraigned by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on...

  As part of the renewed strategy of the executive management of the Asset Management Corporation of Nigeria (AMCON) currently led by Mr Gbenga Alade as MD/CEO, the Corporation at the weekend during an interactive session in Abuja, said it plans to deepen its collaboration with all stakeholders especially the...

The Economic and Financial Crimes Commission (EFCC) on May 15, 2025, presented its first prosecution witness, PW1, Abdulmajeed Agboola, a staff of Access Bank Plc, in the alleged N5,726,994, 110.23( Five Billion, Seven Hundred and Twenty Six Million, Nine Hundred and Ninety Four Thousand, One Hundred and Ten Naira, Twenty...

BudgIT, a prominent civic-tech organisation promoting transparency and accountability in Nigeria’s public finance, has raised significant concerns over the Federal Government’s 2025 Budget, describing its formulation as legally questionable and lacking adequate disclosure, particularly regarding its revenue framework. Recall that the Presidency initially submitted a proposed expenditure of N47.9 trillion,...

… restates commitment to ridding the state of criminals and evil doers.     The Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, has condemned the senseless murder of Barrister Ifeanyi Iloakasia, a lawyer and President General of Aguleri community, who was attacked alongside his client on Thursday, May...

President Bola Tinubu joined other world leaders in Rome, Italy on Sunday for the installation mass marking the beginning of the Pontificate of His Holiness Pope Leo XIV, the 267th Bishop of Rome and the new leader of the Roman Catholic Church. A video shared on social media by the Nigerian Television...