archive2025

Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, ordered the final forfeiture of 2,041,087,747.00 units of Livingtrust Mortgage Bank Plc, formerly known as Omoluabi Mortgage Bank Plc, valued at N6,674,356,932.69. The court also ordered the final forfeiture of the sums...

The Economic and Financial Crimes Commission (EFCC) has said that individuals who invested in the CBEX digital trading platform will get their money back. EFCC said it was already tracking the CBEX trading platform before the recent public outcry. According to several posts on X, the CBEX, which promised investors...

An Abeokuta High Court presided over by Justice E.O. Osinuga has slammed N500 million damages against Oba Adetoye Alatishe, the Gbengande of Ososa, in Ijebuland, Ogun State, for libel against a foremost industrialist, Dr. Sulaiman Adegunwa. Oba Alatishe was also ordered to apologise and do a retraction in three national...

Heads of law enforcement agencies in Niger State as well as the state's judiciary have declared their willingness to share intelligence with the Economic and Financial Crimes Commission, EFCC and give it every other support in its efforts to eliminate corruption, economic and financial crimes in the country. The declaration...

• says infrastructure, security enablers for economy Governor of Oyo State, ‘Seyi Makinde, has declared that he will not be distracted by the clamour in some quarters for him to run for Presidency in 2027. The governor noted that he would not allow anyone to set an agenda for him,...

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering a robust performance marked by double-digit growth in revenue and profitability. Total revenue grew by 37 per cent to N26.1 billion in 2024, up from N19.0 billion...

• Oyetola orders NIMASA to commence process In a landmark move to reshape the nation’s maritime sector, the Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process that will lead to the long-awaited disbursement of over $400m...

The Economic and Financial Crimes Commission (EFCC) has identified financial crimes, governance gaps and weak accountability structures as key enablers of the operations of violent non-state actors in Nigeria, with grave implications for national security and economic development. The Executive Chairman of the Commission, Mr. Ola Olukoyede, stated this on...

Bode George, a chieftain of the Peoples Democratic Party (PDP), says the party will collapse if former Vice-President Atiku Abubakar becomes the 2027 presidential candidate. George, a member of the PDP board of trustees (BoT), spoke on Monday when he was featured on Politics Today, a programme on Channels Television....

Nigeria has signed a Bilateral Air Services Agreement (BASA) with Trinidad and Tobago, according to the Minister of Aviation and Aerospace Development, Festus Keyamo. By signing this agreement, Nigeria and Trinidad and Tobago have set the stage for direct air connectivity, potentially reducing travel time and costs between West Africa...