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A prosecution witness, Mr Effa Okim, on Monday told an Ikeja High Court how an oil marketer, Abdullahi Alao, allegedly conspired with others to commit N1.1 billion fuel subsidy fraud. Okim, an investigative officer with the Economic and Financial Crimes Commission (EFCC) testified at the resumption of Alao’s trial. The accused is the son of prominent Ibadan-based businessman, Alhaji Abdullazeez Arisekola-Alao. ... Read More »

Twenty-four hours after he floored the State Security Service at a Federal High Court in Lagos over the seizure of his international passport following his suspension, on February 20, as Central Bank Governor (CBN), Mallam Sanusi Lamido Sanusi today recorded a double over the Nigerian Government. His second straight victory came when another Federal High Court sitting in Lagos gave ... Read More »

As part of its commitment to creating agro-allied jobs and wealth through value chain management, Kwara State Government yesterday disbursed N215 million loan to 172 farmers who will service as change agents in their various communities.   Disbursing cheques to the beneficiaries at the Banquet Hall in Ilorin, the State Governor, Dr Abdulfatah Ahmed emphasised government’s commitment to the establishment ... Read More »

Justice Dije Abdu Aboki of Kano State High Court on Monday March 31, 2014 convicted and sentenced former staff of Mainstreet Bank, Hadiza Mustafa to five years imprisonment.   The convict who was arraigned by the Economic and Financial Crimes Commission, EFCC alongside Mahmud Sule on a 10-count charge that borders on forgery and theft of depositor’s fund, was convicted ... Read More »

The Board of Directors of Zenith Bank Plc yesterday announced the appointment of Peter Amangbo as the Managing Director designate. He is to replace Godwin Emefiele who has been appointed by the federal government as the new Central Bank governor. Mr. Emefiele was confirmed by the Senate last week which has made it imperative for Zenith Bank board to appoint ... Read More »

Heritage Bank NextGen Ambassador Gives Recipe for Transforming Africa into Economic Giant The Brand Ambassador of Heritage Bank, Miss Zuriel Oduwole, who is also a globally-renowned child rights activist has called on African Leaders to let the world know that they care for their peoples and countries by making qualitative education for children their number one priority. She said provision ... Read More »

Disgraced Banker, Erastus Akingbola’s Plot to Get Back Intercontinental Bank Fails ….. After what seems like a relief from his chains of legal battles home and abroad over his fraudulent practices in his capacity as the Managing Director of the defunct Intercontinental Bank, Dr. Erastus Akingbola who was found guilty of stealing and diversion of billion of depositors funds to ... Read More »

The Economic and Financial Crimes Commission, EFCC, on Monday, March 24, 2014 told a Lagos High Court sitting in Ikeja that an application filed by Wole Olanipekun, SAN, counsel to a former Managing Director of Intercontinental Bank, Mr. Erastus Akingbola, challenging the jurisdiction of the court, was premature and a ploy to delay his trial.   Akingbola is facing trial, ... Read More »

Adesina, O’Neil, Parlour, Duke, Oba of Lagos, Other Dignitaries Grace Event Lagos, Nigeria; March 24th, 2014: Leading telecommunications services provider, Airtel Nigeria, has taken a major step to redefine customer experience for High Net-worth customers as it launched the Airtel Premier Club, a special V-VIP programme specifically designed to offer exceptional and personalised services. The high profile launch event, which ... Read More »