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National Agency for Food and Drugs Administration and Control has begun a probe into Prof. Isaiah Ibeh’s claim on Tuesday that he had discovered a herbal drug capable of curing AIDS. Reports quoted the Dean of Basic Medical Sciences, University of Benin as saying the drug had undergone “a series of successful tests”. The Director-General of NAFDAC, Dr. Paul Orhii, ... Read More »

Naijahottestgist learnt that officials of the Economic and Financial Crimes Commission this afternoon arrested immediate past Governor of the Central bank of Nigeria, Charles Soludo in connection with the Australian polymer banknotes bribery scam. The source told us about a dozen other CBN former and serving CBN officials have also been apprehended for questioning on the deal. EFCC spokesperson could ... Read More »

A manager with Intercontinental Bank Plc (now Access Bank), Mr. Olayinka Sanni and Personal Assistant to Adeyemi Ikuforiji, Speaker of the Lagos State House of Assembly, Mr. Oyebode Atoyebi have been arrested by the Economic and Financial Crimes Commission, EFCC, over a case of conspiracy, stealing and forgery amounting to about N1.5 billion. Sanni, a chartered accountant and operator of ... Read More »

Dana Air will on Friday (tomorrow) resume flight operations, approximately seven months and one day after the airline was involved in a fatal crash in Lagos on June 3, leading to the death of 163 people. The Head, Corporate Communications, Dana, Mr. Tony Usidamen, who confirmed the development on Wednesday, said the resumption came after necessary approval was received from ... Read More »

Eminent businessman, Alhaji Aliko Dangote, may have made the list of 11 Nigerians who made this year’s Forbes 40 richest Africans but he is yet to settle with the family of those who were crushed to death by his trailer!!…Even the badly injured have been ignored!..haba.. Naijahottestgist reported in the second week of December 2012 that Dangote trailer abruptly ended ... Read More »

The police said even the banker’s of Capital Oil may be complicit in the fraud. Ifeanyi Uba, the controversial owner of Capital Oil and Gas, now regarded as the largest beneficiary of the multi-billion fuel subsidy scam, led a small band of company staff to rip the nation of several billions of naira through falsification and forgery, a police report ... Read More »

families of victims of the of the 3 June crash after an initial payment of $30,000 to over 80 families. The Civil Aviation Act stipulates that the sum of $100,000 be paid as compensation to families of victims of air disasters. Confirming the payment to the News Agency of Nigeria (NAN), Tony Usidamen, Dana Air’s Head of Corporate Communications said ... Read More »

Four staff of Mainstreet Bank, Obong Francis Ime, Harrison Wisdom, Oche Garuba, and Nnamdi Onyeka Igboamalu have been arraigned on a charge of theft by the Economic and Financial Crime Commission, EFCC at Lagos High Court. The four staff of the bank that were brought closer together by Presidential Implementation Committee on Federal Government Properties’ money domiciled in Mainstreet Bank ... Read More »

Guaranty Trust Bank plc recently launched its partnership with Selfridges, UK to project authentic designs by talented African fashion designers. The collaboration tagged “Guaranty Trust Bank presents Ndani” stems from the Bank’s commitment to the projection of African Art to global audiences as a Proudly African and Truly International financial institution. Ndani represents the beauty of Africa and this is ... Read More »

The eldest son of the former military Head of State, Late Gen. Mohammed Sani Abacha at the weekend cried before the House of Representatives, telling them how the former Minister of Petroleum Resources, Dan Etete allegedly defrauded him and Pecos Energy Limited Abacha, who testified before the House adhoc committee, chaired by Hon. Leo Ogor, which is investigating the Malabu ... Read More »