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A Federal High Court Judge in Ibadan has stalled the trial of three Central Bank of Nigeria – CBN staff and others over an alleged 8 billion Naira fraud. The Judge, Justice Nathaniel Ayo had adjourned until tomorrow Thursday after hearing from the defense Counsel, Mr Olayinka Bolanle, who informed the court that he recently […]

The Nigerian senate has confirmed five nominations sent by the president for the positions of the Secretary and Board Members of the Economic and Financial Crimes Commission (EFCC). The Secretary confirmed is George Abang Ekunugu from Cross-River, the board members are Luqman Muhammed from Edo, Anumba Adaeze from Enugu, Kola Raheem Adesina from Kwara and […]

President Muhammadu Buhari’s letter to the Nigerian Senate seeking to borrow $4.054bn, €710m, and $125m to service external loans has been forwarded to the Committee on Foreign and Local Debts by the senate president Senator Ahmed Lawan during Plenary today. Lawan while forwarding the request to the Committee led by Senator Clifford Ordia asked that the committee work […]

A Federal High Court in Abuja has granted permission to the National Drug Law Enforcement Agency NDLEA to destroy forfeited narcotics and psychotropic substances, weighing 15.660kg and valued at about N150million.   Justice Inyang Ekwo in a ruling granted an order for forfeiture and leave to destroy the drug sought by the NDLEA in an […]

The second prosecution witness, Abdulrahman Arabo, in the ongoing trial of Paul Usoro, SAN, a former President of the Nigerian Bar Association, NBA, for alleged N1.4bn fraud, on has told Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos how the defendant received a sum of N1.1bn from the Akwa-Ibom State government. […]

A Federal High Court sitting in Lagos,Nigeria has ordered the remand in prison custody of hip hop artist, Azeez Fashola popularly known as Naira Marley. The accused is facing 11 counts according to the EFCC “bordering on cybercrime for allegedly conniving with Yad Isril (at large) to use Access card issued to other persons in […]

A former governor of Oyo State,  Senator Rasheed Ladoja and a former commissioner for finance In Oyo State Mr Waheed Akanbi have been found not guilt of the 4.7billion Naira fraud allegation leveled against them by the Economic and Financial Crimes Commission, EFCC. Justice Mohammed Idriss of the the Federal High Court Ikoyi stated the […]

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