Justice Tijani Ringim of the Federal High Court sitting in Ikoyi, Lagos has ordered the interim forfeiture of the sum of N2,700,000,000 recovered from the account of Spiralfoss Limited. Justice Ringim gave the order, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC. Moving the …

Former Rivers State governor, Dr. Peter Odili, has been placed on the watch list of the Economic and Financial Crimes Commission (EFCC ) , the Nigeria Immigration Service (NIS) has told a court in Abuja. Odili, a medical doctor, deputy governor between 1992 and 1993 and two-term governor of Rivers …

Low internet penetration, bad road network and infrastructure deficit were among the hindrances identified to forestall e-commerce success in its early days in Nigeria. This was largely due to the fact that the majority of the country’s population lived in rural areas. This was – and still – the situation …

The Vice-Chancellor of the University of Benin (UNIBEN), Prof. Lilian Salami, has announced the immediate closure of the University following the protest that rocked the institution on Tuesday, the News Agency of Nigeria reports. On Tuesday, students of the institution blocked the ever-busy Benin-Lagos Expressway and the Ekheuan Road over a N20,000 …

A report released on Wednesday by the National Bureau of Statistics (NBS) shows that Nigeria’s inflation rate in August dropped to 17.01% from 17.38% recorded in July 2021. This represents the fifth consecutive decline in the rate of inflation recorded in Nigeria. The latest figure is 0.37% points lower than what was …

Abubakar Suleiman, Sterling Bank MD The Abubakar Suleiman – led Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal. The fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is …

Ecobank Nigeria has presented grand prize of N1 million cheque each to the four winners that emerged at the end of its Super Reward Scheme. The bank says the campaign was to reward customers’ loyalty. For equitable representation of its customers’ base, the Bank segmented the country into four regions …

The National Association of Resident Doctors (NARD) has agreed to sign a memorandum of understanding with the federal government in an effort to end the ongoing strike. On August 1, NARD embarked on strike over “irregular payment of salaries”, among other issues. Efforts of stakeholders, including the house of representatives, to mediate …

Gunmen suspected to be bandits have attacked the convoy of the emir of Bungudu, Hassan Attahiru, along Abuja-Kaduna highway. Mr. Attahiru is a monarch in Zamfara State. Credible sources confirmed the abduction of the monarch to Daily Nigerian, saying the attackers opened fire on the convoy and successfully demobilized some …

David Yonggi Cho, co-founder of the Yoido Full Gospel Church in South Korea, is dead. Cho, previously called Paul, reportedly died on Tuesday morning after a battle with brain hemorrhage. The popular South Korean minister was 85. Cho, an emeritus pastor at Seoul’s Yoido Full Gospel Church, died at a …