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In a bid to recover a debt of N254,201,001.4, First City Monument Bank FCMB has dragged a business man, Prince Stanley Uduhirinwa trading under the name, Leesabel Ventures Nigeria before a Federal High Court in Lagos. In a statement of claim jointly filed before the court by the bank and …

Edu is being investigated over the N585 million she directed the Accountant-General of the Federation, Oluwatoyin Madein, to transfer to a private account owned by one Oniyelu Bridget, who the ministry claimed currently serves as the Project Accountant, Grants for Vulnerable Groups, among other fraud allegations involving her office. The …

The former minister was arraigned on seven counts bordering on fraudulent award of contract and official corruption. Nobel laureate Prof Wole Soyinka has raised the alarm that there is a high-level concern for the safety of a former power minister, Dr. Olu Agunloye. SaharaReporters earlier reported that the Economic and …

Meanwhile, the ex-minister (Umar-Farouk’s) passport was also seized as part of her bail conditions before she was subsequently released late Monday night. The Economic Financial Crimes Commission (EFCC) has seized the passports of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and her predecessor, Sadiya Umar-Farouk, to …

Olu Ogunloye The Economic and Financial Crimes Commission, EFCC, has arraigned a former Minister of Power and Steel Development, Olu Agunloye, before Justice J.O Onwuegbuzie of the Federal Capital Territory, FCT, High Court, Apo, Abuja. Ogunloye was arraigned on Wednesday on seven count charges bordering on fraudulent award of contract …

An independent check revealed that the firm has the interior minister and his wife, Abimbola as directors. The Minister of Interior, Olubunmi Tunji-Ojo has admitted that he is still a shareholder of New Planet Project Limited, a company that was a total amount of N438.1million by the Ministry of Humanitarian …

Chioma Okoli was previously arrested and detained in September 2023 over her review of a tomato product manufactured by Erisco Foods Limited. Policemen on the alleged orders of the Inspector-General of Police, Kayode Egbetokun, have invaded the residence of Mrs Chioma Edoka Okoli, a female customer who was previously arrested …

The Central Bank of Nigeria has finally suspended new applications for development financing like the Anchor Borrowers Program (ABP) and Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) among others. The development is a strategic move to discontinue the unorthodox monetary policy regime adopted by the former Governor, Godwin …

Their dismissal was announced in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, in which it was stated that the two executive officers were sacked because of the President’s decision to restructure critical agencies in the country. The sacked Executive Vice Chairman/Chief Executive Officer (CEO) …

The suspended Humanitarian Affairs and Poverty Alleviation Minister Dr. Betta Edu is currently at the office of the Economic and Financial Crimes Commission (EFCC) Headquarters to be interrogated over the alleged N585 million fraud in her ministry. Edu stands accused of diverting the said amount  which was meant for payment …