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Money laundering trial: Bank staff testifies against Mompha

A compliance officer at Access Bank Plc., Mr Elijah Adegboye, on Monday, testified in the trial of social media celebrity, Ismaila Mustapha (alias Mompha), charged with laundering six billion Naira. The News Agency of Nigeria reports that Mompha was not present during Monday’s proceedings. Adegboye was led in evidence by …

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Court orders PSC to pay rtd AIG Mbu N40m general damages

The National Industrial Court on Monday ordered the Police Service Commission, to pay retired Assistant Inspector General of Police, Joseph Mbu, the sum of N40 million as general damages. The payment as ordered by Justice Osatohanmwen Obaseki-Osaghae, was for the unlawful retirement of Mbu before he attained the mandatory age …

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How we killed Ondo naval officer — suspects

Ondo PPRO, Funmilayo Odunlami The Ondo State Police Command on Thursday paraded the three suspects arrested in connection with the alleged killing of a naval officer, Sub. Lt. Samuel Akingbohun. The suspects also disclosed how the naval officer was killed. Akingbohun was allegedly killed by the suspects during an argument …

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External reserves fall by $3bn in six months – CBN

CBN logo Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures on movement on foreign reserves that the reserves which commenced January 3, …

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