News

US prosecutors charge Sam Bankman-Fried, FTX founder with fraud

Sam Bankman-Fried Sam Bankman-Fried, the embattled FTX founder was on Tuesday, charged with eight criminal counts, including conspiracy and wire fraud for allegedly misusing billions of dollars in customers’ funds before the spectacular collapse of his cryptocurrency empire. An indictment detailing the charges was unsealed by a federal court judge in …

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Sell-off shares in DisCos, FG gives banks ultimatum

Nigeria’s federal government has instructed banks with majority shares in the country’s six electricity distribution companies (DisCos) to divest within 12 months. Abubakar Aliyu, Minister of Power, who gave the ultimatum, said the government was monitoring the operations and divestment process of the six DisCos to ensure compliance with the …

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I’ve done my best for Nigerians, Buhari declares

Muhammadu Buhari Muhammadu Buhari, Nigeria’s president, says he has done his best for Nigerians. Buhari stated this while welcoming the secretary general of the Abu Dhabi Forum, Sheikh Al-Mahfoudh Bin Bayyah and his deputy, Pastor Bob Roberts of the U.S., who visited him in Washington, according to a statement by …

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FCTA to establish zonal offices to curb land racketeering

The Federal Capital Territory Administration (FCTA) has revealed plans to establish Zonal offices to curb the indiscriminate sale of land by local chiefs in the territory. The Mandate Secretary, Area Service Council Secretariat, Alhaji Ibrahim Dantsoho, made the disclosure in an interview on Sunday in Abuja. Dantsoho stated that FCTA …

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