News

The Oniwo of Afin, Oba Simeon Olanipekun, who was kidnapped by gunmen in Ifelodun Local Government Area of Kwara State, has regained his freedom after his family reportedly paid an additional N12 million ransom to secure his release. The monarch, who had spent about one month in captivity, was freed …

The judge held that prosecution proved its fraud case against the former NEXIM Bank chief Roberts Orya beyond every reasonable doubt. The Federal Capital Territory (FCT) High Court, Abuja, on Thursday, sentenced Roberts Orya, a former managing director of the Nigerian Export Import (NEXIM) Bank, to 10 years’ imprisonment for …

  Tension is mounting at the Lagos State University of Education (LASUED) as concerned staff members have issued a strongly worded petition to the Lagos State Government accusing the university’s Vice Chancellor, Professor Bilikis Okuneye, of maladministration, corruption, and gross violation of workers’ rights. The petition, addressed to the Governor …

BY BLAISE UDUNZE The Central Bank of Nigeria’s recapitalisation exercise, which is scheduled for a March 31, 2026, deadline, has continued to reignite optimism across financial markets and is designed to build stronger, more resilient banks capable of financing a $1 trillion economy. With the ongoing exercise, the industry has …

Fresh from their victories at the 9th All Africa Music Awards (AFRIMA) in Lagos, Nigeria, Tanzanian stars Juma Jux and Folex have described the platform as a major driver of global visibility for African creatives, as industry stakeholders met in Dar es Salaam to review the impact of the awards …

BY BLAISE UDUNZE   The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude on March 31, 2026, which is framed as an unavoidable solution to systemic fragility, weak balance sheets, and the demands of a larger, more complex …

The Kano State Police Command says it has arrested three suspects over the alleged purchase of a luxury vehicle using a fake bank transfer alert. The arrests were disclosed in a statement issued by Abdullahi Kiyawa, police spokesperson, on Friday. “Operatives of its Special Intervention Squad apprehended Ibrahim Tijjani, Jamilu …

The Economic and Financial Crimes Commission (EFCC) has charged a commercial bank and four other defendants at the Ikeja Special Offences Court, Lagos over alleged a ₦4.3 billion fraud. The other defendants named in the charge include Muyiwa Akinyemi, Amangbo Stephen, Gesos Global Service Limited, and Fedat Global Limited. When …

The Court of Appeal sitting in Ilorin, Kwara State, on Friday dismissed the appeals of five men convicted over the 2018 Offa bank robbery, upholding their death sentences. PUNCH Online reports that the appellate court, in a unanimous verdict delivered by Justices Ridwan Maiwada Abdullahi, Gabriel Kolawole, and Abdul Dogo, …

Sunday Adeyemo, the Yoruba youth activist known as Sunday Igboho, has declared his willingness to work with the federal government to address the country’s worsening security challenges. Adeyemo made the pledge in a statement issued on Friday after his return to Nigeria following nearly five years outside the country. He …