slideshow

Oyo Community Protests Against Adron Company, Alleges Land Grabbing, Bringing Of Armed Thugs Despite Court Injunction

Residents say the company, known for its aggressive real estate marketing across Nigeria, has fenced large portions of their land and brought in heavy machinery, including caterpillars, to begin excavation ignoring a subsisting court order barring any such activity. Residents of Ayegun Oleyo, a community in Ibadan, Oyo State, have …

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Kaduna SDP Disowns El-Rufai

The Kaduna State chapter of the Social Democratic Party has disowned former Governor of Kaduna State, Mallam Nasir El-Rufai, over what it described as an “unauthorized” association with the party. At a press conference in Kaduna on Friday, the SDP’s North-West Zonal Secretary, Alhaji Idris Inuwa, said El-Rufai was neither …

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Ex-NHIS boss, Femi Thomas, BDC operator jailed over $2.1m fraud

The Federal High Court in Lagos has convicted Femi Thomas, former Executive Secretary of the National Health Insurance Scheme (NHIS), for breaching the N5 million cash transaction limit stipulated by law for individuals. Presiding over the case, Justice Ayokunle Faji on Thursday delivered judgment on charges involving $2,198,900 filed against …

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NGML Expands Portfolio, Signs Gas Supply Agreement

In a strategic move to strengthen its footprint in Nigeria’s gas marketing and distribution value chain, the NNPC Gas Marketing Limited (NGML) has signed a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited, enabling the delivery of up to 44 MMscf/d of natural gas. The agreement, …

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Moody’s upgrades Ecobank Outlook to Stable on stronger financial performance

Moody’s Investors Service has affirmed the ratings of Ecobank Transnational Incorporated (ETI), upgrading the outlook on its long-term issuer and senior unsecured debt ratings from negative to stable, citing improved financial performance and reduced refinancing risks. The agency confirmed ETI’s B3/Not Prime long- and short-term issuer ratings, B3 senior unsecured …

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Kano TikToker, Musician Bag Jail Terms For Naira Abuse

Justice S.M Shuaibu of the Federal High Court sitting in Kano, Kano State, has convicted and sentenced a TikToker, Abubakar Ibrahim, (a.k.a ‘G-Fresh) and Musician, Hamisu Saíd (a.k.a Hamisu Breaker) for abusing the Naira. They were jailed upon their arraignment by the Kano Zonal Directorate of the Economic and Financial …

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“You are wrong!” Presidency roars at Kwankwaso

The Presidency has said the 2023 presidential candidate of the New Nigeria Peoples Party, Senator Rabiu Kwankwaso, is wrong to have claimed that the north has been neglected by the Bola Tinubu-led administration. Kwankwaso had alleged while speaking at Coronation Hall, Kano Government House, on Thursday, during a stakeholders’ engagement …

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Seven jailed over stealing of N1bn from TajBank

Seven suspects arrested for alleged involvement in theft of N1 billion from TajBank’s agency banking platform have been sentenced to various prison terms after they pleaded guilty to separate one-count charges, bordering on impersonation, money laundering, retention of proceeds of crime and unauthorized bank transfers filed against them by the …

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