Shamed: First Bank staff Oreoluwa Adesakin jailed for stealing N49m

A busted staff of First Bank of Nigeria Limited, Oreoluwa Adesakin, has been convicted for fraud and handed a total term of 98 years in prison by Justice Muniru Olagunju of the Oyo State High Court. But she will spend just seven years in jail. Adesakin was found to have committed financial fraud against First […]

Suspect wanted by FBI for $6m scam surrenders to EFCC

FCC says it is in custody of a suspect declared wanted by the U.S. Federal Bureau of Investigations (FBI) over alleged $6 million dollar fraud EFCC, key player in preserving democratic governance in Nigeria – official By Desmond Ejibas The Economic and Financial Crimes Commission (EFCC) says it is now in custody of Felix Okpoh, […]

Diezani’s partner, Kola Aluko, to lose $25m Los Angeles mansion

The United States Department of Justice has begun proceedings to seize a $25m mansion in Los Angeles belonging to Kola Aluko, an ally of Diezani Alison-Madueke, former Minister of Petroleum Resources in Nigeria. Aluko and Olajide Omokore, had in 2011 to 2015 allegedly conspired with others to bribe Alison-Madueke in order to win oil production […]

Alleged fraud: Maina petitions AGF

Abdulrasheed Maina protesting allegation of fraud against him By Wandoo Sombo The embattled  Chairman of the Pension Reform Task Team (PRTT) Abdulrasheed Maina, has petitioned the Attorney- General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, challenging the criminal charge against him. In the petition made available to newsmen on Wednesday, Maina  […]

Secondus: A govt engrossed in corruption can’t regulate church activities

National Chairman of PDP, Uche Secondus •Insists govt has enough problems to deal with •Urges National Assembly to revisit CAMA Chuks Okocha in Abuja National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, Saturday, condemned the recent signing into law of the bill amending the Companies and Allied Matters Act (CAMA) 2004 by […]

Elumelu threatens legal action over ‘false allegation’ of N41 billion fraud

The former Managing Director of the United Bank for Africa (UBA), Mr Tony Emumelu, has given the chairman of the Senate Committee on Ethics, Privileges and Public petition, Ayo Akinyelure, seven days to retract a statement credited to him, alleging that he was involved in a N41 billion fraud case. Lawyers to Elumelu, in a […]

Senate wants NDDC IMC to refund N4.923bn alleged illegal payments to staff, contractors

By Kingsley Okoye The Senate on Thursday called on the Interim Management Commitee (IMC) of the Niger Delta Development Commission(NDDC) to refund the N4.923 billion payments, made to staff and contractors in breach of procurement process. It said that the refund should be made to the NDDC’s Account with immediate effect. The resolution of the […]

EFCC: I’ll now fight back publicly – Ibrahim Magu declares

By John Owen NwachukwuIbrahim Magu, the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), has declared that he will no longer hide but was now ready to fight back at orchestrated attacks against his person. Magu said he will henceforth reply to all the allegations against him in public. This was contained […]

NDDC Probe: You came here to mislead investigative committee – Lawmaker tells Akpabio

By Don SilasA member of the House of Representatives Committee on Niger Delta Development Commission has accused the Minister of Niger Delta Affairs, Godswill Akpabio of misleading the committee. Honourable Thomas Ereyi-Tobi, who is presiding over the hearing, accused Akpabio of lying under oath while testifying before the panel. According to Ereyi-Tobi, “I have listened […]

Saraki opens up on why Magu was after him

By Kazeem Ugbodaga Former Senate President, Bukola Saraki has revealed why the suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu went after him with zeal to prosecute him. Saraki said Magu decided to take the fight against him personal because the eight National Assembly did not confirm his appointment as […]

BREAKING: One feared dead, many injured as fresh violence erupts in Apo, Abuja

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