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Maiduguri Court Jails MD For N99m Fraud

JUSTICE Aisha Kumaliya of the Borno State High Court, Maiduguri, on Wednesday, March 7, 2024, convicted and sentenced Alhaji Kyari Mohammed, managing director, Kyari and Sons Company Nigeria Limited,   to one year imprisonment Mohammed was first arraigned on June 21, 2021 by the Maiduguri Zonal Command of the Economic …

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Court Jails Man, Two Companies In Kaduna

JUSTICES Darius Khobo, R. M Aikawa and Hawa Buhari of the Federal High Court sitting in Kaduna have  convicted and sentenced  one Onoja Benjamin Ufedo to two years imprisonment for cheating and  Karamchi Motors Limited and Dawaki Motors Limited for failure to comply with the requirements of the Special Control …

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Oyo, Ogun Courts Jail 14 Internet Fraudsters

   Justices Ladiran Akintola, O.A. Lajide, Bayo Taiwo, M.O. Ishola of the Oyo State High Court sitting in Ibadan and Justice E.O. Osinuga of the Ogun State High Court, Abeokuta have convicted and sentenced fourteen (14) internet fraudsters to various jail terms. They were jailed after pleading guilty to one-count …

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Remi Tinubu Demands Capital Punishment For Child Abductors

IN a bold and impassioned address today, the First Lady of Nigeria, Mrs. Remi Tinubu, has made a fervent plea for the implementation of capital punishment for criminals involved in the heinous act of child abduction. Mrs. Tinubu emphasized the urgent need for decisive action to curb the rising cases …

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FG Targets Cryptocurrency To End Naira Freefall

THE Federal Government has resolved to target cryptocurrency to end the continued depreciation of naira in the foreign exchange market. The world’s biggest cryptocurrency exchange Binance had also announced plans to halt operations in naira as the government puts cryptobusinesses under increasing scrutiny. The decision came after authorities in Nigeria, …

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CBN Records $2.3bn Increase In Forex Inflow

THE Central Bank of Nigeria (CBN) says it reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign portfolio investors. The CBN Acting Director of Corporate Communications, Hakama Sidi-Ali, made …

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British Ex-PM, Theresa May Quits Parliament After 27 Years

FORMER British Prime Minister Theresa May has said she will not fight the next general election, bringing a 27-year-old career in the UK parliament to an end. May revealed her decision to stand down as MP for Maidenhead on Friday, saying she would focus on championing causes including the fight …

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