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Odu’a Investment Shareholders Approve N428m Dividend For 2023

SHAREHOLDERS of Odu’a Investment Company Ltd., (OICL) on Thursday approved the total dividend of N428 million declared by the company for the year ended Dec. 31, 2023. They gave their approval at the company’s 42nd Annual General Meeting (AGM) held in Lagos. They also approved other resolutions and the company’s …

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NDIC Increases Maximum Deposit Insurance Coverage For Failed Banks

THE Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of bank failure. The News Agency of Nigeria (NAN) reports that deposit insurance is the government’s guarantee that an account holder’s money at an insured …

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Woman Docked For Allegedly Obtaining N850,000 Under False Pretence

A 53-year- old woman, Olokunlade Olateju, was on Thursday docked in an Ogudu Magistrates’ court in Lagos State, for allegedly obtaining N850,000 under false pretence. Olateju, who resides at Odumosu Street, Ketu, Lagos is facing a three-count charge of conspiracy, obtaining by false pretense and stealing by conversion. The defendant, …

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Court Orders Forfeiture Of Internet Fraudster’s iPhone

A Federal Capital Territory (FCT) High Court in Gwagwalada  on Thursday ordered forfeiture of an internet fraudster Precious Ogheneviomeze’s iPhone. The Economic and Financial Crimes Commission (EFCC) charged Ogheneviomeze with cheating by impersonating an American doctor. He pleaded guilty to the charge and begged the court for leniency. Delivering judgment, …

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