OPERATIVES from the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) apprehended 55 individuals suspected of internet fraud across various locations in Offa, Offa Local Government Area, Kwara State, on Wednesday, October 30, 2024. This recent crackdown follows a prior EFCC operation from September 3 to 6, …
Read More »
Guaranty Trust Holding Company Plc (GTCO) has announced its nine months ended September 2024 unaudited result and accounts with about N1.22 trillion profit before tax, about 182 per cent increase from N433.2 billion reported in nine months of 2023. The lender’s profit after tax grew faster by 195.3per cent to …
Read More »
THE National Insurance Commission (NAICOM) on Wednesday wielded the big stick, sacking the board and management of the ailing African Alliance Insurance Plc, one of Nigeria’s oldest life assurance companies. The regulator, having taken over the insolvent firm over failure to meet obligations to annuitants and policyholders, has also appointed …
Read More »
A member of the House of Representatives, Alexander Mascot Ikewechegh, has appeared at the Kuje Magistrate Court for allegedly assaulting a bolt driver, Stephen Abuwatseya in Abuja. During the hearing of the case, prosecuted by the Inspector General of Police’s Special Investigation Unit, Ikewechegh was charged with abuse of office, …
Read More »
THE Presidential Compressed Natural Gas Initiative (PCNGI) has announced plans to significantly reduce taxi fares for services at the Nnamdi Azikiwe International Airport, Abuja, by 30%. This initiative comes after the signing of an agreement with Airport Taxi Operators to convert 800 vehicles to run on compressed natural gas (CNG). …
Read More »
PRESIDENT Bola Tinubu has appointed Major General Olufemi Olatubosun Oluyede as the new Chief of Army Staff. This was contained in a statement on Wednesday by the presidential spokesperson, Bayo Onanuga. He said Oluyede would hold sway as the CoAS pending the return of Lt. General Taoreed Abiodun Lagbaja, who …
Read More »
OUR attention has been drawn to the news circulating in a section of the media, titled: “Sanwo-Olu Sues EFCC over alleged plan to arrest, prosecute him after tenure.” We need to clarify that Mr. Babajide Sanwo-Olu, at no time, sued or briefed any legal practitioner to file a suit …
Read More »
OPERATIVES of the Economic and Financial Crimes Commission have arrested four suspects for unauthorised access to banks’ computer systems. The suspects were also accused of fraudulently withdrawing depositors’ funds. The arrested individuals include the leader of the syndicate, identified as Chima Nwigwe, along with Effiong Emmanuel, Mohammed Mahmud—the Managing Director …
Read More »
SEPLAT Energy Plc has recorded N1.071 trillion for the third quarter of 2024, an increase from the N478.1 billion posted in the same period of 2023. The company disclosed this in its unaudited results filed with the Nigerian Exchange Ltd. (NGX) and the London Stock Exchange on Tuesday. The …
Read More »
THE Naira on Tuesday appreciated at the official market, trading at N1,630.45 to the dollar. Data from the official trading platform of the FMDQ showed that this represents a 2.40 per cent gain when compared to the previous trading date on Monday, when it exchanged at N1,670.65 to a dollar. …
Read More »
