In the bid to strengthen public confidence in the media as a credible barometer of public opinion, the Nigerian media will. on Monday, inaugurate the nine-member board of the National Media Complaints Commission (NMCC), otherwise known as the National Ombudsman. Members of the commission who are drawn from the media, the bar, the academia, and civil society are Mr. Emeka Izeze , FNGE, former Managing Director, Guardian Newspapers (Chairman), Mr. A. B Mahmoud, SAN, OON, former President of the Nigerian Bar Association, Prof Chinyere Stella Okunna, Deputy Vice Chancellor, (Academics) Paul University, Awka, Anambra State; Dr. Hussain Abdu, a Development…
Author: BusinessTodayNG
Donald Trump has been indicted by a Manhattan grand jury after a probe into hush money paid to porn star Stormy Daniels, becoming the first former U.S. president to face criminal charges even as he makes another run for the White House. The specific charges are not yet known, as the indictment remains under seal. CNN on Thursday reported Trump faces more than 30 counts related to business fraud. Trump said he was “completely innocent” and indicated he would not drop out of the 2024 presidential race. He accused Bragg, a Democrat, of trying to hurt his chances of winning…
First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now known and addressed as FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia and FirstBank DRC. The Ghana, Senegal and Guinea subsidiaries will be next in the phased name change implementation. The name change is being implemented to align the subsidiaries with the parent brand and to enjoy the strong heritage and…
The X-Compliance report of Nigerian Exchange Limited has just revealed that the Exchange recorded N318.52bn of listings across its equities, fixed income, mutual funds and derivatives categories. The X-Compliance report is a transparency initiative of NGX designed to maintain market integrity and protect the investors by providing compliance-related information on all listed companies. Through the report, NGX ensures that it provides timely information to investors to aid their capital allocation decisions and enable a proper functioning capital market. According to the report, NGX saw N11.23bn in Federal Government of Nigeria bond listings which constituted FGN Savings Bonds with maturities ranging…
The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday, March 29, 2023 arraigned one Bashiru Usman before Justice A.A Bello of the Kaduna State High Court, Kaduna on one count charge of criminal misappropriation. The charge reads: ” That you, Bashir Usman (M) sometime in April, 2022 in Kaduna, Kaduna State within the jurisdiction of the Honourable Court, dishonestly misappropriated certain property, the sum of N745, 443.99 (Seven Hundred and Forty-Five Thousand Four Hundred and Forty-Three Naira Ninety- Nine Kobo) belonging to Babajo Auwalu Ahmed, and thereby committed an offence contrary to Section 293 of…
Justice M. Itsueli of Edo State High Court sitting in Benin, Edo State on Thursday, March 30, 2023 convicted and sentenced Bashiru Oladipo Alakuro to jail for fraud. Alakuro was arraigned by the Benin Zonal Command of the Economic and Financial Crimes Commission on one count charge of intent to defraud. Alakuro was arraigned by the Benin Zonal Command of the Economic and Financial Crimes Commission on one count charge of intent to defraud. The charge reads. “That you, Bashiru Oladipo Alakuro on the 4th day of June, 2022 in Benin City within the jurisdiction of this Honourable Court with…
Operatives of the Benin Zonal Command of the EFCC, on March 31, 2023 arrested eight suspected internet fraudsters in Benin City, Edo State. The suspects are Jeffrey Osagbemwonrue, David Ogheneyewuwe Ighere, Harry Aputu Donald, Desmond Taiwo, Blessing Samson, Oshiobugie Pascal, John Ohien and Roland Junior Osagie They were arrested following actionable intelligence. Items recovered from them include mobile phones and Mercedes Benz GLK350 and CLA 250 cars The suspects have made useful statements and will be charge to court soon.
The Sokoto Division of the Court of Appeal today, March 31, 2023 convicted and sentenced two Chinese nationals, Mr. Meng Wei Kun and Mr. Xu Kuai, to 6 years imprisonment on two of a three count charge bordering on conspiracy, money laundering and attempted bribery to the tune of N50 Million brought against them by the Economic and Financial Crimes Commission, EFCC. In a unanimous judgment delivered by Justice Abubakar Mahmud Talba on the appeal of the EFCC against the judgment of a Federal High Court, Sokoto which discharged and acquitted the respondents, the appellate court found the respondents guilty of…
The Economic and Financial Crimes Commission, EFCC, has secured the conviction of one Moses Upkonahusi for $5,576, (Five Thousand Five Hundred and Seventy-six United States Dollars) fraud. He was first arraigned by the EFCC before Justice Mohammed Zubair of the Federal Capital Territory, FCT, High Court, Jikwoyi, Abuja, on a one count charge bordering on cheating by impersonation. The count reads: “That you, Moses Ukponahusi, Male, sometime in December, 2021 at Abuja within the jurisdiction of this Honourable Court did cheat by personation when you fraudulently created a fake investment website named https://crytoinfinitrade.com, posed as chief Executive Officer of CRPTO…
Operatives of the Ibadan Zonal Command of the EFCC, has arrested twenty-one suspected internet fraudsters including two females in an intelligence-driven operation at Agbowo in Akobo and Idi–Ishin areas of Ibadan, Oyo State. The suspects are Abdulsalam Yusuf Olamilekan, Henry Ugochukwu Ike, Sobowale Tolulope Enoch, Franklin Ibeh Kelechi, Aderoju Hammed Akande, Afolabi Mayowa Akinbobola, Emmanuel Victor Oluwasegun, Odidwe Victory Okwise Okeke Hycent Obina, Ibelih Powel Theophilus, Anifowose Dolapo Praise, Balogun Oluwatobi Ayodeji and Ayoade Rofeek Mayowa. Others are: Samuel Shuaibu Adavize, Damilare Olaonipekun Gbolahan, Tajudeen Opeyemi Quozim, Lawal Opeyemi Quwwatullah, Adebisi Olaide Idris, Abiola Toheeb Olawale, Olanrewaju Hammed Rafiu, Olayiwola…