EFCC Arraigns Businesswoman for N35m Diapers Fraud

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Adedapo Adesanya The management of Ikeja Electric Distribution Company (IKEDC) has cautioned customers not to load the energy tokens purchased during a recent upgrade glitch which left customers unable to buy and load much-needed electricity tokens on their prepaid meters. In a statement on Friday, the distribution company said, “We apologise for the inconvenience experienced when loading your energy token during the TID rollover upgrade. The issue has been resolved and we thank you for your patience and understanding.” The issue commenced when the company instructed customers to link their respective prepaid meters to the National Identification Number (NIN)

By Modupe Gbadeyanka A key suspect in the Dangote Cement price slash scam, Mr Benjamin Ezeukwe, has been arraigned in court by the police in Lagos State. A statement issued by the spokesman of the Lagos Command of the Nigeria Police Force (NPF), Mr Benjamin Hundeyin, disclosed that the accused person was taken to court for prosecution after he was arrested in Rivers State. The Police Public Relations Officer, who is a Superintendent of Police (SP), disclosed that Mr Ezeukwe was picked up by police operatives on Thursday, October 19, 2023, in the Rumuolumeni area of Obio/Akpor local government area

By Modupe Gbadeyanka Shareholders of Honeywell Flour Mills Plc will receive the 4 kobo per share dividend proposed by the board of directors of the company. However, this payment, to be done directly into the bank accounts of the beneficiaries, is subject to a withholding tax of 10 per cent. Honeywell Flour said the qualification date for the cash reward is Wednesday, September 16, 2020, while the closure of register is from Thursday, September 17 to Wednesday, September 23, 2020. The company has advised those who are yet to register for the e-dividend mandate form to do so via the

By Adedapo Adesanya Brent crude soared closer to $75 per barrel on Monday, June 21 on the back of uncertainty concerning the renewed talks on lifting US sanctions on Iranian crude as the new President-elect of Iran, Mr Ebrahim Raisi. It was observed that yesterday, the price of the global crude benchmark traded at $74.93 per barrel after gaining $1.42 cents or 1.93 per cent, while the United States West Texas Intermediate (WTI) gained 2.61 per cent or $1.87 to trade at $73.66 per barrel. Both benchmarks have risen for the past four weeks on optimism over the pace of

By Adedapo Adesanya The Naira recorded a positive movement against the American Dollar in the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Tuesday, February 7, appreciating by 0.14 per cent or 67 Kobo to close at N461.50/$1 compared with Monday’s value of N462.17/$1. This occurred as the value of FX transactions at the official market window depreciated by 39.1 per cent or $47.85 million. At the close of trades, the turnover for the session stood at $74.58 million compared with the $122.43 million recorded at the previous session. Also, in the parallel market wing of

Did you know you can be a sharp gambler with the correct information? Thanks to the internet booming, online gambling is growing all the time. Nowadays, people are betting from home as it is convenient and comfortable, unlike brick-and-mortar casinos. Gambling at home also allows for concentration; hence you can win bigger prizes. What does it take to start gambling as a beginner? There are things you should look out for before you start betting. The essential point is to evaluate your preferences and a betting platform that suits your gambling needs. In this article, we outline the newbies’ guide

By Pedro Azuogu Both the American Heritage Dictionary (1981) and Webster’s Comprehensive Dictionary (2010) described corruption as an act of being corrupt. Corruption derives its meaning from the Latin word corruptus which in itself means tainted, decomposed, putrid, perverted, depraved, deteriorated, debased, dishonest, contaminated, corroded, impure, degenerated, polluted or such like synonyms which portend defilement of fidelity or morality. As ugly as this word is in describing what is demeaning, it has been elevated to a state enterprise in Nigeria, such that any public official who is not part of the transaction is seen as a non-starter. No wonder then

By Dipo Olowookere Stakeholders in the capital market in Nigeria have been assured of an enabling regulatory environment that will, in turn, unlock value for them. This assurance was given by the Group Chief Executive Officer of the Nigerian Exchange (NGX) Group Plc, Mr Oscar Onyema, at the 25th Annual Conference of the Chartered Institute of Stockbrokers (CIS) held on Thursday, October 28, 2021. At the event themed Capital Market as a Catalyst for Economic Development and Sustainable Growth, Mr Onyema commended “the efforts of the members and executives of the institute for implementing your role of developing sound professionals

By Adedapo Adesanya Oil ticked up on Friday as officials in the United States appeared close to striking a debt ceiling deal before a June deadline. Brent crude settled 69 cents or 0.9 per cent higher at $76.95 a barrel, while the US West Texas Intermediate closed up by 84 cents or 1.2 per cent to $72.67 a barrel during the session. On a weekly basis, both benchmarks posted a second week of gains, with Brent climbing 1.7 per cent and WTI appreciating by 1.6 per cent. It is possible negotiators will reach a deal to raise the US government’s

By Modupe Gbadeyanka One of the world’s leading airlines, Emirates Airlines, in commemoration of the annually celebrated Children’s Day in Nigeria, is hosting some kids to a treat. These children will have fascinating time with celebrities, media and the Emirates Regional Manager West Africa. The one day event is scheduled to hold at Ikeja City Mall on Saturday, May 26, 2018, with so much fun to behold. In order to have lasting memories of the event, the kids will enjoy being dressed in Emirates pilot and cabin crew uniforms. Some activities marked out for the day include red carpet photo