Crime & Judiciary Matters Economy News Extra Latest News National Assembly

Senate Confirms Bawa as EFCC Chairman, Tasks Him On Anti-Graft War

The Senate on Wednesday screened and confirmed Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC). The nominee, who was accompanied by officials of the anti-graft agency and well-wishers, was subsequently interviewed for almost two hours by the lawmakers, who also described his choice by the President as commendable. They […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News National Assembly Technology Telecomms

Virtual Assets, Cryptocurrencies Risky For Nigeria – ICPC Boss

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye has lent his voice against cryptocurrencies and virtual assets transactions in Nigeria, describing them as risky for the country. Owasanoye expressed this view before the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the […]

Budgeting Crime & Judiciary Matters Economy News Extra Health & Environment Latest News Oil & Gas Political Economy

Senate Orders Arrest Of NDDC Mgt Over Alleged N2.6Bn Misappropriation

The Senate has issued an arrest warrant for the management of the Niger Delta Development Commission (NDDC) over failure by the members to appear before it over alleged N2.6 billion palliative fund misappropriation perpetration by them. The Chairman of the Senate Committee on Public Petition, Ethics and Privileges, Senator Ayo Akinyelure, gave the order after […]

Crime & Judiciary Matters Economy News Extra Fiscal Law & Act Foreign Latest News Tax

Trump Loses Supreme Court Appeal On Tax Returns

The United States Supreme Court declined on Monday President Donald Trump’s appeal to block a New York grand jury from getting his personal and corporate tax returns. The verdict represented the ousted President’s decisive defeat in his prolonged legal battle to keep his tax records out of the hands of investigators. A news report by […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News Political Economy Technology

Crypto Criminals Stole $1.9Bn In 2020 – Research Firm

A research conducted by last year on the global cryptocurrency market showed that malicious hackers and other scammers stole $1.9 billion as against the $4.5 billion in the preceding year. While the year witnessed a huge growth in the crypto market as many investors turned to digital coins as a store of value in […]

Crime & Judiciary Matters Economy News Extra Latest News Political Economy Privatisation & Commerce

FG Invites Bids For Recovered Assets’ Sale

In furtherance of its fiscal policy objectives of translating the recovered assets into funds, the Federal Government has invited bidders to bid for the sundry assets. The assets, which were recovered or forfeited by suspects facing corruption charges and are located in 25 states, include vehicles, ships, plants, boats, and machinery as well as electronics […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News

NDIC Flaws Tribunal’s Decision On Ecobank, Winners Medical Diagnostics’ Case

The Nigeria Deposit Insurance Corporation (NDIC) has flawed the decision of the Investments and Securities Tribunal (IST) on case No. IST/OA/03/19 between Winners Medical Diagnostics Ltd and Ecobank, saying the Tribunal misconstrued and consequently misapplied the clear provisions of the relevant laws governing bank liquidation in Nigeria. The corporation’s stance on the decision was expressed […]

Crime & Judiciary Matters Economy News Extra Insurance & Pension Latest News

Money Laundering Charge: Court Orders Maina To Remain In Prison

The Federal High Court in Abuja on Friday ordered the remand of former Chairman of the defunct Pension Reform Taskforce Team, Mallam Abulrasheed Maina, in prison custody till the conclusion of his trial over money laundering charges. Maina is facing a 12-count money laundering charge preferred against him and his firm, Common Input Properties & […]

Crime & Judiciary Matters Economy News Extra Hospitality & Tourism Industry Latest News

N69.4bn Debt: AMCON Takes Over Jimoh Ibrahim’s Assets

Consequent upon the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) on Wednesday took possession of 12 assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos and Abuja over N69.4 […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News Political Economy

CBN Director, Others To Appear As Witnesses In Mompha’s Trial

Following his pleading not guilty to a 14-count charge of money laundering, unauthorised forex trade and failure to comply with government’s trade and exchange policy, a Federal High Court in Lagos on Monday remanded a suspected money launderer, Ismaila Mustapha (aka Mompha) over his arraignment for alleged N33 billion fraud. This is even as the […]