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CBN Directs Banks To Report Suspicious Transactions

The Central Bank of Nigeria (CBN) has advised banks to intensify their surveillance and monitoring of all transactions involving persons and entities designated under the United Nations Security Council Resolution 1718 and all other subsequent resolutions relating to the Democratic People’s Republic of Korea (DPRK) and report such immediately. The apex bank in a circular […]

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S6.9Bn Fine: P&ID Plead Guilty To 11-Counts, Forfeits Assets To FG

Amid growing anxieties among Nigerians on recent UK court’s judgment  awarded in favour of Process and Industrial Development Ltd (P&ID) to seize Nigeria’s assets worth $6.9bn over alleged breached of contract, a Federal  High Court in Abuja on Thursday accepted the guilty pleas of two employees of the foreign company and its Nigerian affiliate – P […]

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Nigerian Returnees From S/A To Get Soft Loans, Other Incentives

The Federal Government on Thursday promised to provide hundreds of Nigerians returning from South Africa following rising incidents of xenophobic attacks in the country soft loans to be provided by the Bank of Industry (BOI) to support those interested in small trade and businesses. The Chairman and Chief Executive Officer (CEO) of the Nigerians in […]

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Kenyan Govt To Prosecute Billionaire, Others Over Alleged Tax Evasion

Kenya’s Director of Public Prosecution, (DPP) Noordin Haji, has ordered the immediate arrest and prosecution of Humphrey Kariuki, the owner of Wines of the World Limited (WoW) and Africa Spirits Limited alongside eighth other accomplices over allegations of KSh 41 billion tax evasion. According to a news report by Kenyalivefeed.com, Kariuki and the other eight […]

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Gwarzo regrets roles in contract award abuses at SEC – Panel

The suspended Director General of the Securities and Exchange Commission (SEC), Mallam Mounir Gwarzo, was reported to have regretted his roles that enabled Medusa Limited, a company he and members of his wife’s family owned, to benefit from contract awards at the commission during his tenure. Specifically, he was quoted by the Administrative Panel of […]

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CCT Convicts Justice Onnoghen, Orders Forfeiture Of Funds To FG

After about three months of investigating a six-count charge bothering on corruption levelled against him by the Federal Government, the former Chief Justice of Nigeria, Justice Walter Onnoghen, was on Thursday convicted by the Code of Conduct Tribunal (CCT) sitting in Abuja, Delivering the three-man panel, the Chairman, Mr Danladi Umar, also ordered the removal […]

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Court Discharges, Acquits Gwarzo, Garuba Of Criminal Charge

A High Court of the Federal Capital Territory on Tuesday, discharged and acquitted the suspended Director General of the Security and Exchange Commission, SEC, Mounir Gwarzo. The acquittal followed the dismissal by the court of a five-count charge the Independent and Corrupt Practices and Other Related Commission (ICPC) preferred against him and the Executive Commissioner, […]

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Justice Onnoghen Quits To Avert Forced Retirement

The embattled Chief Justice of Nigeria (CJN) Justice Walter Onnoghen, who over the past three months had been facing corruption charges,  resigned his appointment with immediate effect on Friday. Onnoghen, who has been in the ‘eyes of the anti-corruption storm’ over the past months reportedly turned in his resignation letter to President Muhammadu Buhari late […]