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NAFDAC Cautions Nigerians On Enhancing Foods, Drinks With Chemicals

The National Agency for Food, Drug Administration and Control (NAFDAC) has warned Nigerians against adding chemicals and additives to food and drinks to enhance taste, stressing that such practices could result in severe illness and even death. The Director General of NAFDAC, Prof. Mojisola Adeyeye, in a statement signed by its Resident Media Consultant, Sayo […]

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NIRSAL MFB Mgt Cautions Public On Loan Fraudsters’ Patronage

Worried by the increasing wave of dubious activities of criminals posing as its staff and agents, the management of NIRSAL Microfinance Bank (NMfB) on Monday advised the public to be wary of patronizing such dubious agents for any credit or loan. The MFB management’s warning was sequel to news reports which indicated that unsuspecting members […]

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FG, UK Sign MoU On Repatriation Of Ibori’s £4.2Mn Loot

The United Kingdom Government and the Federal Government of Nigeria on Tuesday sealed a Memorandum of Understanding (MoU) on the repatriation of the sum of £4.2 million seized from former Delta State Governor, Chief James Ibori, and some of his associates. Ibori had earlier been jailed on corruption charges in the United Kingdom. Nigeria’s Attorney […]

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EFCC Nabs Former Minister Over Suspicious Payments In PHCN

The operatives of the Economic and Financial Crimes Commission (EFCC), at the weekend reportedly arrested a former Minister of State for Power, Mohammed Wakil in Abuja over alleged suspicious payments in Power Holding Company of Nigeria Limited (PHCN). A news report by PRNigeria indicated that the former Minister would be arraigned today in the High […]

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SEC Partners Attorneys-General Alliance To Combat Ponzi Frauds

The Securities and Exchange Commission (SEC) in partnership with the Attorney General Alliance Africa (AGA-Africa) will train law enforcement agencies, lawyers and the public on prevention of Ponzi scheme frauds in the country. A statement issued by a joint committee of SEC and AGA-Africa on Sunday indicated that the two-day webinar training with the title […]

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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 […]

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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 […]

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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 […]

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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 […]

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Crypto Criminals Stole $1.9Bn In 2020 – Research Firm

A research conducted by Finaria.it 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 […]