The Nigerian Copyright Commission (NCC), has filed criminal charges against MTN Nigeria Communications Limited and four others over alleged copyright infringement. The suit with No FHC/ABJ/CR/111/2024 was filed against the mobile network operator at the Federal High Court, Abuja Division on Monday. Other joined as defendants in the suit are the Chief Executive Officer of […]
The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform, in a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, The criminal proceeding charges, filed at the Federal High Court in Abuja, were announced by the Federal Inland Revenue Service (FIRS) in a statement issued […]
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC), have opened discussions on how to synergize their efforts for the purposes of ensuring that the nation’s banking industry is secured from fraudulent activities and by implication, stabilize the financial system. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, made this […]
The US Department of Justice (DOJ) and some states have filed an antitrust lawsuit against Apple Inc, over allegation that its devices and software are a monopoly that gives it vast profits at the expense of customers. News reports late Thursday indicated that the DOJ and 16 state and district Attorneys-General, accused Apple of driving […]
….As Forced Commercial Sex Labour Accounts For 73% Of Profits A new report from the International Labour Organization (ILO) has revealed that forced labour in the private economy generates US$236 billion in illegal profits annually. The labour organization disclosed that the report’s findings indicated that the total amount of illegal profits from forced labour had […]
The Nigerian Civil Aviation Authority (NCAA) has warned private jet owners in the country against the unauthorized use of their aircraft for commercial purposes, stressing that violators will be sanctioned. The warning was contained in a statement by the agency’s Director of Public Affairs and Consumer Protection, Michael Achimugu, and published on the NCAA’s official […]
As the transformational impact of Generative Artificial Intelligence (GenAI) technology on the cyber landscape is expected to increase the frequency, severity, and diversity of attacks with prospects for more threats to assets, Lloyd’s has urged insurance industry players on the urgent need to take proactive steps to mitigate the risks of the technology on the […]
The Nigerian National Petroleum Company Limited (NNPCL) has solicited the support of the Economic and Financial Crimes Commission (EFCC) in the current efforts of the Federal Government to combat the crude oil theft incidents nationwide in view of the destructive impacts on the nation’s economy. The Group Chief Executive Officer of NNPCL, Mele Kyari, appealed […]
Nigeria’s Senate, the upper legislative chamber, on Monday inaugurated an ad-hoc committee to investigate the Central Bank of Nigeria’s (CBN’s) Ways and Means loans to the Federal Government and the Anchor Borrowers Programme (ABP) intervention funds in the agriculture sector over the past years. In his inaugural address to the ad-hoc committee chaired by Senator […]
….First Bank Says FX Licence Suspension Issues Will Be Resolved The Bank of Ghana on Tuesday announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN) for 30 days effective from 18th March 2024 over regulatory infractions. Specifically, the apex bank linked its action […]