The American International School of Abuja has asked the Economic and Financial Crimes Commission to provide “authentic banking details” for the refund of fees paid for the children of Yahaya Bello, immediate-past governor of Kogi state. Bello allegedly paid $720,000 in advance as fees for five of his children from the coffers of the Kogi state government. The children are ... Read More »

….Celebrates Airline For The Commencement of the Lagos-London Route   Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. Dr. Nneka Onyeali-Ikpe, the Managing Director, Fidelity Bank Plc gave the commendation over the weekend in Lagos during a special event organised for the airline by the bank to celebrate Air Peace for ... Read More »

After the removal of the wasteful fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass transit. The Federal Government as part of the many intervention programmes to reduce ... Read More »

The Economic and Financial Crimes Commission may prosecute 300 forex racketeers trading on a peer-to-peer platform outside the financial regulations. The EFCC Chairman, Ola Olukoyede, who gave this indication during an interactive programme with editors and bureau chiefs in Abuja on Tuesday, revealed that the accounts were frozen following a court order on Monday. He disclosed that one of the ... Read More »

The Economic and Financial Crimes Commission, EFCC has arrested Hadi Sirika, Minister of Aviation under former President Muhammadu Buhari’s administration over an ongoing N8 billion money laundering probe of Nigeria Air. Our correspondent gathered that Sirika arrived at the Federal Capital Territory Command of the EFCC at about 1:00 pm on Tuesday. Sirika is currently being quizzed by the EFCC ... Read More »

The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday, the CBN, in a circular signed by Hassan Mahmud, director, trade and exchange department, said it sold $10,000 at the rate of N1,021/$ to each BDCS. The circular titled, ‘SALE OF FX TO BDCs TO ... Read More »

As part of efforts to ensure a seamless take-off of the Lagos State Certified Accreditors Programme (CAP) in line with the recommendation of Government White Paper on the Report of the Lagos State Tribunal on the collapsed 21-floor structure at 44 B,C,D Gerrard Road, Ikoyi – Lagos, which recommended a synergy between the Public and Private sector in the built ... Read More »

Aftermath of the public outcry and publicity drawn towards the partial demolition and closure of the Ikorodu based groups of school, Saint Margaret on 27th day of March 2024 by the teams of Lagos State Building Control Agency (LASBCA). The management of the school and the authority of the building agency has finally arrived at an amicable resolutions on the ... Read More »

The legal tussle over the legality of the Economic and Financial Crimes Commission (EFCC) having the power to arraign former Kogi Governor Yahaya Bello for alleged N80.2 billion fraud will begin today at the Court of Appeal in Abuja. The News Agency of Nigeria (NAN) reports that the appellate court is expected to hear EFCC’s application seeking to set aside ... Read More »

Banks are holding a string of meetings to finalise their recapitalisation plans ahead of the April 30 deadline for the submission of their implementation strategies to the Central Bank of Nigeria (CBN). The implementation/ work plan will detail how each of the banks intends to achieve its new minimum capital requirement within the two-year timeline stipulated by the apex bank. ... Read More »