Governor Babajide Sanwo-Olu of Lagos State on Wednesday approved the construction of First Bank’s 43-storey building headquarters within the Eko Atlantic City. Sanwo-Olu, while presenting the certificate of approval to First Bank, commended the effort of the management of the bank toward sustaining the bank’s legacy over the years. He gave the commendation during the groundbreaking ceremony of First Bank’s ...
Personnel of the Nigerian Military invaded the offices of electricity distribution company Ikeja Electric in Lagos State. It was gathered that the personnel in uniform forced their way into the Ikeja Electric office on Ago Palace Way, Okota, Isolo, Lagos. Videos obtained by our correspondent showed military personnel wielding arms and effectively crippling operations in the electricity distribution company. More ...
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says a former Naval Chief, Vice Adm. Jibrin Usman is still on its wanted list. Also on its wanted list is retired Brig.-Gen. Ishaya Bauka. A statement by the ICPC Spokesperson, Demola Bakare, on Friday in Abuja said the duo were wanted over alleged N3bn fraud. Bakare said that there ...
Justice Rosemary Dugbo Oghoghorie of the Federal High Court sitting in Calabar has convicted and sentenced the Chief Executive Officer, Micheno Multi-purpose Cooperative Society, Uno Michael Eke to 1-year imprisonment for conspiracy, obtaining property by false pretence and money laundering to the tune of N2bn (Two Billion Naira). He was jailed after pleading guilty to four-count amended charges preferred against him by the ...
The Nigeria Deposit Insurance Corporation (NDIC) said that it has successfully and transparently auctioned the defunct Heritage Bank’s assets which included landed properties and chattels . Its Managing Director, Bello Hassan, made the disclosure during the corporation’s special day at the ongoing 46th Kaduna International Trade Fair, Kaduna. He said that the auction was in line with its statutory mandate ...
The police has arraigned a Lagos-based legal practitioner, Chinwe Onuoha, and a company, Eihcrim Nigeria Ltd, for allegedly uttering false document to defraud Bank of Industry. Onuoha and the company were arraigned before an Ikeja High Court on a 12-count charge bordering on forgery, fraud, conspiracy and uttering false documents. The defendants pleaded not guilty to the charge. Following the defendants’ ...
Justice Rahman Oshodi of a Lagos Special Offences Court, Ikeja has ordered forfeiture of 6.3 billion units of ordinary shares of Keystone Bank Limited, valued at N1.00 each, to the Federal Government of Nigeria. The judge order yesterday after Sigma Golf Nigeria Limited, represented by its Chairman, Umaru Hamidu Modibbo, pleaded guilty to the fraudulent conversion of N20 billion belonging ...
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of Mr. Mohammed Idris, a supervisor at the Hajj and cargo terminal gate of the Murtala Mohammed International Airport, Lagos, for making false returns and corrupt self-advantage. In a case brought before Justice O.A. Fadipe of the Ikeja Special Offenses Court, ICPC revealed how the accused ...
The House of Representatives committee on Public Petitions has summoned Mr. Ifeanyi Emenike of FGlobal Properties Limited for allegedly indulging in land grabbing and sponsorship of violence. Emenike is to appear before the committee on January 30 to answer charges on the alleged committal of the infractions. Acting on a petition filed by Collins Adele, on behalf of 23 allottees ...