The Federal High Court in Lagos, granted bail in the sum of N2m to up-and-coming musician, Azeez Fashola, alias Naira Marley, who was arraigned on cyber fraud charges. Justice Nelson Oweibo granted the bail to the defendant with two sureties in like sum. The judge said one of the sureties …
Read More »Malaysian arraigned for attempting to defraud Polaris Bank of €250m
The Economic and Financial Crimes Commission, arraigned a Malaysian, Tan Richard, before a Lagos State Special Offences Court in Ikeja for allegedly attempting to defraud Polaris Bank of €250m. Richard was arraigned alongside his company, Coastal Asia Investments Limited, on five counts bordering on forgery, intent to defraud and use …
Read More »Tribunal dismisses petition against Wike’s re-election
The Rivers State Governorship Election Petitions Tribunal on Wednesday dismissed the petition filed by the governorship candidate of the Labour Party, Isaac Wonwu, against the re-election of the state Governor, Nyesom Wike. The tribunal’s chairman, Justice O.K. Kaigama, dismissed the petition based on an application for its withdrawal filed by …
Read More »New NFIU regulations, wrong approach
With a welter of new regulations, which are set for implementation any minute now, the Nigerian Financial Intelligence Unit has reopened the debate about the true essence of local government administration in the country. In line with this, the NFIU has introduced fresh guidelines, which it claims are targeted at …
Read More »EFCC witness contradicts self in Fayose’s trial
The Economic and Financial Crimes Commission (EFCC) suffered a set back in the on-going trial of immediate past governor of Ekiti, Ayodele Fayose, over alleged N6.9 billion fraud, as its prosecution witness contradicted self during proceeding. The witness, Adewale Aladegbola Clement, a driver for a new generation bank in Ado-Ekiti …
Read More »PRAWA begs Federal Government to review criminal laws
PRISONERS’ Rehabilitation and Welfare Action, PRAWA, has called on governments to review its criminal laws to stop jailing people for petty offences. The group made this call in Enugu following a baseline survey it conducted in the four pilot states; Abia, Lagos Enugu, Kano and FCT, saying that there are …
Read More »Omatseye led me into Politics – James Ibori
The former governor of Delta State, James Ibori, , has described the late Industrialist, late Kenekueyero Omatseye as one man who led him into politics. Ibori who was at the Omatseye Villa, to pay his condolence visit on the demise of the Patriarch of the family, Sir KB, Omatseye said …
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