Court Remands Refinery MD In Kuje Correctional Centre Over Alleged $35m Fraud 

The Economic and Financial Crimes Commission, on Monday, December 23, 2024, arraigned the Managing Director of Atlantic International Refinery and Petrochemical Limited, Akindele Akintoye at the Federal High Court, Abuja, over an alleged $35 million fraud. He was arraigned before Justice Emeka Nwite on charges bordering on money laundering and contract fraud. On October 31,…

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USSD Charges: Telcos Threaten To Withdraw Services Over Banks’ Misinformation

The telecom operators in Nigeria, including MTN Nigeria, Airtel, Globacom and 9Mobile have threatened to withdraw network support for banks’ Unstructured Supplementary Services Data, USSD, following what they described as gross misinformation of subscribers on the mode of deduction for transaction fees. USSD, commonly known as ‘bank transfers’, is done through short codes on mobile…

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