The Economic and Financial Crimes Commission has secured the conviction of 30 internet fraudsters in Ibadan, Oyo State, with various sentences handed down by Justices Ladiran Akintola, Adebisi Adetujoye, and K.B. Olawoyin of the Oyo State High Court. According to a statement by the EFCC on Wednesday via X, the convicts were prosecuted on separate…
The World Bank Group Finances has disclosed that the Nigerian government is still repaying $10.6billion in loans taken by former presidents. The loans totalling 69 were obtained during the administrations of former Presidents Olusegun Obasanjo, the late Umaru Musa Yar’Adua, and Goodluck Jonathan. The Debt Management Office (DMO) had in June 2024 reported that as…
The Personal Assistant to the President on Constituency Affairs, Hon. Khadijat Omotayo Kareem paid a courtesy visit to the Accountant General of the Federation (AGF), Mrs. Oluwatoyin Madein, to discuss key initiatives aimed at supporting President Bola Ahmed Tinubu’s Renewed Hope Agenda. During the meeting, Hon. Kareem highlighted her office’s nationwide engagement with critical stakeholders…
Two Ugandan TikTok users, 21-year-old David Ssengozi, known as Lucky Choice, and 28-year-old Isaiah Ssekagiri, have been remanded to Kigo prison on charges of insulting President Yoweri Museveni, First Lady Janet Museveni, and Gen Muhoozi Kainerugaba. Magistrate Stella Maris Amabilis ordered their detention until 13 November, when they will make an initial court appearance, BBC…
Two persons have been shot dead in a communal clash between indigenes of Owake and Ebo communities in the Akoko Southwest Local Government Area of Ondo State. Daily Trust also learnt that properties worth millions of naira were destroyed in the violent clash, which occurred between youths of the communities over the weekend. A source…
Apple has officially unveiled the iPhone 16e, expanding its iPhone 16 lineup with a more affordable yet feature-rich option. Priced at $599, the iPhone 16e offers a blend of modern design and advanced technology, making it an attractive choice for a broader audience. This is according to February 19 release on the Apple news website…
President Bola Tinubu says the removal of subsidy on premium motor spirit (PMS), also known as petrol, is designed to free up budgetary resources for critical investments. Tinubu spoke on Tuesday during the 17th annual Chartered Institute of Bankers of Nigeria (CIBN) banking and finance conference in Abuja. He was represented by Vice-President Kashim Shettima….
President Bola Tinubu has written to the National Assembly, seeking approval for a fresh N1.767 trillion external borrowing plan to part-finance the budget deficit of N9.7 trillion for the 2024 budget. The Nigeria’s growing foreign debt obligations have been of concern lately, and this has been exacerbated by the liberalization of exchange rates, making loan…
The Inspector-General of Police (IGP) Kayode Egbetokun warned on Saturday against the unauthorised distribution of palliatives and funfairs across the country. Egbetokun raised serious concerns about the disorganised distribution of palliatives and relief items during this festive period. This trend, he said, is worrisome and calls for urgent action to save the lives of citizens,…
A 33-year-old Nigerian man, Babatunde Francis Ayeni, has been sentenced to 10 years in a U.S. federal prison for his involvement in a large-scale cyber fraud conspiracy. The scheme, which targeted over 400 individuals across the United States, resulted in a collective loss of nearly $20 million. The U.S. Attorney’s office in a statement said…