The Economic and Financial Crimes Commission (EFCC) has said it is currently working on helping six Nigerian banks recover billions of Naira stolen by hackers, who gained access to the banks’ systems. Chairman of the Commission, Mr. Ola Olukoyede, disclosed this during an interview on TVC on Sunday. While declining to mention the affected banks…
The Deputy Governor of Lagos State, Dr. Obafemi Hamzat, has lamented the excessive estimated billing by electricity distribution companies, revealing that Eko Disco issued a N29 million bill to his residence at the State House this month. Before then, he said the disco brought a N2.7 million bill to his house for electricity consumption in…
The chairman of Bariga Local Council Development Area, Kolade David has announced a change of name for eight streets and areas in Lagos State. David made the announcement on Friday, July 15, in Bariga. Speaking to members of his constituents and other officials of the council, David said the renaming of the streets and areas…
Nigeria has attracted $7.6bn in investment interests at the Africa Investment Forum 2024, held in Rabat, Morocco, from 4 to 6 December 2024. The announcement was made by the President of the African Development Bank, Dr Akinwumi Adesina, in a post on his X (formerly Twitter) account on Saturday. Adesina expressed optimism about the potential…
Osun State Governor, Ademola Adeleke, has declared that he dismantled the influence of political godfathers who previously exploited the state’s resources, ensuring that Osun’s finances are now channelled directly into development projects. Speaking in an interview with Channels TV, Adeleke disclosed that his administration’s strict financial discipline and aggressive revenue generation strategies had enabled him…
Operatives of the Federal Capital Territory Command of the Nigeria Police Force have arrested an officer of the National Drug Law Enforcement Agency (NDLEA). The NDLEA officer was arrested over allegations of attempted robbery and shooting of a Bolt driver in Abuja, Nigeria’s capital city. A security expert, Zagazola Makama, said that the NDLEA officer…
Controversial social media critic, Martin Otse, popularly known as VeryDarkMan, has responded to the Economic and Financial Crimes Commission’s invitation after he accused some of its personnel of bribery. In a video shared on his Instagram page on Wednesday, VeryDarkMan urged the EFCC to focus on investigating its officers before summoning him over allegations against…
Liberia’s Vice President, Jeremiah Kpan Koung, has praised Nigerian banks for their significant contributions to Liberia’s economic growth. Speaking at the 17th Annual Banking & Finance Conference in Abuja, Koung noted that Nigerian investors own four out of eight commercial banks in Liberia, increasing market competition and efficiency. The four Nigerian-owned banks in Liberia are…
The Attorney General of the Federation, Lateef Fagbemi, on Thursday defended the continuous stay of the Inspector General of Police, Kayode Egbetokun, in office, saying it is legal and lawful. Fagbemi, who is also the Minister of justice, disclosed this in a statement he personally signed. He said Egbetokun’s appointment which took effect from October…
The Lagos police command says it has commenced an investigation into a viral video showing officers manhandling Mercy Attababa, a female student of Lagos State University (LASU), while attempting to arrest her. In a video posted on Facebook by Obi Franklin, some men, including armed police officers, were seen trying to force the student into…