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EFCC: Majority of Financial Crimes in Nigeria Linked to Banks
The Economic and Financial Crimes Commission (EFCC) has disclosed that approximately 70 percent of financial crimes in the country are connected to banks.
This disclosure came during the address by the Chairman of the EFCC, Ola Olukoyede, at the … Continue Reading
Agricultural Minister, Abubakar Kyari to Distribute 42,000 Metric Tons of Grains Nationwide
Agricultural Minister, Abubakar Kyari Assures Swift Action Amidst Food Security Concerns
In response to the growing concerns over food security and recent incidents of food warehouse looting across the nation, the Minister of Agriculture and Food Security, Senator Abubakar … Continue Reading
EFCC Reveals Banks Linked to 70% of Financial Crimes in Nigeria
In a startling revelation, the Economic and Financial Crimes Commission (EFCC) disclosed that banks are implicated in approximately 70% of financial crimes in Nigeria.
This disclosure was made by the EFCC Chairman, Ola Olukayode, during the 2023 Annual Retreat and … Continue Reading
Peter Obi Expresses Disheartenment Over Ukraine’s 25,000 wheat Donation to Nigeria
Peter Obi has expressed his disheartenment over the donation of 25,000 tonnes of wheat to Nigeria by the Ukrainian government.
Ukraine government had last week announced the donation of 25,000 tonnes of wheat to Nigeria, a development which has stirred … Continue Reading
NCC Explains Barred SIM Cards Amid NIN-SIM Linkage Deadline
The Nigerian Communications Commission (NCC) has shed light on the recent barring of mobile lines belonging to subscribers who previously linked their SIM cards to their National Identification Numbers (NINs).
NCC headquarters
Speaking on Channels Television’s The Morning Brief program, … Continue Reading
Akwa Ibom State Government to Establish Redemption Centers for Food Vouchers
Initiative Aims to Combat Middlemen Exploitation and Soaring Food Prices
In a bid to alleviate the hardship faced by citizens due to escalating food prices, the Akwa Ibom State government has announced plans to introduce redemption centers where registered vendors … Continue Reading
Former Anambra State Governor, Willie Obiano Challenges Jurisdiction in N40 Billion Fraud Trial
Former Anambra State Governor, Willie Obiano, facing charges of embezzlement amounting to N40 billion, has contested the jurisdiction of the Federal High Court in Abuja to try him for alleged fraud crimes committed within Anambra State.
Obiano, represented by … Continue Reading
CBN Raises N1.053 Trillion in Government Securities Sale
The Central Bank of Nigeria (CBN) has concluded the sale of government securities, raising a total of N1.053 trillion (equivalent to $680 million) in short-term instruments. The sale, part of the bank’s liquidity management exercise, saw overwhelming demand, with the … Continue Reading
Transcorp Power Plc Lists on Nigerian Exchange
Transnational Corporation (Transcorp) Plc has announced the listing of its subsidiary, Transcorp Power Plc, on the Main Board of the Nigerian Exchange (NGX). The listing, conducted through introduction, underscores Transcorp’s commitment to creating value for the Nigerian public … Continue Reading
Ondo State Governor Approves N1.2bn Grant for Olusegun Agagu University
Governor Lucky Aiyedatiwa of Ondo State has announced the approval of a N1.2 billion grant for Olusegun Agagu University of Science and Technology, Okitipupa (OAUSTECH). The grant is intended to facilitate the completion of several abandoned projects on the university … Continue Reading