Oba Otudeko, a former chairman of the First Bank of Nigeria (FBN), has reportedly left Nigeria. His departure comes in the wake of his imminent arraignment by the Economic and Financial Crimes Commission (EFCC) on a 13-count charge of alleged fraud. It was gathered that the businessman left the country via one of the land…
By Paul Olayemi A 23-year-old man, Prince Nyerovho, has been arrested in Sapele, Delta State, for allegedly stabbing his 65-year-old father to death after consuming a synthetic drug known as “Colorado.” The tragic event, which occurred on Sunday in the Amukpe area, has left the community in shock. According to family sources, Prince has a…
Mudashiru Obasa, speaker of the Lagos State House of Assembly, has been impeached by the members of the House. Obasa was subsequently replaced by his deputy, Hon. Lasbat Meranda, who represents Apapa Constituency 1. Obasa who is representing Agege State Constituency 1 in the house was removed from his position over allegations of gross…
Naomi Silekunola The Oyo State Government has filed eight counts, bordering on murder and manslaughter against the ex-queen of the Ooni of Ife, Naomi Silekunola, the proprietor of an Ibadan-based radio station, Oriyomi Hamzat, and the Principal of Islamic High School, Bashorun, Ibadan, Abdulahi Fasasi, over the December 18, 2024 funfair stampede, during which 35…
The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers in Lagos State to fulfill their statutory obligation to file annual tax returns for the 2024 financial year on or before January 31, 2025. This requirement is in line with the Personal Income Tax Act (PITA) Cap P8 LFN 2004…
Nigerian National Petroleum Company Limited Amid its controversial financial dealings that have negatively impacted the nation’s financial standing, the Nigerian National Petroleum Company Limited has been accused by the Auditor-General of the Federation of diverting a total sum of N2.68tn and $9.77m in the last four years. Findings by Sunday PUNCH using the Auditor-General’s annual reports published…
The Economic and Financial Crimes Commission said it has detained 10 officers over the alleged theft of operational items they could not account for. In a statement on Wednesday, the EFCC’s Head of Media and Publicity, Dele Oyewale, said the arrests followed directives from the Executive Chairman, Ola Olukoyede. While the statement was silent on…
Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the…
Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission, aims to address rising operational costs, including inflation and increased service delivery expenses. The disclosure was made by the Chief Executive Officer, MTN Nigeria, Karl Toriola,…
Obasanjo Former President Olusegun Obasanjo has revealed new details about Nigeria’s refinery woes, recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management. In an exclusive interview with Channels TV on Thursday, Obasanjo discussed the Port Harcourt, Warri, and Kaduna refineries during his presidency. He explained how he sought…
