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EFCC Secures Final Forfeiture of Assets Tied To Multi-Billion Naira Bank Scam

Written by Tomiwa Aboyade 11 July, 2025
In a landmark ruling aimed at curbing the proceeds of financial crimes, Justice Daniel Osiagor of the Federal High Court in Lagos on Friday ordered the final forfeiture of a sprawling array of assets, luxury vehicles, and cash —both in naira and dollars—linked to a massive fraud scheme involving the illegal diversion of funds from Union Bank customers.

Revealed: How TStv Boss, Bright Echefu, Defrauded ex-Minister Of N1bn, $1.3m

Written by Tomiwa Aboyade 11 July, 2025
Details have emerged on how Bright Echefu, CEO of Telecom Satellites Limited, TStv, allegedly defrauded Mr. Tanimu Turaki, a former Minister of Special Duties and Inter-Governmental Affairs, of N1 billion and $1.3 million under the guise of an investment scheme.

Court awards £1m damages against Union Bank over ‘illegal’ £130.7m deduction from NICON’s account

Written by Tomiwa Aboyade 10 July, 2025
Union Bank of Nigeria is currently entangled in a legal battle after a Lagos State High Court nullified its deduction of £130,720,557.06 from the account of NICON Investment Limited over an alleged debt.

Dangote Refinery reduces fuel price again, ex-depot price now N820 per litre

Written by Tomiwa Aboyade 08 July, 2025
Dangote Refinery has again within a week interval reduced its ex-depot the price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately.

Union Bank Strengthens Public-Private Partnership at Maiden International Civil Service Conference

Written by Tomiwa Aboyade 08 July, 2025
Union Bank, one of the nation’s most respected financial institutions,reinforced its commitment to national progress as a proud partner of the inaugural International Civil Service Conference held on June 25 and 26, 2025 at the Eagle Square Arena, Abuja

Aviation Minister Inaugurates Enugu Air's Maiden Flight, Commends Gov. Mbah's Visionary Investment

Written by Tomiwa Aboyade 07 July, 2025
In a historic moment for Nigeria’s aviation sector and regional air connectivity, the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo SAN, CON, FCIArb (UK), today inaugurated the maiden flight of Enugu Air, a state-owned carrier established by the Enugu State Government under the leadership of His Excellency, Dr. Peter Ndubuisi Mbah.

Zenith Bank Promises Investors Smooth Exit from CBN Regulatory Forbearance by June 30, Reaffirms Commitment to Ongoing Dividend Payments

Written by Kunle Awosika 19 June, 2025
Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025.

Alleged $12m fraud: Court fixes date for arraignment of SunTrust Bank CEO

Written by Kunle Awosika 28 May, 2025
The Federal High Court in Abuja has fixed June 4 for the arraignment of Halima Buba, Managing Director/Chief Executive Officer (CEO) of SunTrust Bank Ltd, over alleged money laundering to the tune of 12 million U.S dollars.
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