BVN responsible for rise in unclaimed dividends, says SEC

August 15, 2021 Segun Odunewu 0

The Security and Exchange Commission, SEC, has blamed the rise in unclaimed dividends from N158 billion in 2018 to N170 billion in 2021 to the introduction of the Bank Verification Number, BVN, which sought to link actual names to bank accounts. The Director General of SEC, Mr. Lamido Yuguda, who disclosed this at a virtual post Capital Market Committee, CMC, Read More

No plot to unseat Buni, ex-PDP guber candidate denies court case

August 13, 2021 Bode Olagoke 0

The Yobe state governorship candidate of the Peoples Democratic Party (PDP) in the 2019 election, Ambassador Umar Ilya Damagum has denied knowledge of any court process allegedly instituted with the aim of sacking the governor of Yobe state, Mai Mala Buni from office.  In the alleged suit filed at the Federal High Court Abuja on Thursday, the plaintiffs allegedly argued Read More

Leave Abba Kyari alone

August 8, 2021 Admin III 0

It is no longer news that the celebrated super cop and erstwhile head of the Intelligence Response Team, Abba Kyari, has been suspended by the Police Service Commission to pave the way for investigation of bribery allegations against him by the notorious internet fraudster, Hushpuppi.  Abba Kyari has been declared wanted by the US Federal Bureau of Investigation (FBI) for Read More

Unity Bank unveils new code to combat e-banking fraud

August 4, 2021 Amaka Ifeakandu 0

In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking fraud. The new code which is 77999*phone number # allows customers to block access to their Bank Accounts, hence without Read More

Breaking – ‘Bribery’: Embattled Super Cop, Abba Kyari, faces suspension from Police

August 1, 2021 Admin III 0

The embattled Deputy Commissioner of Police (DCP) Abba Kyari has been recommended for immediate suspension from the country’s Police force following a multi-million dollar bribery alleged levelled against him. The Inspector General of Police (IGP) Usman Baba gave the recommendatiom pending the outcome of an ongoing internal investigation involving him. The IGP, in his letter to the Police Service Commission, Read More

How Buhari’s govt fighting corruption through policies – APC group

July 14, 2021 Bode Olagoke 0

A think-tank group of the ruling All Progressives Congress (APC) under the aiges of APC Legacy Awareness and Campaign (APC-LAC) said that President Muhammadu Buhari-led administration has deployed several policies in waging war against corruption in the country. The group said contrary to the assumptions that the administration’s anti-corruption strategy is limited to arrests and prosecutions of offenders, it has Read More

NSCDC boss sets up panel to probe fake employment scam

July 5, 2021 Bode Olagoke 0

The Commandant General of Nigeria Security and Civil Defence Corps (NSCDC) Ahmed Audi, has set up a committee of enquiry to investigate the individuals or group of persons behind the fake 2019/2021 replacement and recruitment supplementary list currently in circulation on social media. A statement released by the Corps director of public relations, Olusola Odumosu, Monday in Abuja, said the Read More

NSITF faces Senate panel over ‘N61.1bn fraud’

June 15, 2021 Taiye Odewale 0

Top officials of the Nigeria Social Insurance Trust Fund (NSITF), are to appear before the Senate Committee on Public Accounts Tuesday over alleged diversion and financial mismanagement of N61.1billion. Appearance of the NSITF officials before the Senator Mathew Urhoghide-led committee over the alleged financial mismanagement, is sequel to 2018 Audit Report which indicted the agency. The Auditor General of the Read More

NAHCON cautions intending pilgrims on fraudsters

May 28, 2021 Benjamin Samson 0

The National Hajj Commission of Nigeria (NAHCON) has advised intending pilgrims to be on alert in order not to fall victims of fraudsters advertising Hajj slots for this year’s hajj. The Commission’s chairman and chief executive officer, Alhaji Zikrullah Hassan, gave the warning in a statement issued Friday in Abuja by the head of public affairs, Mrs. Fatima Sanda Usara. Read More

EFCC arrests 34 suspected internet fraudsters in Osogbo

May 19, 2021 Bayo Agboola 0

Operatives of the Economic and Financial Crimes Commission, (EFCC) Ibadan zonal office, in the early hours of Tuesday arrested 34 suspected internet fraudsters. The EFCC said the arrested suspects, including a former soldier, Adebisi Jamiu, were picked up in different locations in Osogbo, the Osun state capital. EFCC stated  that the 22-year-old former soldier as well as the other suspects Read More

Senate tackles National Lottery Trust Fund over N7bn fraud

May 18, 2021 Admin III 0

The Senate through its Committee on Finance, has accused management of National Lottery Trust Fund (NLTF) of N7billion fraud. The committee chaired by Senator Olamilekan Adeola (APC Lagos West), leveled the accusation against the agency on Monday in Abuja at its ongoing investigation into remittances of MDAs between 2014-2020 and payment of 1 % stamp duty on all contract awards Read More

PDP NEC passes vote of confidence on Secondus, others

April 29, 2021 Abdulrahman Zakariyau 0

The National Executive Committee (NEC) of the Peoples Democratic Party (PDP) has passed a vote of confidence on the Prince Uche Secondus led National Working Committee (NWC). In recent times, there have been calls for the resignation of the embattled PDP Chairman. Only last Monday, the former Edo State Commissioner of Information, Prince Kauaim Afegbau petitioned the Economic Financial Crime Read More

EFCC arrests 5 ‘internet fraudsters’ in Ibadan

April 23, 2021 Bayo Agboola 0

The Economic and Financial Crimes Commission (EFCC) Ibadan Zonal Office on Friday arrested five suspected Internet fraudsters in Ibadan. The Commission in a statement in Ibadan said among the arrested suspects is one Ayomide Samuel Adebowale who trades in Bitcoin for his alleged involvement in cyber crimes. Others arrested alongside Adebowale were Philip Gabriel, Mayowa Jolaoso Segun, Babatunde Segun Adeyinka Read More

Bobboi and his exploits at PEF(M)B

March 30, 2021 Toby Prince 0

One of the thriving industries in Nigeria today is hypocrisy, and leaders who walk on that path are seen as heroes. In this clime, refusal to compromise standard and firm embrace of tenets of integrity by being brutal with the truth, firm in honesty and courageous in justice always attract opposition and in some cases violent attack by the ill Read More

Jailed Professor didn’t work for me or APC, Akpabio blasts PDP

March 27, 2021 Bode Olagoke 0

The Minister of Niger Delta Affairs, Senator Godswill Akpabio has said that the claim by the Peoples Democratic Party that the jailed Electoral Officer Prof Peter Ogban was convicted for allegedly rigging an election in favour of the All Progressives Congress and Senator Akpabio is spurious, unfounded and malicious. Akpabio was reacting to the news making the rounds about a Read More

SERAP sues NASS over ‘missing N4.4bn funds’, Senate probes N2.8bn unaccounted service wide vote

  The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit seeking to compel Senate President Ahmad Lawan and Speaker  House of Representatives Femi Gbajabiamila to urgently probe and recover a purported missing N4.4billion public fund appropriated to the National Assembly. The organisation, in the mandamus application lodged at the registry of the Federal High Court Abuja, said it Read More

$1.5bn P/Harcourt refinery rehabilitation suspicious – Atiku

March 19, 2021 Abdulrahman Zakariyau 0

Former Vice President Atiku Abubakar has described the $1.5 billion approved by the federal government towards the rehabilitation of the Port Harcourt refinery as suspicious. The Federal Executive Council (FEC) on Wednesday approved the $1.5 billion to put the Port Harcourt refinery back to full capacity production and utilisation. Reacting to this, Atiku in a statement, Thursday said “Nigeria’s economy Read More

Magu: Court restrains EFCC from harassing, arresting Ozekhome

March 18, 2021 Kehinde Osasona 0

A federal high court in Abuja, has restrained the Economic and Financial Crimes Commission (EFCC), from inviting, harassing and threatening to arrest or detain a constitutional lawyer, Chief Mike Ozekhome, SAN. Ozekhome allegedly incurred the agency’s wrath for criticising its former Acting Chairman, Ibrahim Magu. But in a judgment on delivered on Thursday by Justice Inyang Ekwo, he held that Read More

Alleged N1.3m fraud: Painter, 35 arraigned in court

March 15, 2021 Kehinde Osasona 0

Aliyu Abubakar, a 35-year-old painter was Monday arraigned in a Wuse Zone 6 Chief Magistrates’ Court, Abuja, for allegedly defrauding a customer of N1.3 million. Abubakar of Abaji by Pipe Line, FCT, Abuja, was charged with criminal breach of trust and cheating by the police. The Prosecution Counsel, Kufreabasi Ebong, told the court that the complainant, Saleh Mustapha, reported the Read More

Stop the exploitation

March 11, 2021 Admin III 0

The continuous exploitation of the residence of Umuolu/Ogbe-Ofu Area of Ogwashi-Ukwu community in Aniocha South LGA of Delta state is no longer acceptable because it is nothing but fraud to be asking people to pay for services they do not use. These areas barely see power supply for two days in a week yet Benin Electricity Distribution Company keeps bringing Read More

NIMC sacks staff for unprofessional act, wants Nigerians to report extortion, other vices

March 11, 2021 Ayoni M. Agbabiaka 0

The National Identity Management Commission (NIMC) has tasked Nigerians to report any act of extortion and other vices by its staff at any National Identity Number enrolment centre. Director-general of NIMC Engr. Aliyu Aziz in a statement signed by head, corporate communications Kayode Adegoke said, ”The Commission, recently, suspended some staff and terminated the appointment of a few others who Read More

CNL decries circulation of false recruitment, contract information

March 11, 2021 Benjamin Umuteme 0

Chevron Nigeria Limited (CNL), has disassociated itself from false recruitment and contract information been circulated by unscrupulous individuals. A statement by General Manager, Policy, Government & Public Affairs, Esimaje Brikinn insisted that the company does not solicit job applications or initiate recruitment processes through emails, posters, handbills, text messages, social media or phone calls. “Chevron Nigeria Limited (CNL), operator of Read More