The Economic and Financial Crimes Commission (EFCC) yesterday said it has uncovered plans by some politically exposed persons (PEPs) to flee the country after their tenure on May 29. The PEPs include governors, ministers and political appointees under watch. The commission again faulted Governor Bello Muhammed Matawalle over alleged $2 million bribe demand linked to its Chairman, Abdulrasheed Bawa. It ... Read More »

President-elect, Asiwaju Bola Tinubu on Saturday returned to the country after a 10-day trip to Europe ahead of his inauguration on May 29. Tinubu had on May 10 left the country, just two weeks after he returned to the country from a three-country tour which saw him visiting London, Saudi Arabia and Paris. He was received at the Nnamdi Azikiwe ... Read More »

The Presidential Election Petition Court, sitting in Abuja, has disclosed its intention to consolidate the three different petitions that are seeking to nullify the outcome of the 2023 presidential election. Consequently, the court, at its resumed proceedings on Saturday, said it was empowered by Paragraph 50 of the First Schedule to the Electoral Act, to merge all the petitions and ... Read More »

The Board of Trustees, SAIL Foundation, has officially launched the SAIL Innovation Lab facility in Ikorodu, Lagos State on Friday. The facility, which provides in-demand tech skills to motivated youths within the senatorial district, is an initiative by Senator Mukhail Adetokunbo Abiru and his wife, Mrs. Feyisola Abiru.  In attendance at the official commissioning of the facility were prominent personalities ... Read More »

A former president of the Nigerian Bar Association, Olisa Agbakoba, has said there is no constitutional process to delay the presidential inauguration on May 29. Requests to stop the swearing-in of the president-elect, Bola Tinubu, became rife after he emerged as the winner of the February 25 presidential election. This is as the presidential candidate of the Peoples Democratic Party, ... Read More »

Wema Bank, the leading innovative bank in Nigeria, has announced the launch of its flagship capacity-building programme for small and medium-sized enterprises (SMEs) in Nigeria – the Wema SME Business School 5.0. The programme aims to equip SME business owners and entrepreneurs in Nigeria with the necessary skills and knowledge to succeed in business. The Wema SME Business School 5.0, ... Read More »

Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in the light of the current state of the nation’s economy. This was the submission of panelists at the webinar titled: Maximising your income: the power of diversification, organized by Ecobank Nigeria as part of its commemoration of this ... Read More »

Shareholders of Guaranty Trust Holding Company (GTCO) Plc, have endorsed the payment of a total dividend of N91.236 billion, representing N3.10 per share for the financial year ended December 31, 2022.This endorsement was made at the holding company’s second annual general meeting held on Thursday, virtually.The Group proposed a final dividend of N2.80 per unit of ordinary share held by ... Read More »

Operatives of the Lagos Police Command have arrested Afrobeats singer, Seun Kuti, over weekend’s alleged assault on an Inspector. Kuti drew the wrath of the police and majority of Nigerians following viral video footage him physically assaulting a policeman on Third Mainland Bridge, Saturday. The singer whose immediate arrest was ordered by the Inspector General of Police (IG) Alkali Usman, ... Read More »

Electricity Distribution Companies (DisCos) have been barred by the Nigerian Electricity Regulatory Commission from billing already disconnected customers. The ban is contained in a March 2023 document by NERC Chairman, Sanusi Garba which our correspondence obtained yesterday. In the document titled “Customer Protection Regulation 2023,” the commission said that DisCos can only bill customers when they are reconnected. Newsthumb recalls ... Read More »