The trial of former Lagos Attorney-General (AG) Olasupo Shasore (SAN) suffered a setback yesterday at an Ikeja Special Offences Court, due to disagreement over services of documents from prosecution to defence. Shasore is facing charges of alleged $200,000 corrupt offers at a Lagos State Special Offences Court before Justice Mojisola Dada. The Economic and Financial Crimes Commission (EFCC) on October ... Read More »

The Federal High Court sitting in Lagos Monday granted an order of interim forfeiture of N725,345,897.77 and Plot J 37A 218 Close, 2nd Avenue, Banana Island, Ikoyi, Lagos, allegedly diverted from the Nigerian Maritime Administration and Safety Agency (NIMASA). Justice Tijjani Ringim made the order sequel to a motion ex parte filed and argued by Economic and Financial Crimes Commission ... Read More »

….To Actively Support Stakeholders ​ Ecobank Nigeria in collaboration with Lagos Chamber of Commerce and Industry (LCCI), has provided insights into the various financing options available for exporters, regulatory frameworks, and the role of public and private sector institutions in promoting exports businesses. President, LCCI, Asiwaju Dr Oladele Cole said breaking barriers to export finance is critical to stakeholders in ... Read More »

…The phone conversation has generated mixed reactions with many Nigerians. The Labour Party (LP) has confirmed the leaked phone conversation between its presidential candidate in the 2023 general elections, Peter Obi and the founder of the Living Faith Church Worldwide, Bishop David Oyedepo, in which Obi described the presidential election as a “religious war.” In an audio phone conversation between ... Read More »

The Lagos State government said it has not abolished all Eze Ndigbo titles in the state at present, describing the reports making the rounds as “April fool.” The clarification came following viral reports on social media on Saturday that the state government has abolished Eze Ndigbo titles in Lagos. This came on the arrest of Eze Ndigbo, Ajao Estate of ... Read More »

…​ ​Appointments of Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director also approved by the CBN Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the Central ... Read More »

Union Bank of Nigeria has signed a commercial partnership agreement with Choice International Group (CIG) Motors Limited, a member of CIG Group of Companies, to provide auto financing services to the Bank’s customers on purchase of GAC range of cars, through its asset finance loan scheme. The deal, which was recently signed at Stallion Plaza, Union Bank’s head office in ... Read More »

Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. While we will not be able to offer further comments as the matter is sub-judice, suffice it to say that the basis of the charge is a spurious allegation made by a delinquent debtor with the intention of embarrassing the Bank and ... Read More »

The Code of Conduct Bureau (CCB) is set to commence investigations into a petition against former Vice President, Atiku Abubakar for allegedly using the Special Purpose Vehicle (SPV) to divert fund between 1999 and 2007. Recall that the Minister of State for Labour and Employment, Festus Keyamo, submitted the petition against Atiku in the build-up to the just-concluded presidential poll. ... Read More »

Former Foreign Affairs Minister Prof. Bolaji Akinyemi has said he was not responsible for a letter to President Muhammadu Buhari calling for the arrest of President-elect Bola Tinubu. He said the seditious letter was embarrassing to him and his associates. The retired university don had received calls from home and abroad about the fake news, which has exposed the negative ... Read More »