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….Agency arrests suspects in Lagos, PH, Kaduna The Economic and Financial Crimes Commission (EFCC) yesterday joined the battle to halt further depreciation of the naira against the dollar. The anti-graft agency said it had raised 14 special task forces to fish out culprits. The anti-graft agency, which announced the arrest of many racketeers in Lagos, Port Harcourt and Kaduna, said ... Read More »

A Federal High Court sitting in Lagos on Tuesday granted N30m bail to a businessman, Lanre Smith, accused of N10m fraud. Justice Ibrahim Kala granted the bail following a motion filed and argued by the defendant’s lawyer, Akin Apara. Apara who pleaded with the court to admit the defendant to bail on liberal terms stated that Smith was still presumed ... Read More »

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Alhaji Atiku Abubakar has certainly found a new hobby to keep himself busy, having failed to achieve his lifelong ambition of becoming the President of the Federal Republic of Nigeria. He is increasingly carving for himself the role of opposition-in-chief to President Bola Ahmed Tinubu and his government. However, we notice that the former Vice-President, just like in his political ... Read More »

The Federal Government and Central Bank of Nigeria (CBN) have denied reported plans to convert foreign exchange in depositors’ domiciliary account to naira. Some sections of the media reported on Saturday that the Federal Government had plans to convert the domiciliary accounts to naira as a way to strengthen the naira. But the Coordinating Minister of the Economy Wale Edu, ... Read More »

A former President of the Nigerian Bar Association, Chief Wole Olanipekun (SAN), said, on Wednesday, that former President Olusegun Obasanjo almost punched him for advising that the 1999 Constitution be amended when Obasanjo was the sitting President. Olanipekun said while delivering the Convocation Lecture of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State. The theme of the lecture was: “Mass Exodus ... Read More »

In a surprising move, foreign exchange black market operators in Abuja, including those at the bustling Wuse Zone 4 market, abruptly stopped trading on Thursday morning. They attributed their decision to instructions from their union and a significant depreciation of the Naira against the US dollar at the official market. None of the traders approached was willing to exchange foreign ... Read More »

The Police Command in Ogun has rescued nine out of the 10 members of the Peoples Democratic Party (PDP) in Lagos kidnapped by gunmen last Thursday on their way back to Lagos from Ibadan. The Commissioner of Police in Ogun, Mr Abiodun Alamutu, confirmed the release at a news briefing in Abeokuta on Monday. Alamutu named Mr Phillip Aivoji, Chairman ... Read More »

Operatives of the Nigeria Police Force, have arrested one Bello Mohammed, 28, of Zamfara state, in Kaduna, who is a member of the bandit gang that kidnapped a lawyers family in Bwari and murdered Nabeeha, one of five daughters. Force Public Relations Officer, ACP Muyiwa Adejobi made this known in a statement on Sunday in Abuja. He said, “The Divisional ... Read More »

Lagos has been ranked as the 19th best city to visit in the world, according to Time Out, a British media and hospitality company that publishes guides and magazines. Time Out said the conclusion was drawn from a survey of more than 20,000 city dwellers around the world with its network of editors. Criteria used to rate the cities include ... Read More »