By Seun Ibiyemi The Economic and Financial Crimes Commission (EFCC) has commenced investigation into a suspect, Haruna Yusuf, and multiple foreign currencies worth $73,300, £15,957 and 827,800 Saudi Riyals intercepted by the Nigeria Customs Service (NCS) at the Mallam Aminu Kano International Airport (MAKIA). The suspect and the currencies were handed over to the Kano…
Former Vice-President Atiku Abubakar has accused the administration of President Bola Ahmed Tinubu of worsening Nigeria’s refinery challenges, arguing that the President can no longer attribute the problems in the petroleum sector to previous governments. Atiku, the presidential candidate of the African Democratic Congress (ADC), made the allegation in a statement issued on Sunday by…
The Economic and Financial Crimes Commission (EFCC) has secured the recovery of $60 million from Nestoil Limited as part of its ongoing investigation into alleged criminal aspects of transactions involving the company and a consortium of lenders. The recovery followed a meeting convened and chaired by EFCC Chairman, Olanipekun Olukoyede, where Nestoil Limited and the…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) recorded a significant rise in interest income in the first quarter of 2026, as higher interest rates and growth in its earning assets continued to strengthen the group’s interest-driven revenue. GTCO’s interest income rose to N467 billion in Q1 2026, from N77.04 billion recorded in the…
The Nigerian Exchange Limited (NGX) has commenced the implementation of a revised pricing methodology that significantly reduces the volume of shares required to trigger price movements in some of the market’s most expensive equities. The new framework, which takes effect from Monday, August 17, 2026, introduces a three-tier system based on the prevailing price of…
President Bola Ahmed Tinubu, former Vice President Atiku Abubakar and Labour Party presidential candidate Peter Obi have congratulated Osun State Governor, Ademola Adeleke, on his victory in the August 15 governorship election. Tinubu, in a statement issued on Sunday by his Special Adviser on Information and Strategy, Bayo Onanuga, said Adeleke’s victory reflected the confidence…
Osun State Governor Ademola Adeleke has dismissed reports of any political agreement with President Bola Ahmed Tinubu, saying his support for the President ahead of the 2027 elections is based partly on his Yoruba identity and the projects being executed by his administration. Adeleke made the clarification during an interview on Sunday Politics while discussing…
Former Kaduna State Governor Nasir El-Rufai has filed a fresh N10 billion fundamental rights suit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC), alleging that his wife and son were prevented from visiting him while in custody. The suit, filed before the Federal High Court in Abuja on August 13, 2026, seeks…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has called on the Independent National Electoral Commission (INEC), Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) to jointly investigate alleged cases of vote-buying, electoral violence, intimidation and illegal financing during the 2026 Osun State governorship election….
By Seun Ibiyemi The National Drug Law Enforcement Agency (NDLEA) has arrested a 48-year-old businessman, Nwankwo Innocent Onyebuchi, with 1.55kg of cocaine concealed in the walls and railings of his travelling bag at the Murtala Muhammed International Airport (MMIA), Lagos. Nwankwo, a marble dealer in Lagos, was arrested at Terminal II while attempting to board…
