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The Federal High Court in Port Harcourt, Rivers State, has fixed a hearing for June 28 on various motions in a case seeking the removal of Speaker Martins Amaewhule and other House of Assembly members following their widely publicized defection to the All Progressives Congress (APC). Despite a petition by Amaewhule to Chief Judge John […]

In a harrowing account of injustice within the Nigerian criminal justice system, Lukman Adeyemi recounts his 24-year ordeal behind bars, a consequence of a misguided act of loyalty towards a friend. His narrative sheds light on the flaws and injustices prevalent within the system, leading to prolonged and unjust incarceration. Adeyemi describes his initial encounter […]

Chaos ensued at Goodwill Private Schools Limited in Ikorodu, Lagos on Monday, June 24, as officials from the Economic and Financial Crimes Commission (EFCC) conducted a sudden raid, leading to the apprehension of the school’s principal, Olufemi-King Saidat, and staff member Collins Success Omodekah. The school’s solicitor, Benson Enikuomehin, stated that the raid was carried […]

The FCT Police Command has arrested four suspects over the killing of Army Brigadier General Uwem Udukwere in Abuja Sunshine Estate. The FCT Commissioner of Police, Benneth Igweh, said two of the robbers, now at large, went away with the pistol of the retired general. He declared the robbers wanted and vowed to get them. […]

A Federal High Court in Abuja has struck out a 24-count amended money laundering charge brought against Abiodun Agbele, an aide to the former governor of Ekiti state, Ayodele Fayose. Agbele was tried with three others, in a charge filed by the Economic and Financial Crimes Commission (EFCC). In an initial 11-count charge, the EFCC […]

A High Court Judge, Justice Haruna Mshelia, his wife, driver and orderly were abducted by the Boko Haram terrorists along Biu to Maiduguri road on Monday, June 24, 2024. Sources said, Justice Mshelia who is working with Borno State High Court in Maiduguri was travelling in his vehicle, accompanied by his driver, a security escort […]

The Ogun State Governor, Prince Dapo Abiodun on Monday, emerged the Chairman of the Southern Governors Forum. The Governor of Anambra State, Professor Charles Soludo, emerged as the Vice Chairman. The emergence of the Abiodun and Soludo, was part of the decision reached at the end of the meeting of the Southern Governors Forum, held […]

A Federal High Court, Abuja, on Monday, adjourned the alleged money laundering trial of Ali Bello and his co-defendants until Sept. 24 for trial continuation. Justice Obiora Egwuatu adjourned the matter after defence counsel, Nureini Jimoh, SAN, concluded the cross-examination of the EFCC 2nd prosecution witness (PW2), Olomotane Egoro, and was re-examined by the anti-graft […]

Investors See Huge Loss as Selloffs Scratch Banking Index Equities investors lost more than N103 billion on the Nigerian Exchange (NGX) over a bear festival that lasted for two days out of three days. According to stockbrokers, bears grip held the benchmark index from climbing amidst short trading session following Islamic holiday in Nigeria. Consequently, […]

Money Market Rates Dip as FAAC Credit Boosts Liquidity Money market short term benchmark interest rates declined as Federal Accounts Allocation Committee (FAAC) disbursement boosted liquidity level in the financial system last week. The liquidity in the system started the week with a surplus balance on Wednesday, mainly due to the early disbursement of FAAC […]

FBN Holdings Shrinks in Value as Selloffs ‘Heat’ Persist Investors can now buy FBN Holdings 39.895 billion shares outstanding cheaper as its market value fell below halve of its peak price amidst banking sector recapitalisation. Ticker: FBNH has seen deliberate selling spree from investors in the past months, causing its market weight to decline sharply. […]

IOCs Plotting for Our Refinery to Fail – Dangote Mr Devakumar Edwin, the Vice President of Dangote Oil and Gas Industries, has accused International Oil Companies (IOCs) in Nigeria of trying to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin told the newsmen in Lagos on Sunday. Edwin alleged that the IOCs were […]