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Day: January 8, 2024

EFCC heads to Appeal Court to avoid paying Emefiele ₦100 million

The EFCC insists the former CBN boss was held with a valid order of court. The EFCC has expressed dissatisfaction with a judgement of the Federal Capital Territory (FCT) High Court awarding ₦100 million damages against it in favour of a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Economic and Financial…

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Former Buhari minister Umar-Farouq finally faces EFCC interrogators

The former minister was at the commission’s headquarters on Monday morning. The Economic and Financial Crimes Commission (EFCC) on Monday grilled a former Minister of Social Development, Disaster Management and Humanitarian Affairs, Sadiya Umar-Farouq, for hours over allegations of fraud. A source at the EFCC confirmed to the News Agency of Nigeria (NAN) that the…

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EFCC expects suspended Betta Edu to show up for interrogation on Tuesday

EFCC invited the minister less than 30 minutes after President Tinubu announced her suspension from office. The Economic and Financial Crimes Commission (EFCC) has invited the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to its headquarters in Abuja, for questioning over alleged fraud. A source at the EFCC confirmed to the News…

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Elumelu: UBA surpasses ₦1 trillion market capitalisation mark

The milestone underscores UBA’s robust growth trajectory and unwavering market confidence. Africa’s Global Bank, United Bank for Africa (UBA) Plc, has joined the group of companies with market capitalisation of over ₦1 trillion, as its share price value hits ₦29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on Monday,…

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Hisbah destroys 850 bottles of alcohol in Katsina

Some of the bottles were intercepted in a vehicle, and others were seized at the point of sale. The Katsina State Hisbah Board, says it has destroyed about 850 bottles of different products of alcohol in Kankara Local Government Area of the state. The Hisbah Commander in the state, Dr Aminu Usman, disclosed this in…

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Court orders EFCC to pay Emefiele ₦100 million over illegal detention

The judge said there wasn’t enough evidence to justify detaining Emefiele for a long period. Justice Olukayode Adeniyi of an FCT High Court on Monday awarded ₦100 million in damages to suspended former governor of the central bank of Nigeria (CBN) against the Federal Government and Economic and Financial Crimes Commission (EFCC) for violations of…

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Alia happy to remain Benue governor after Supreme Court victory

Alia says the mandate given to him would only be used for the good and welfare of the people. Governor Hyacinth Alia of Benue has congratulated the Benue people on their victory at the Supreme Court. This is contained in a statement signed by his Chief Press Secretary, Tersoo Kula, on Monday in Makurdi. Titus…

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Ndifon, sexual harassment: UNICAL professor in Kuje prison

The judge adjourned the matter until January 10 for hearing of bail application for the lecturer. A Federal High Court on Monday ordered that Professor Cyril Ndifon, the suspended Dean of Faculty of Law, University of Calabar (UNICAL), charged with alleged sexual harassment be remanded in Kuje Prison. Ndifon, who is being prosecuted by the…

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Betta Edu leaves villa after she was denied access to President Tinubu

Betta Edu’s access card to the presidential villa has reportedly been withdrawn. The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, was not allowed to see President Bola Tinubu on Monday, January 8, 2024, following her suspension by the president. When her suspension over ₦585 million palliative scandal was announced, Edu was reportedly…

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President Tinubu fires FCCPC CEO Irukera, BPE CEO Okoh

The tw CEOs are directed to hand over to the next most senior officer in their respective agencies. President Bola Tinubu has dismissed the heads of the Federal Competition and Consumer Protection Commission, Babatunde Irukera and that of the Bureau of Public Enterprises, Alexander Okoh. This is contained in a statement by Ajuri Ngelale, Special…

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