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Tuesday, November 26, 2024

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Business

Kenya Court freezes N21.7b belonging to Flutterwave, other Nigerians

(A Kenyan) High Court has frozen more than Sh6.2 billion (about N21.76b)  spread in 62 bank accounts belonging to Nigerian start-up Flutterwave and four...

Abuja Estates, Developers Fail ICPC’s Money Laundering Test

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said some estates and developers in Abuja have failed its System Study and Review...

Conflicting Orders By The Courts, Especially At FHC Frustrating Recovery Process – AMCON

By Jude Chiedozie Nwauzor, AMCON Federal House of Representatives Committee Chairman on Banking and Currency, Hon. Victor Nwokolo at the weekend in Lagos disclosed that...

How NNPC Has Been Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres

The Nigerian National Petroleum Corporation (NNPC) has been accused of using the subsidy regime to divert about $10 billion. But where has this huge sum...

MTN’s Mobile Money Bank suffers N22B Fraud, Drags 18 Banks to court for recovery

By Yemi Oyeyemi, Abuja. The newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB), a banking subsidiary of MTN Communications Limited, has in less...

Senate probes Shell over Joint Venture breach, seeks $200m refund to FG

The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of...

IPMAN tells members not to sell petrol for less than N180 per litre

Not minding the hard times and inflationary trends in the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has added to the pains,...

Professors groan, ‘which way Nigeria’; poor man says God dey as economy bites & FG owes N41.6 trn, borrows for salaries

With the purchasing power of Nigerians falling as a result of the high inflation rate, with the Federal Government, owing N41.60 trillion in the...

JPMorgan Wins $1.7 Billion UK Trial Over Nigeria Transfers

JPMorgan Chase & Co. won a $1.7 billion London court battle with the government of Nigeria over its role in the transfers of hundreds...

Former Finbank MD, other now to pay N10b fine, still remain jailed for three years

Appeal Court Affirms Okey Nwosu’s Convictio Attempt by the former managing director of the defunct FinBank Plc, Mr. Okey Nwosu and Dayo Famoroti to set...

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