Author: Newsdeck
The Inspector General of Police, IGP Kayode Adeolu Egbetokun, Ph.D, NPM, on Friday ordered investigations into the circumstances surrounding the alleged assault on the person of the President of the National Labour Congress, Comrade Joe Ajaero. Consequently, he has directed the Deputy Inspector General in charge of the Force Criminal Investigation Department to take over the matter with the primary objective of ascertaining the true facts surrounding the incident and to address any ambiguities that may exist as the Police has been inundated with different versions of the incident making investigations imperative to clear the conflicting accounts. The Nigeria Police…
Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, indicating business growth and customer confidence in the Bank. A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that the Bank continued to maintain its expansionary and customer-centric model with total loans and advances rising to N222.8 billion, even as interest and similar income stood at N33 billion, which underscores the Bank’s strategic focus to reinvigorate and sustain asset creation that…
The French Government on Friday revealed its intention to return another $150 million stolen by former Head of State, General Sani Abacha. The late General Sani Abacha ruled Nigeria from November 17, 1993 to June 8, 1998. The French Minister of Europe and Foreign Affairs, Catherine Colonna, made this known when she visited President Bola Tinubu on Friday at the Presidential Villa in Abuja. Tinubu, who expressed his appreciation for the move to return the $150 million stolen from Nigeria by Abacha, also acknowledged the signing of a €100 million agreement between Nigeria and France to support the i-DICE programme,…
The Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of 41 (forty one) internet fraudsters to various jail terms in Oyo and Ogun States respectively. They were jailed after pleading guilty to one -count charge each preferred against them by the EFCC. Justices Ladiran Akintola and Adebukola Olajide of the Oyo State High Court sitting in Ibadan; Justices Abiodun Akinyemi, A.A. Babawale and B.B. Adebowale of the Ogun State High Court, Abeokuta and Justice Uche Agomoh of the Federal High Court, Ibadan, Oyo State, jailed the 41 convicts. The convicts are…
Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja, Lagos, on Friday, November 3, 2023, issued a bench warrant for the arrest of a businessman; Chief Cletus Ibeto, for failing to appear in court for his arraignment over an alleged N4.8bn fraud. The Judge had, on October 5, 2023, adjourned till November 3, 2023, the arraignment of Ibeto alongside Ibeto Energy Development Company and Odoh Holdings on 10-count charges bordering on obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception, following an application and appeal by his lawyer, Onyechi Ikpeazu, SAN.…
Lagos State and EnterpriseNGR, are poised to make history as the first African participants invited to join the prestigious Lord Mayor’s Show’s 805th procession in London. The ground-breaking collaboration between Lagos State and EnterpriseNGR is built on their shared goal of positioning Lagos as Africa’s premier financial centre. To actualize this vision, Lagos State has inaugurated Lagos International Financial Centre (LIFC) Council, in partnership with EnterpriseNGR – a member-led advocacy group that promotes the growth and development of Nigeria’s Financial and Professional Services (FPS) sector as a catalyst for economic development.With the LIFC Council leading the charge, and in line…
Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices. It gave the warning following claims in some sponsored reports in the online media, suggesting that the company is being probed for alleged illegal foreign exchange deals and money laundering by the Special Investigator, Jim Obazee who is probing the Central Bank of Nigeria (CBN) under the leadership of the former CBN governor, Mr. Godwin Emefiele. In a statement, DIL described the allegation as “spurious and…
Yaba flyover – one of the four bridges being concurrently constructed by the Lagos State Government along the Red Line rail corridor – is now open to traffic, creating a new commuting and connectivity experience in Lagos Mainland. Governor Babajide Sanwo-Olu, on Thursday, commissioned the T-shape overpass that will serve as an alternative route to access Ebute Metta, Oyingbo, Yaba and Surulere. The project, undertaken by Lagos Metropolitan Area Transport Authority (LAMATA), has brought traffic relief to motorists and commuters plying Yaba, as it has solved congestion and delays associated with railway level crossing, which hitherto hindered free movement in…
No fewer than 160 Jamā’at Ahl as-Sunnah lid-Da’wah wa’l-Jihād Boko Haram fighters were killed and their hidden camps destroyed following a wave of airstrikes conducted by Nigerian Air Force fighter jets in Borno and Yobe states. The devastating airstrikes were conducted on Thursday, November 2, 2023, by the Air Component Operation HADIN KAI, in two identified terrorist enclaves. The first one was around BULABULIN along KOMADUGU-YOBE RIVER near Geidam in Yobe State. Intelligent sources, told Zagazola Makama, a Security Analyst and a Counter-Insurgency Expert in the Lake Chad region, that the target in BULABULIN along KOMADUGU-YOBE RIVER, was established as…
Zenith Bank Plc has released its unaudited Q3 2023 results, showcasing an impressive triple-digit surge of 114% from N620.6 billion in Q3 2022 to N1.33 trillion by the end of Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environment. According to the bank’s unaudited third quarter financial results presented to the Nigerian Exchange (NGX), the triple-digit growth in the topline also enhanced the bottom line, as the Group recorded a 149% Year on Year (YoY) increase in profit before tax, growing from N202.5 billion in Q3 2022 to N505 billion in…