A Federal High Court sitting in Abuja on Thursday restrained the Economic and Financial Crimes Commission (EFCC) from “arresting, detaining, prosecuting or embarrassing” former Governor of Rivers State, Peter Odili, on account of an alleged non-performing loan of N189 million … read more
TWO foreign investors, allegedly pre-selected by the Central Bank of Nigeria (CBN) for the planned sale of five banks in the country, may have turned down the offer, going by indications emerging from London, United Kingdom (UK). They were slated … read more
Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi said yesterday that he will resign from office if his decision to remove the Managing as well as Executive Directors of five big banks turns out to be wrong. … read more
The first suggestion of a link between Islamist groups in Nigeria and Afghanistan’s Taliban extremists has emerged with a member of the Boko Haram sect that was behind a deadly uprising in July confessing to receiving military training in Afghanistan, … read more
Henry Okah, leader of Nigeria’s main militant group Movement for the Emancipation of the Niger Delta (MEND), is to sue the government of Angola for wrongful arrest and detention in the southern African nation, his lawyer, Femi Faland, said. Falana … read more
A top militant who has held talks with the government about laying down arms took out a full-page newspaper advert on Wednesday detailing demands that include a military withdrawal from the oil-producing Niger Delta. Ekpemuopolo Tompolo, a leader of the … read more
The Nigerian government Monday arraigned 11 bank directors and three stock brokers before a federal high court in the nation’s economic capital city of Lagos. The arraignment came two weeks after the bank chiefs were removed by the apex Central … read more
Nigeria will not preclude foreigners from owning any bank in the country, Central Bank of Nigeria (CBN) Governor said Tuesday but added that the government did not want to sell the five ailing banks. “The principle objective of the Central … read more
A Nigerian presidential panel on implementing an amnesty for armed activists announced Tuesday that it was holding “informal talks” with key leaders of the various groups in the oil-rich Niger Delta. “We, members of the amnesty panel, are in informal … read more
Two months into his release from detention in a celebratory amnesty deal, the leader of the Movement for the Emancipation of the Niger Delta (MEND), Henry Okah, is already in a war of words with the Yar’Adua administration, by describing … read more