The Lagos office of the Economic and Financial Crimes Commission, EFCC, was a beehive, yesterday, with the operatives fixing the jigsaw created by the action of the Central Bank of Nigeria, CBN, that removed the boards and Managing Director of … read more
The United States immigration authorities have deported 63 Nigerians for failing to have valid residence permits and illegal possession of firearms, a senior Lagos airport official said Friday. “The Nigerians were brought in yesterday aboard a chartered flight,” Wale Dada … read more
Thirty members of a militant Islamist sect who fled after the group’s recent armed uprising in north Nigeria that claimed at least 800 lives have been arrested, a police officer said Thursday. The members of the Boko Haram group were … read more
The Nigerian anti-graft agency said Thursday it would enlist the support of Interpol to repatriate any fleeing bank chiefs or debtors to enable them face economic charges. One of the bank chiefs, Erastus Akingbola, declared wanted on Sunday and who … read more
Once again Nigeria is in the throes of a bank crisis. Rumbles of a quake have been heard and the nation is girding its loins. Ten banks were audited by the Central Bank of Nigeria. Only half of them got … read more
The police have intercepted a truck full of arms and ammunition at the Jabi Motor Park in Abuja. It is believed that the large cache of arms belongs to a faction of the National Union of Road Transport Workers (NURTW) … read more
It has come to this.In the free-for-all that was our banking system, even a nanny could obtain a N13 billion loan from one of our top banks. Especially if she is the owner’s nanny. Such was the good fortune of … read more
The Economic and Financial Crimes Commission, EFCC, led by Farida Waziri, will today storm Lagos with 100 operatives and two Mobile Police units to arrest all loan defaulters who fail to meet the seven-day deadline given by last Tuesday to … read more
Investors have continued to offload million of shares of isted Nigerian banks despite a plea by the Nigerian Stock Exchange (NSE) and other regulators in the financial sector not to do so, according to the privately-owned Guardian newspaper Monday. The … read more
THE noose is tightening: Any corporate body or individual, who is indebted to any of the nation’s 24 banks to the tune of N100 million and above and has defaulted in the payment terms will appear in a new list … read more