A former employee of First Bank of Nigeria Limited, Adesuwa Ezenwa, has accused billionaire industrialist Pa Oba Otudeko popularly known as ‘Mr Let Us Pray’of massive fraud during his time as chairman of FBN Holdings Plc, the parent company of the bank. Bisi Onasanya, the bank’s managing director/chief executive officer at the time, was also…
Peter Okoye, one half of the popular music duo P-Square, has spoken out about claims made by his brother, Paul. In a lengthy statement released on Social Media Monday, he addressed the recent controversy surrounding his brother Paul Okoye’s accusation that he reported him to the Economic and Financial Crimes Commission (EFCC). This is coming…
Renowned music star Peter Okoye, also known as Mr. P, has criticized his twin brother Paul Okoye, aka Rudeboy, in a lengthy open letter. This is coming after Paul’s recent interview about their second split, where he claimed to have written and sung 99% of P-Square’s songs. The music group, comprising the twin brothers, first…
A Zenith bank branch manager in Lokoja, Salawu Nasiru, together with two Chinese citizens, Liu Yangxi and Ma Zhuang, have conspired to defraud two Nigerian ceramic companies and their directors. Messrs Salawu, Liu and Ma were accused of fraudulently obtaining about N17 billion in credits on behalf of BN Ceramic Industry Limited and NB Ceramic…
The Nigeria Deposit and Insurance Corporation (NDIC) has called on the Nigeria Police, the Economic and Financial Crimes Commission (EFCC) and other security agencies in the country to be ready to prosecute directors and managers of the recently liquidated Heritage Bank. The managing director and chief executive officer of the NDIC, Mr Bello Hassan, stated…
Story Highlights Federal High Court Abuja freezes N1.1 billion across multiple bank accounts linked to ex-staff of Globus Bank accused of hacking and stealing N3.5 billion from customers. EFCC alleges that Babatunde Idris Olayiwola, Chinedu Ihuma, and Igwe George Benedict Obinna, former ICT staff of Globus Bank, orchestrated the fraud using insider knowledge and accessed…
A certain Economic and Financial Crimes Commission, EFCC, witness told an Abuja High Court that former aviation minister, Hadi Sirika’s company was not among five companies listed as bidders for the contract for the Apron Extension at Katsina Airport. The witness, Isaiah Yusuf, who testified as EFCC 4th witness (PW4) said this in his testimony…
The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested two former staff of Union Bank for allegedly stealing the sum of N4,199,500 belonging to a deceased customer of the bank. The suspects, Idah Ogoh, and Agbo Okwute, were arrested on Friday, June 21, 2024, in Makurdi, Benue State. The EFCC spokesperson, Dele…
Economic and Financial Crimes Commission (EFCC) has arraigned three men before an Ikeja Special Offences Court for allegedly stealing the sum of N3.5 billion from Access Bank. The News Agency of Nigeria (NAN) reports that the three men are Michael Igbomins, David Onyeike and Moses Iruolaje, on two counts of stealing and retention of proceeds…
Federal government has dragged two top executives of Telecom Satellites Limited (TSTV), to court over alleged tax evasion, money laundering and advanced fee fraud offences. The accused are Dr Bright Ikechukwu Echefu, managing director and chief executive officer of TSTV and Dr Felix Nnamdi Ignoanuga said to be the executive director of the telecom satellites…
