By Ayomide Otitoju Sterling Bank Limited, one of Nigeria’s foremost commercial banks, has petitioned the Inspector General of Police (IGP) to investigate alleged fraudulent activities involving Miden Systems Ltd and its director, Dr. Brendan Innocent Usoro. The petition follows claims of attempts by Dr. Usoro to exploit political connections and law enforcement to undermine compliance…
By Ayomide Otitoju The Lagos Police Special Fraud Unit (PSFU) on Friday arraigned a defendant, Mr. Ozimede, before the Federal High Court in Lagos over alleged cyber fraud resulting in losses of over ₦1.09 billion to Moniepoint Microfinance Bank. The PSFU prosecutor, Justin Enang, told the court that Mr. Ozimede is accused of breaching Moniepoint’s…
By Ayomide Otitoju The Federal Government has approved a 50% increase in tariffs for telecommunication companies, according to Dr. Bosun Tijani, Minister of Communication, Innovation, and Digital Economy. Speaking at the inaugural Robotics and Artificial Intelligence Nigeria (RAIN) summit in Ibadan, Tijani stated that the tariff adjustment is critical to sustaining the telecoms industry, facilitating…
By Ayomide Otitoju President Bola Ahmed Tinubu is set to perform the groundbreaking ceremony for five mini-Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State, on January 30, 2025. The projects, described as a historic milestone, aim to advance Nigeria’s gas-to-power aspirations and drive industrialization. NNPC Limited’s Chief Corporate Communications Officer, Olufemi Soneye, highlighted the…
The Central Intelligence Agency (CIA) announced Saturday that it now believes the Covid-19 pandemic was “more likely” the result of a lab leak in China rather than transmission from animals. The revised assessment follows the confirmation of John Ratcliffe as CIA Director on Thursday under former President Donald Trump’s second administration. Ratcliffe, who served as…
By Ayomide OtItoju The Lagos State House of Assembly has dismissed claims by former Speaker Mudashiru Obasa that he remains the legitimate leader of the House, reaffirming its support for the new Speaker, Mojisola Meranda. In a statement signed by Ogundipe Olukayode on behalf of the Assembly, the lawmakers emphasized that more than two-thirds of…
Ukrainian President Volodymyr Zelensky on Saturday called on international allies to establish a framework for potential peace talks with Russia, emphasizing that Kyiv’s participation is essential for meaningful and lasting negotiations. His remarks come amid growing speculation about the possibility of talks to end the devastating conflict, which has claimed tens of thousands of lives…
By Ayomide OtItoju Embattled former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has defended his potential ambition to contest for governor in 2027, stating it is not a crime to aspire for the position. Speaking during a press briefing at his residence in Ikeja GRA on Saturday, Obasa dismissed claims that he…
By Ayomide Otitoju Operatives of the Nigeria Police Force have successfully rescued Folashade Odumosu, wife of retired Assistant Inspector General of Police, Hakeem Odumosu. The operation, led by Ogun State Commissioner of Police, Lanre Ogunlowo, resulted in the safe recovery of the victim, who had been abducted last Thursday at the entrance of her residence…
