By Ayomide Otitoju The Lagos State Government has dismissed reports that Governor Babajide Sanwo-Olu filed a lawsuit against the Economic and Financial Crimes Commission (EFCC) to prevent any future arrest or prosecution after his tenure. In a statement on Wednesday, Attorney General and Commissioner for Justice Lawal Pedro announced that the state will investigate how…
By Ayomide Otitoju Justice Emeka Nwite of the Federal High Court in Abuja has postponed the hearing in the alleged money laundering case against former Kogi State Governor Yahaya Bello to January 21, 2025. During the resumed hearing on Wednesday, Economic and Financial Crimes Commission (EFCC) counsel Kemi Pinheiro informed the court that two witnesses…
By Ayomide Otitoju Access Bank has announced intentions to issue dollar-denominated securities, aiming to attract Development Financial Institutions and open-market investors to strengthen its capital base and support expansion. This was disclosed by Managing Director Roosevelt Ogbonna at a media briefing in Lagos on Monday. Ogbonna explained that the planned issuance would be in two…
By Ayomide Otitoju In a vibrant ceremony at the Lagos State Command Headquarters in Alausa, Ikeja, the Lagos State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Mr. Adedotun Keshinro, officially decorated 411 newly promoted officers on Wednesday, October 30, 2024. The promotions included 280 senior officers and 131 junior officers. At the…
By Ayomide Otitoju The Nigeria Police Force Special Investigation Unit has concluded its inquiry into the assault case involving Bolt driver Stephen Abuwatseya and has today arraigned Hon. Alexander Mascot Ikwechegh at the Kuje Magistrate Court. Ikwechegh faces charges of “Abuse of Office, Criminal Intimidation, Criminal Force, and Assault” under Sections 397(b) and 265 of…
By Ayomide Otitoju The World Health Organization (WHO) has listed two new in vitro diagnostics for mpox under its Emergency Use Listing (EUL) procedure, broadening access to quality-assured testing options. This measure is aimed at improving the accuracy and availability of mpox diagnostics, particularly in low- and middle-income countries (LMICs). The recently approved diagnostics include…
By Ayomide Otitoju In a strategic move to elevate Nigerian small and medium enterprises (SMEs) in the global marketplace, Wema Bank has introduced the Wema Export Trade Academy. This innovative program aims to strengthen the export capabilities of local businesses by providing comprehensive training and resources to navigate the complexities of international trade. Recognizing the…
By Ayomide Otitoju In a major stride towards sustainable finance and carbon reduction, FirstBank has joined the Partnership for Carbon Accounting Financials (PCAF). This global alliance brings together financial institutions committed to standardized assessments and transparent disclosures of greenhouse gas (GHG) emissions from loans and investments. Through this move, FirstBank reaffirms its dedication to sustainable…
By Ayomide Otitoju Senator Orji Uzor Kalu, Chairman of the Senate Committee on Privatization, clarified on Monday that his support for President Bola Tinubu has no relation to his past corruption case with the Economic and Financial Crimes Commission (EFCC). In a statement posted on social media, Kalu responded to claims made by Dr. Reuben…
