Court Dismisses AMCON's Suit Against Nigerian Senator Over Alleged N600m Debt           A Federal High Court in Abuja on Thursday lambasted the Asset Management Corporation of Nigeria (AMCON) for fraudulently obtaining an order to seize houses belonging to one Senator Buhari Abdulfatai over alleged N600M debt. Justice...

N500Billion Scandal: Another Group Demands Emefiele’s Sack as CBN Governor             As Central Bank of Nigeria (CBN) reacts against calls for the resignation of its Governor, Godwin Emefiele, more groups have emerged demanding for his sack. The Arewa Youth Assembly, a socio-economic and socio-political group has called...

Five Top Banks Fined N1.4bn For Forex Infractions, Others           Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half...

Imo Lecturer In Dilemma Over TETfund N10m Grant             A lecturer in the department of Electrical and Electronics from the Imo State University, (IMSU) Owerri in Imo State, Mr Christian Obinwa Ahamaefule is presently embroiled in a N10 million Tertiary Education Trust Fund(TETFUND) grant allegedly approved...

Customs May Generate N500bn From Overtime Cargoes Auction             The Nigeria Customs Service (NCS) may rake in over N500 billion from over 8,000 overtime cargoes that are trapped at the port where the cargoes and the auctioning are subjected to due diligence. Sources at the Nigerian Shippers...

Senate Indicts 39 MDAs Over N2.2bn Payment Advances           The Senate has indicted the Budget Office, the ministries of information, interior and 36 other federal agencies for allegedly failing to retire advances amounting to N2.2bn to the Federation Account. This is part of the Senate resolution after...