NAICOM says Insurance Directors Acquire Shares without payments An Insurance Company Chairman (name withheld) has returned N66 million stolen fund from an insurance firm through the intervention of the apex Insurance regulator, the National Insurance Commission (NAICOM), Economic Confidential can confirm authoritatively. In an interview with...

Operatives of the Department of State Security on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja. Also raided by the DSS operatives were registered BDCs operators who were accused of selling the dollar above N400. The development, forex dealers said, forced some...

The House of Representatives has asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters of the Mavrodi Mondial Moneybox, otherwise known as MMM, in Nigeria. Lawmakers strongly opposed the investment scheme, which has lately gained...

The Economic and Financial Crimes Commission (EFCC) is looking into the roles played by two former National Security Advisers – Gen. Aliyu Gusau and the late Owoye Azazi – and two former Attorneys-General of the Federation on the facilitation of a $200million settlement agreement...

•Dasuki Ex-NSA prefers political solution Former National Security Adviser (NSA) Sambo Dasuki, who is on trial for alleged mismanagement of $2.1billion arms funds, would like former President Goodluck Jonathan to be his witness. Dr. Jonathan has faulted the charges against Dasuki, claiming that the ex-NSA could...

Threaten Protest over Non-payment of Stipends Former Niger Delta militants currently enrolled in the Presidential Amnesty Programme have urged President Muhammadu Buhari to investigate the Amnesty Office, which they alleged has become a cesspool of corruption since Brig-Gen. Paul Boroh (rtd) took over as its...