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Clampdown on Banks to Strengthen Financial System- CBN

Central Bank of Nigeria, CBN, has said that the on-going investigation of some financial transactions in some banks by law enforcement authorities are aimed at strengthening the financial sector and the economy. The apex bank, in a statement signed by Acting Director, Corporate Communications, Isaac...

Court Awards N10mn Damages Against EFCC Over Unlawful Detention of Austrian Businessman

An Abuja High Court has ordered the Economic and Financial Crimes Commission (EFCC) to pay a sum of N10m damages to an Abuja based foreigner and security expert Mr. Wolgang Reinl over his unlawful detention and seizure of his international Passport by the anti-graft...

U.S. to give Nigeria $480m Abacha family loot

United States has agreed to repatriate to Nigeria about $480million believed to have been stolen by the late Head of State, Gen. Sani Abacha and his family. But the conditions for the repatriation of the cash and other details are being worked out, The Nation...