• Kwara State Governor Ahmed disowns fake Facebook accounts

    Kwara State Governor Ahmed disowns fake Facebook accounts

    The public has been alerted to the existence of fake Facebook accounts in the name of the Kwara State Governor, Alhaji Abdulfatah Ahmed.

    The accounts are said to be operated by some unscrupulous individuals to defraud unsuspecting members of the public.

    A statement by the Governor’s spokesman, Dr. Femi Akorede, said Ahmed has only two authorized Facebook accounts, which are https://web.facebook.com/Saimaigida/?fref=ts and https://web.facebook.com/Abdulfatah-Ahmed-121771477889618/?fref=ts.

    His Twitter and Instagram accounts are said to be https://twitter.com/AbdulfataAhmed and https://www.instagram.com/alhajiabdulfatahahmed/ respectively.

    The statement by Akorede added: “Any other social […]

  • CBN denies plan to freeze domiciliary accounts

    CBN denies plan to freeze domiciliary accounts

    According to reports, the Central Bank of Nigeria (CBN) has denied claims that it was planning to confiscate funds in domiciliary accounts of individuals, saying the claim was “false”.

    The CBN also said yesterday that it does not have any plan to amend the nation’s Foreign-Exchange Act to sanction anyone found hoarding foreign currencies, as earlier rumoured.

    “To the best of my knowledge, the Central Bank of Nigeria (CBN) has not proposed any bill seeking to arrest and jail persons holding foreign […]

  • Dariye’s trial: Nothing wrong in paying state funds into private accounts – Witness tells court

    Dariye’s trial: Nothing wrong in paying state funds into private accounts – Witness tells court

    A former member of the Plateau State House of Assembly, Banahel Andong, on November 8, 2016 told a Federal Capital Territory High Court in Gudu, Abuja that it is not wrong for funds allocated to a state to be credited into someone’s personal account.

    The former lawmaker, who is currently the acting District Head of Manguana in Boggos Local Government Area of the state, testified as the ninth defence witness in the ongoing trial of a former Plateau State Governor, Joshua […]

  • Freeze illegal IMTOs’ accounts funding black market, CBN orders banks

    Freeze illegal IMTOs’ accounts funding black market, CBN orders banks

    According to reports, the Central Bank of Nigerian(CBN) has ordered all commercial banks to freeze accounts used by illegal International Money Transfer Operators(IMTOs) to siphon hard currencies to the black market just as it warns Nigerians abroad to stay away from such operators.

    According to the apex bank, the illegal IMTOs lure customers with ridiculous exchange rate and use Naira accounts opened in local banks to channel foreign currencies to fund the parallel market.

    In a statement by its acting Director, Corporate […]

  • EFCC quizzes senior lawyers over huge money in judges’ accounts

    EFCC quizzes senior lawyers over huge money in judges’ accounts

    In its efforts to get to the bottom of the corruption in the judiciary, the Economic and Financial Crimes Commission (EFCC) on Thursday quizzed three Senior Advocates of Nigeria (SANs) for allegedly transferring huge sums of money to judges’ bank accounts.

    Their invitation by the anti-graft body is sequel to the recent interrogation of two Federal High Court judges, Justice Agbadu James Fishim and Uwani Abba Aji and another judge of the Industrial Court.

    A source close the EFCC disclosed that Paul […]

  • DSS arrests two more judges, freezes accounts

    DSS arrests two more judges, freezes accounts

    Two more judges were yesterday arrested by the Department of State Services (DSS), taking the number of judges so far picked up to nine.

    Justices Bashir Sukola and Ladan Manir of the Kaduna State High Court, were arrested in Kaduna and taken to the DSS Headquarters in Abuja at about 8.30pm.

    The DSS, it was learnt yesterday, has frozen the accounts of some of the judges under investigation.

    The agency has received more petitions against the judges. Many of the petitioners, it was […]

  • Jonathan’s accounts not frozen, says Presidency

    Jonathan’s accounts not frozen, says Presidency

    According to reports, the Presidency yesterday dismissed allegation by some protesting Ijaw youths last Thursday alleging that the Federal Government has stopped the allowances due to former President Goodluck Jonathan.

    A statement issued by Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, said the allegation that his bank accounts were also frozen was not true.

    The ijaw youths had also accused President Muhammadu Buhari of giving directive for the bank accounts of Jonathan to be frozen.

    But the […]

  • Alleged slush funds accounts belong to my late mum – Patience Jonathan

    Alleged slush funds accounts belong to my late mum – Patience Jonathan

    A twist has occurred in the alleged slush accounts traced to the former First Lady, Mrs. Patience Jonathan, with claims by her counsel that two of the accounts belonged to her late mother, Madam Charity Fyneface Oba.

    The counsel, Mr. Charles Ogboli, also admitted that only three of the five accounts in dispute could be traced to the ex-First Lady and her mum.

    But there were indications yesterday that some senators of the Peoples Democratic Party (PDP) held a meeting on Thursday, […]

  • Money laundering: CBN orders banks to freeze illicit transfers, accounts

    Money laundering: CBN orders banks to freeze illicit transfers, accounts

    The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances through the banking industry.

    The CBN gave the directive to authourised dealers, mainly banks, on Friday in a circular signed by the Acting Director of Trade And Exchange Department, Mr W.D Gotring and titled, “Illicit international money remittances through the banking system’’.

    The apex bank had observed that some Deposit Money Banks (DMBs) were operating […]

  • Grow your money with fixed deposit accounts

    Grow your money with fixed deposit accounts

    In Nigeria, one of the ways to make your money work for you is to invest it in fixed income instruments. And one of such fixed income instruments which commercial banks provide is called a fixed deposit account.

    According to Felix Okoli, a financial analyst, a fixed deposit account “is an account you hold with a bank for a fixed period of time, fixed amount and at a fixed interest.” He explains to Nabanker, an online medium, “that if that money […]

  • How Fayose’s ally wired N1.35bn into several accounts to acquire properties

    How Fayose’s ally wired N1.35bn into several accounts to acquire properties

    Ekiti State Governor Ayodele Fayose’s ally, Abiodun Agbele, wired N1.35billion into three accounts to pay for four of the five duplexes the governor allegedly bought in Lagos; it was learnt yesterday.

    The fifth duplex, which cost about N200million, is in Abuja.

    The laundering of the cash was staggered to, detectives believe, cover up the details from the prying eyes of the Economic and Financial Crimes Commission (EFCC).

    The EFCC uncovered the lodgments in these accounts: FCMB belonging to Siqnachor (0519693019), First Bank of […]