• Reps threaten arrest warrant on customs boss over N250m allegedly paid to insurance firm

    Reps threaten arrest warrant on customs boss over N250m allegedly paid to insurance firm

    According to reports, the House of Representatives has again threatened to issue a warrant of arrest on the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ibrahim Ali (rtd), over refusal to explain why his agency allegedly paid N250 million to Fortis Insurance Brokers Limited.

    The latest threat came after the management of Fortis denied ever insuring the NCS or receiving, as commission, the aforementioned amount.

    The Managing Director and Chief Executive Officer of the firm, Lawrence Dafiode, in a […]

  • EFCC interrogates Ogunlewe over N250m FUNAAB scam

    EFCC interrogates Ogunlewe over N250m FUNAAB scam

    The Economic and Financial Crimes Commission on Wednesday interrogated a former Minister of Works and current Pro-Chancellor of the Federal University of Agriculture, Abeokuta, Ogun State, Senator Adeseye Ogunlewe.

    It was learnt that Ogunlewe was invited to the Ibadan office of the EFCC sequel to a petition written to the EFCC by a group known as Concerned Stakeholders of FUNAAB in which Ogunlewe and the Vice-Chancellor, Prof. Olusola Oyewole, and other members of the university‚Äôs governing council were accused of mismanaging […]

  • Finally! Court grants Fani-Kayode N250m bail

    Finally! Court grants Fani-Kayode N250m bail

    A Federal High Court sitting in Ikeja, Lagos State has granted bail to a former Minister of Aviation in the past administration, Chief Femi Fani-Kayode, in the sum of N250million.

    Fani-Kayode is being prosecuted by the Economic and Financial Crimes Commission, EFCC, for an alleged fraud of N4.9bn.

    While granting the bail, Justice Muslim Hassan ordered the defendant to provide two sureties in like sum and also deposit his passport in the custody of the court pending the outcome of the case.

    The […]