• Former Minister Nenadi Usman seeks transfer, severance of criminal charge

    Former Minister Nenadi Usman seeks transfer, severance of criminal charge

    Nenadi Usman, a former minister of finance, on Monday informed a Federal High Court, Lagos of her application seeking severance and transfer of a criminal charge pending before the court.

    Usman is charged by the Economic and Financial Crimes Commission (EFCC) alongside, a former Aviation minister, Femi Fani-Kayode and Danjuma Yusuf, on a 17 count charge bordering on the offences.

    Fani-Kayode who was also Director, Media and Publicity of ex-President Goodluck Jonathan’s campaign organisation, was absent in court.

    His counsel, Mr Wale Balogun […]

  • CBN warns against patronage of illegal money transfer operators

    CBN warns against patronage of illegal money transfer operators

    According to reports, the Central Bank of Nigeria on Tuesday again warned against the patronage of illegal money transfer operators stating that the development is undermining the efforts of the apex bank in sanitising the system.

    The bank in a statement issued by the Acting Director, Corporate Communications Department, Mr Isaac Okoroafor, said Nigerians in the Diaspora stand the risk of being defrauded by the illegal operators.

    The statement reads in part, “The attention of the Central Bank of Nigeria has been […]

  • MTN denies illegal transfer of $14bn from Nigeria

    MTN denies illegal transfer of $14bn from Nigeria

    South Africa’s MTN has denied allegations it illegally transferred $13.9 billion from Nigeria with the collaboration of top officials, in the latest scandal to hit the telecoms company in its largest market on the continent.

    The Johannesburg-based firm is facing a parliamentary probe over accusations it connived with senior Nigerian officials to move the funds out of the country without complying with the law.

    A parliamentary source and local media said the funds were allegedly repatriated between 2006 and this year.

    “We would […]

  • Kalu raises the alarm over plot to transfer EFCC case to Lagos

    Kalu raises the alarm over plot to transfer EFCC case to Lagos

    Eminent businessman and former governor of Abia State, Dr Orji Uzor Kalu has raised the alarm over a plot to transfer his case with the Economic and Financial Crimes Commission (EFCC) from Abuja to Lagos.

    The former governor, through his counsel, Amobi Nzelu, said he was arraigned in 2007 before the Federal High Court, in Abuja, and that when the case was remitted to the Federal High Court for trial by the Supreme Court and the three appearances before the trial […]

  • Atiku Abubakar Works Out In A Gym “Ahead Of His Transfer To Arsenal” (photos)

    Atiku Abubakar Works Out In A Gym “Ahead Of His Transfer To Arsenal” (photos)

    Nigerian politician, Atiku Abubakar has left his fans on social media surprised after sharing photos of him training as he prepares to be signed to Arsenal FC.

    Former Vice-president of Nigeria, Atiku Abubakar has shown his humourous side after he shared quality photos of himself working out at the gym.

    The politician who is a die-hard fan of Arsenal FC in the English Premier league gave a hint that he might be joining the London-based side soon as he […]

  • Manchester United in talks over Paul Pogba transfer

    Manchester United in talks over Paul Pogba transfer

    Manchester United chief executive Ed Woodward has begun negotiations in the last 48 hours that could see Paul Pogba return to Old Trafford in a world record deal worth £100m, according to reports.

    Juventus want to keep hold of the 23-year-old, but would find it hard to resist such a deal, which would see Pogba earning up to £300,000 a week.

    The player is also being courted by Real Madrid with our Spanish football expert Guillem Balague saying head coach Zinedine Zidane […]

  • NFF adopts FIFA online players transfer system

    NFF adopts FIFA online players transfer system

    The Nigeria Football Federation (NFF), has become the first member association (MA) in Africa, to adopt the FIFA TMS Domestic Transfer Matching System (DTMS).

    This was made possible by the League Management Company (LMC), the body that oversees the Nigeria Professional Football League (NPFL).

    The DTMS online platform will enable the NFF and NPFL, to manage local and international transfers via one system.

    It is available on the International Transfer Matching System (ITMS), which is accessible to all 211 association members of FIFA. […]

  • Neymar transfer cost Barcelona more than €100m – Bartomeu

    Neymar transfer cost Barcelona more than €100m – Bartomeu

    Neymar’s transfer from Santos to Barcelona cost the Catalan club more than €100 million, Barca club president Josep Maria Bartomeu confirmed on Thursday.

    The 24-year-old Brazil star made a much-scrutinised move from the Brazilian club to the Blaugrana in the summer of 2013 for a then-reported fee of €57 million. However closer looks into the transaction have shown the price tag far exceeded that amount.

    Neymar and his father, Neymar Sr., have been the subject of lawsuits due to the opaque nature […]

  • Ifeanyi Ubah Gets N100m Transfer Kitty

    Ifeanyi Ubah Gets N100m Transfer Kitty

    As the Nigeria Professional Football League (NPFL) mid-term window opened Sunday following the conclusion of the first half of the season, clubs are pulling all the stops to bolster their chances of glory come end of season and the proprietor of FC Ifeanyi Ubah, Dr Patrick Ifeanyi Ubah, has supported his side with a N100 million cheque for a mid-season splurge.

    According to the News men that the oil magnate presented the cheque during the interval of the NPFL matchday 19 […]

  • Russia’s 2nd-richest man Mikhail Fridman to leave all his fortune to charity. ‘I don’t plan to transfer any money to my children’

    Russia’s 2nd-richest man Mikhail Fridman to leave all his fortune to charity. ‘I don’t plan to transfer any money to my children’

    Billionaire Mikhail Fridman, whose net worth is $13.3 billion according to Forbes, is to leave his children out of his will. The businessman said he wants his children to create something on their own.

    “I’m not a big fan of such public statements, but I can say that I am going to transfer all my money to charity. I don’t plan to transfer any money to my children,” Fridman said, responding to a question from the audience at the Forbes club.

    He […]