A Nigerian national, Adedunmola Gbadegesin, was on Friday sent to a 60-month jail term for a money laundering conspiracy. Gbadegesin, who was arrested in Nigeria in September 2021, had also been charged with wire fraud over his involvement in an international romance scheme. The charge was, however, dropped in a plea deal. The romance scheme…
Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria for the phasing out of the old naira notes still remains or it has been suspended following the Supreme Court injunction obtained by some northern governors. The Supreme Court had on Wednesday ruled that the…
An officer of the Nigerian Security and Civil Defense Corps, Niger State Command, Anthony Damisa, was arraigned by the Independent Corrupt Practices and Other Related Offences Commission on Wednesday for alleged forgery and making of false statement. Damisa was docked before Justice M. E. Anenih of the Federal Capital Territory High Court 3 sitting in…
The President, Major General Muhammadu Buhari (retd.), has sent condolences to the United Arab Emirates Presidential Court following the demise of Sheikha Maryam Al Falasi. Maryam Al Falasi was the mother of Sheikha Salama, the wife of the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan. In a message by his media aide,…
The Special Adviser Media and Publicity to the President, Major General Muhammdu Buhari (retd.), Femi Adesina, has revealed he was also affected by the naira scarcity occasioned by the Central Bank of Nigeria’s currency redesign. Adesina, in an article titled “Living on shoestring budget,” said he has been spending N20,000 for one week. The presidential…
A tanker has exploded along the Ogun State stretch of the Lagos-Ibadan expressway, causing traffic diversion. Dailypost reports that the crash occurred at about 07:30 on Friday between Fidiwo bridge and Foursquare. Confirming the incident, the Federal Road Safety Corps, FRSC, said three persons were involved in the accident, but no injury or death was…
The Nigerian government said it will comply with the Supreme Court suspension of the deadline to swap old naira notes for new ones. Attorney General of the Federation, Abubakar Malami, said the government will obey the Supreme Court ruling. Malami, who spoke interview on Arise TV, said the government was hopeful that the ex parte…
The Kano State Government on Thursday evening filed a suit against the Federal Government at the Supreme Court in respect of the naira redesign policy of the Central Bank of Nigeria. In suit number: SC/CS/200/2023, sighted, the Kano State Attorney General, through his Counsel, Sunusi Musa, SAN, is asking the apex court to declare that…
Hours after the Supreme Court stopped the Central Bank of Nigeria, CBN from executing the February 10 deadline for the validity of old naira notes, the governor of the apex bank, Godwin Emefiele has met with President Muhammadu Buhari. Recall that a seven-man panel of the Supreme Court led by Justice John Okoro, in a…
Senator representing Delta North Senatorial District, Peter Nwaoboshi has been rearrested after he went underground for eight months after the Court of Appeal in Lagos convicted and sentenced him to seven years imprisonment. He was convicted for money laundering to the tune of N805 million when he was Commissioner for Works in Delta State. He…
