Friday, October 31, 2025
Friday, October 31, 2025
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Business

Business

Court Jails Foreigners For Cyber Terrorism; Orders Deportation After Sentence

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A Federal High Court in Lagos, has convicted and sentenced 18 foreigners to one year imprisonment each for cybercrime, fraud, impersonation, and attempting to destabilize Nigeria’s constitutional structure. The convicted foreigners have initially pleaded not guilty to the charges when...
Business

Drug Trafficker Loses Appeal To Upturn 15 Years Jail-term, Forfeited $36,000, USD 

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The Lagos division of Court of Appeal, has uphold a total of 15 years jail-term, slammed on a drug trafficker, Ogbo Emmanuel Obiora and forfeiture of $36, 000 USD, being a proceed of illicit business, by a Federal High...
Business

Again: Court Orders Lawyer To Produce Fleeing Chinese Client To Face Alleged N1.2bn Fraud

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Justice Akintayo Aluko of the Federal High Court, on Thursday, reissued his earlier order mandating a lawyer, Charles Adeyoriju, to produce his Chinese client, Mr. Su Donghai, in court for prosecution on alleged N1.2 billion fraud. The Chinese, Mr. Su...
Business

‘I Was Never Arrested, Prosecuted Of Controlled Substance’, Bizman Jude Onwusonye

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Barr. Victor Chinedu, Lawyer To The Businessman Lawyers to Jude Onwusonye, the managing director and Chief Executive Officer (CEO) of Richy Gold International Limited, have said that their client was never arrested nor prosecuted for any controlled Substance related...
Business

Court To Hear Jurisdiction Objection in N32bn Fraud Case Against 2 Persons, Firm, June 5

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Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos has fixed June 5, 2025, to hear all pending applications in the N32 billion fraud case filed by the Attorney General of the Federation (AGF) against Victor Ukutt and...
Business

Court Remands Premium Trust Bank Manager, 4 Others For Allegedly Hacking Into Bank’s Server

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An E-payment Service Manager with Premium Trust Bank Limited, Matthew Adeniyi Damilola and four others, were today arraigned before a Federal High Court, Lagos, for allegedly hacking into the server of that bank. Others arraigned alongside the bank's E-payment Service...
Business

Ecobank Staff Pleads Guilty To  Alleged N2.4m Cybercrime Fraud

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The Banker After His Arrest, Photo-; EFCC An employee of Ecobank Plc, Solomon Stephen Ufayo, has admitted committing a Cybercrime fraud of N2,404 million. Solomon who is Ecobank's Relief Teller officer, admitted committing the offence, following his guilty plea to...
Business

UBA Seeks To Join A Suit, As It Challenges Sale Of IBEDC 

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United Bank For Africa (UBA) Plc has filed a motion before a Federal High Court, Lagos, seeking to be joined in the suit while challenging the purported sale of Ibadan Electricity Distribution Company (IBEDC). It would be recalled that a...
Business

Land Prices In Lekki, Ajah, Ikoyi: A 2025 Guide For Investors -By Dennis Isong

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If you’re thinking of buying land in Lagos this 2025, three names will almost certainly pop up in your research, Lekki, Ajah, and Ikoyi. These locations are more than just popular; they’re strategic hotspots in the Lagos property market. Whether...
Business

“How Access Bank’s IT Staff Steals N5.6bn”, -EFCC Investigator

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THE Economic and Financial Crimes Commission, (EFCC) today presented it's first prosecution witness (PW1), Abdulmajeed Agboola, a staff of Access Bank Plc, in the alleged N5, 726, 994, 110. 23 billion fraud involving a former employees of the bank,...
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Sup Court Strikes Out Ajudua’s Motion, Turn Down Nadabo Energy MD’s Appeal

The Supreme Court on Friday struck out a motion filed by alleged fraudster Fred Ajudua after his counsel formally...
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