One Million Tree Initiative: A greener tomorrow begins with a leap of faith
Fraud suspects operating “Yahoo School” apprehended in Lagos
Operatives of the Lagos State Police Command uncovered and dismantled and internet fraud training facility, commonly referred to as “Yahoo School”, operating at Iju area of the state. This was confirmed in a statement by the spokesperson of the state police command, CSP Benjamin Hundeyin on Tuesday. Hundeyin said that the police apprehended four yahoo experts and six trainees. “During the successful operations, the police detectives apprehended four yahoo experts, of ages 22, 23, 25, and 26, who were running the notorious school. “The other six suspects, who are between…
Read MoreCBN denies introducing N5,000, N10,000 banknotes
The Central Bank of Nigeria (CBN) has issued a statement dismissing a viral report claiming it has introduced N5,000 and N10,000 banknotes to facilitate cash transactions. In a statement posted on its official X handle, yesterday, the apex bank described the report as fake and urged Nigerians to disregard it. “The content is not from CBN. Kindly note that the official website of the CBN is cbn.gov.ng,” the statement reads. A statement from the CBN’s Communications Department further clarified, “The only official sources for releasing statements to the media are…
Read MoreSterling Bank leads protest for removal of bank transfer charges
In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers. The announcement, made on April 1st, initially sparked widespread arguments, with many assuming it was a marketing prank tied to April Fools’ Day. However, Sterling has confirmed that this is no stunt: the zero-transfer-fee policy is real, and effective immediately. With this move, Sterling becomes…
Read MoreKyari, NNPCL Board sacked, Engr Ojulari appointed as new GCEO
The Group Chief Executive Officer, GCEO, of the Nigerian National Petroleum Company, NNPC Limited board, Mallam Mele Kolo Kyari, has been sacked by President Bola Tinubu, alongside the board chairman, Chief Pius Akinyelure. President Tinubu also removed all other board members appointed with Akinyelure and Kyari in November 2023. This was made public via a statement issued in the early hours of Wednesday by the presidential spokesman, Bayo Onanuga. According to the statement, the new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida…
Read MoreWoman arrested for trafficking daughter for N50,000 to Mauritania
A woman and her syndicate have been arrested by operatives of the Zone 2 Command of the Nigeria Police Force for allegedly trafficking young girls to Mauritania as commercial sex workers for N50,000. The Zonal Public Relations Officer, Umma Ayuba, disclosed in a statement on Tuesday that the suspects were arrested at their hideout in the Meiran area of Lagos State on March 22. She disclosed that the syndicate worked with other accomplices in Mauritania to traffic young ladies as commercial sex workers. According to Ayuba, the suspects confessed to…
Read MoreFY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn …Declares a total dividend of N2.10 per share
Add Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The increase in Interest Income was led by a combination of improved yield on earnings assets and 51.6% expansion in earnings base to N6.3tn. This led to a Profit After Tax…
Read MoreJehovah’s Witnesses Announce Invitation Campaign to two special events in April
Jehovah’s Witnesses globally have launched a campaign to invite all persons to two special events in April 2025. On the evening of Saturday, April 12, Jehovah’s Witnesses around the world will gather for their annual commemoration of the death of Jesus Christ. In previous years, the event has drawn some 20 million people globally. “Every year, millions of Jehovah’s Witnesses invite others to join us in remembering Jesus Christ,” said Odeyemi Afolabi, a spokesman for Jehovah’s Witnesses. “The purpose of our month-long campaign is to extend the invitation to this…
Read MoreCyber fraud: Nigerian sentenced to eight years improvement in India
A Nigerian national, Jefferson Eze Henry has been sentenced to eight years in prison by a Kolkata court for defrauding an elderly man of Rs 1 crore in 2021 through a cybercrime scheme. The court also imposed a fine of Rs 50,000 on Henry following his conviction under the Information Technology Act and the Indian Penal Code. Henry was found guilty of posing as an official from the Royal Bank of London to deceive the victim, Saibal Banerjee, through fake email IDs and websites. Investigations revealed that he used virtual…
Read MoreSenate stops sale of Lafarge Cement company to Chinese firm
The planned sale of Lafarge Cement Plc to a Chinese company, has been halted by the Nigerian Senate. The lawmakers directed the Bureau of Public Procurement (BPP) to stop the sales, citing national security and economic sovereignty concerns. Lafarge Cement, a key player in Nigeria’s construction and industrial sectors, is located in Ewekoro Local Council of Ogun State. The Senate’s intervention aims to ensure that the divestment process safeguards national interests. During plenary, Sen Shuaib Salisu (Ogun Central) raised a motion highlighting the strategic importance of Lafarge Cement to the…
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