Day: January 10, 2025

US govt returns $52.88m linked to ex-Petroleum Minister, Diezani

topnews

The United States Government has repatriated the sum of $52. 88 million it said was traced to former Petroleum Resources Minister Diezani Madueke. The US Ambassador to Nigeria, Mr. Richard M. Mills, Jr, led a delegation that executed the Assets Return Agreement at the Federal Ministry of Justice Headquarters in Abuja, on Friday. Signing the agreement on behalf of the Federal Government, the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, disclosed that the $52.88m arose from the forfeiture of Galactica assets, linked to the ex-Minister…

Read More

$718m debt: Court orders Nigerian banks to blacklist Nduka Obaigbena from financial transactions

topnews

A Federal High Court in Lagos has ordered all banks operating in Nigeria to blacklist the chairman of Thisday Newspaper and Arise TV, Nduka Obaigbena and members of his family over alleged debt to First Bank of Nigeria. The December 30, 2024, Mareva order also sought to prevent Mr Obaigbena from moving any assets linked to him from the jurisdiction of the Federal High Court. First Bank had filed a debt-recovery suit against Mr Obaigbena and his family members, including Efe Damilola Obaigbena and Olabisi Eka Obaigbena, saying they used their…

Read More

Man sentenced to two years imprisonment over $345,000 fraud

topnews

One Chima Nkwocha also known as Young Billionaire has been sentenced to two years imprisonment by a Federal High Court sitting in Abuja for defrauding a United States citizen of $345,000. A statement by the Economic and Financial Crimes Commission on Wednesday revealed that the convict was arrested in August 2024. Following his arrest, he was arraigned before Justice Emeka Nwite on two counts bordering on impersonation and fraud to which he pleaded guilty. The statement read, “That you, Chima Hyginus Nkwocha (AKA Frank Nils, Frank Cobert, Frank Brown and…

Read More

Policeman with Okoya’s sons in viral Naira abuse video detained

topnews

A yet-to-be-named officer seen in a viral video with Wahab and Raheem, sons of billionaire businessman, Chief Razaq Okoya, abusing naira, has been detained by the Nigeria Police Force. This was disclosed by the Force Public Relations Officer, Olumuyiwa Adejobi on his X handle on Friday. According to him, the moment captured in the video involving the police officer is unethical and contrary to the values of the force, stressing that disciplinary action is underway to address the misconduct. Adejobi wrote, “The policeman captured in the recent viral video shared…

Read More