Business

Man Hacks Unity Bank’s Account To Steals $64.8 From ATM

    A 37 year-old man, Adeagbo Samson Banyonle, has been arraigned before an Igboosere Chief Magistrate’s Court, Lagos, for allegedly hacking into the account of Unity Bank Plc, and steal the sum of $64, 822. 97, 97, from the bank’s Automated Teller Machines (ATMs). The accused was alleged to have committed that act with […]


Judge’s Absence Stalls $17.5M Fraud Against Zenith Bank, 5 Others

  Hearing of the criminal charge against Zenith Bank Plc and five individuals, at the Federal High Court, Lagos, suffered a set back today, due to the absence of the trial judge. Consequently, the matter has been adjourned till February 16, 2018. Zenith Bank Plc alongside  Kayode Esho, Austin Udakpo, Kelechi Chukwueke, Ezeduka Chigozie and […]


Air Peace Boss Tasks Lawyers On Opportunities In Aviation Sector

  Chairman/Chief Executive Officer of Air Peace, Mr. Allen Onyema has challenged lawyers in the country to think outside the box and position themselves to benefit from the boundless opportunities the aviation sector offers. Onyema gave the advice at the Nigerian Bar Association (NBA)-Section on Business Law, Aviation Committee Conference tagged, “Unlocking the Potential of […]


No Going Back On Gelegele Seaport Project – Edo Govt

The Edo State Government has assured the people of the state that work on the Gelegele Seaport is in progress as there is sufficient economic justification for its development. Speaking to journalists on the socio-economic gains of the planned seaport, Governor Godwin Obaseki explained that it would serve as an agro-processing zone and will be […]


$200M Abuja Airport Terminal 80% Completed—NASS

  …Say The Facility Needs 2nd Runway Being Federal Capital The joint committee of the National Assembly on Aviation today declared the $200 million Abuja Airport Terminal constructed by China Civil Engineering Construction Corporation (CCECC) is 80 per cent completed. The committee said it was impressed with the level of work so far done by […]


EFCC Floors Globacom In Court Over Attempt To Stop Fraud Investigation

  A  Lagos State High Court, Igbosere  has  dismissed  a N50 million suit filed by a telecommunication company, Globacom Limited, against the Economic and Financial Crimes Commission (EFCC). Globacom Limited and  its Head of Marketing Department, Mr. Ashok Israni has filed the suit against EFCC, seeking to stop investigation on a petition written against it […]


Boeing, Mitsubishi Heavy Industries Reach Agreement On Cost Reduction For 787 Production

    Boeing and Mitsubishi Heavy Industries, Ltd. (MHI) today announced an agreement to strengthen collaboration in ways that will enhance both companies’ competitiveness. The agreement includes efforts to reduce costs in MHI production of wings for the 787 Dreamliner and joint studies of advanced aero-structure technologies for future-generation commercial aircraft. MHI manufactures 787 composite […]


We’re Not Indebted To FAAN–Bi-Courtney

  …Says FG, FAAN Owe Us N200B Bi-Courtney Aviation Services Limited(BASL), operator of the Murtala Muhammed Airport Two (MMA2),Lagos, has said categorically that BASL is not indebted to FAAN and that instead it is FAAN and the Federal Government that are indebted to Bi-Courtney for an amount now in excess of N200 billion. BASL reaction […]


EFCC Arraigns Fidelity Bank Manager For Defrauding Customers Of N144.8M

    Lagos based businessman, Mr. Obi Chika Evans has told an Ikeja High Court how a former Head of Operations, Chinedu Eze-Akudo, at Fidelity Bank, Lekki had allegedly defrauded him and other customers to the tune of N144.8 million. Eze-Akudo, who served as manager at the Victoria Garden city branch, was arraigned by the […]


Man Petitions Edo Assembly Over ATM Dispensation Of Fake Note

  A federal civil servant in Edo State, Mr. Charles Ajiboye, has petitioned Edo State House of Assembly, alleging that the Automated Teller Machine, ATM, of a new generation bank in Benin, was dispensing fake Naira notes. According to News Rangers, the petition, which was read during the House’s proceedings yesterday by the Clerk of […]