How Madueke Used 3 Oil Coys, 2 Individuals To Launder $115M—Witness

  As the trial of former People’s Democratic Party (PDP), governorship candidate in Kwara State, during the 2015 general election ,Mr. Mohammed Dele Belgore and former Minister for National Planning, Dr. Abubakar Sulaiman continued, an  operative of the Economic and Financial Crimes Commission (EFCC),  Mr Usman Zakari today, narrated before a Federal High Court, Lagos, […]

Alleged Armed Robbery : Court Remands Lagos Property Developer

  An Igbosere Chief Magistrate Court, Lagos on Tuesday, ordered the remand of a property developer, Felix Ezeamama, in Prisons Custody over alleged armed robbery, attempted murder and willful damages. The court presided over by Chief Magistrate Abimbola Komolafe (Mrs) gave the remand order of the suspect, following a remand application brought and argued before […]

Discriminatory Forex Intervention Policy: Oil Marketer Drags FG To Court

  In a bid to forestall the continued implementation of alleged discriminatory Forex investment policy to the advantage of some importers of petroleum products, an Independent Oil Marketer in the downstream sector of the economy, Spot Market Oil(Overseas) Limited has dragged the Federal Government before a Federal High Court in Lagos. Joined as co -defendants […]

I Delivered £600,000 To Ladoja’s Daughter In London–Witness Insist

  As the trial of former Oyo State governor, Alhaji Rashidi Ladoja and his former commissioner for finance, Mr Waheed Akanbi over alleged N4.7 billion fraud continued at the Federal High Court, Lagos, prosecution witness, Mr Waheed Atanda today insisted that he delivered the sum £600,000 to Bimpe Ladoja, daughter of  former governor Ladoja while […]

Charge Ubah Or Release Him Within 48 Hours, Court Orders DSS

  Federal High Court sitting in Lagos today ordered the immediate release of the Chairman/ Chief Executive Officer of Capital Oil and Gas Limited Dr Ifeayin Uba from the custody of Directorate of State Services(DSS) within 48 hours or charge him to court. Justice Mohammed Idris made the order while ruling on a fundamental rights […]

Illegal Debt Recovery: Company Drags FCMB To court, Alleges Cooked- Up Debt

  A Lagos-based limited liability company; Bodex Telecom Nigeria Limited and its managing Director, Olabode Agboola, have Slammed N20 million suit on First City Monument Bank Plc (FCMB) and three others, over alleged threat and deploying stringent and forceful measure to recover illegal debt from them. The applicants in the suit marked FHC/L/CS/481/17, Joined as […]

Integrated Microfinance Bank’s M.D, Akinteye, Director Remanded Over $166.9M Unsecured Loan

  The Managing Director of the defunct Integrated Micro-finance Bank Limited Mr Simon Ademola Adeteye and a Director of the bank Mr Gabriel Adepoju have been arraigned before a Federal High Court Lagos for allegedly granting a loan of $166. 9 million without collaterals. The accused persons were arraigned before Justice Mojisola Olatoregun on a […]

Money Laundering: Court Defers Ruling On Fani-Kayode’s Application On Jurisdiction

  Former spokesman to ex-President Goodluck Jonathan’s Campaign Organisation, Mr. Femi Fani-Kayode, former Minister for Finance, Mrs. Nenadi Esther Usman and one Danjuma Yussuf have failed in their bids to have their trial over alleged N4.6 billion fraud transferred out of Lagos Division of the Federal High Court, as the new Trial Judge Justice Babs […]

Court Declines To Release Ifeanyi Ubah Over Conflicting Orders

  Justice Mohammed Idris of Lagos Federal High Court today; Friday, declined to compel the Directorate of State Security (DSS) to release the oil magnet, Dr. Patrick Ifeanyi Ubah. Recalled that the judge had on May 9, while granting an Ex-parte application filed and argued by Ubah’s lawyer, Mrs. Ifeoma Esom, ordered the DSS and […]

N1.5B Scam: Appeal Court Acquits Ex NIMASA D-G, Omatseye

    The Lagos Division of Court of Appeal, Thursday overturned the five-year conviction of a former Nigerian Maritime Administration and Safety Agency (NIMASA) Director-General, Temisan Raymond Omatseye for alleged contract splitting. The appellate court discharged and acquitted Omatseye of all the 24 counts upon which he was convicted by a Federal High Court, Lagos, […]