The Central Bank of Nigeria (CBN) has issued a directive to prominent financial technology companies in the country, including OPay, Palmpay, Kuda Bank, and Moniepoint, instructing them to cease onboarding new customers until further notice. This move by the CBN has significant implications for the fintech industry in Nigeria and raises questions about the regulatory … Read more
Another supermarket in Abuja has been sealed off by the FCCPC as part of their efforts to combat unfair practices in the retail sector. This action is aimed at fostering fair competition and shielding consumers from price fixing schemes. Background on FCCPC’s Role in Consumer Protection In Nigeria, the FCCPC serves as a regulatory authority … Read more
In a surprising turn of events, the EFCC has issued a statement declaring Yahaya Bello as a wanted individual for his alleged involvement in money laundering schemes amounting to a massive 80 billion naira. This news has had a profound impact on the political scene, considering Bello’s influential position as the previous Governor of Kogi … Read more
The Economic and Financial Crimes Commission (EFCC) has recently made headlines by obtaining a warrant for the arrest of Yahaya Bello, the former governor of Kogi State. This development comes after a Federal High Court in Abuja granted the EFCC’s request for the warrant, citing alleged financial misconduct during Bello’s tenure as governor. Background on … Read more
The case against Cubana Chief Priest revolves around allegations of financial misconduct and abuse of the Nigerian currency, the Naira. The socialite was accused of engaging in activities that violated laws governing the use and handling of the national currency. After careful consideration of the evidence presented and arguments made by both the prosecution and … Read more
The EFCC’s recent breakthrough in capturing Ali Desmond Chinedum, a suspected internet fraudster, in Port Harcourt, Rivers State, highlights the agency’s dedication to combating cybercrime. The recovery of various electronic devices and identity cards from the suspect underscores the complexity of his activities and raises concerns about potential ties to global cybercrime networks. This arrest … Read more
The Economic and Financial Crimes Commission (EFCC) in Nigeria has been actively pursuing cases of financial fraud and abuse, with investigations ongoing and progressing steadily. The EFCC has made it clear that no one allegedly involved in fraud has been cleared, and the public is urged to disregard any claims suggesting otherwise. Public Support and … Read more
Officer Cadet Owowoh Princess Oluchukwu made history on Friday by becoming the first-ever Nigerian female officer to graduate from the UK’s prestigious Royal Military Academy Sandhurst (RMAS). At the age of 24, Oluchukwu was among the 135 Officer Cadets who graduated during RMAS’ Sovereign’s Parade in London, United Kingdom. Background and Journey to RMAS In … Read more
Applications for the 2024 Presidential Conditional Grant Scheme are now being accepted. Here is important information about the grant. About The Scheme Beneficiaries will receive a grant of N50,000.00 (Fifty Thousand Naira) each, with the aim of reaching one million nano businesses across the 774 local government areas.The Federal Government will work in conjunction with … Read more
The Nigerian Electricity Regulatory Commission (NERC) implemented a tariff increase on April 3, 2024, affecting customers under the Band A classification who receive 20 hours of power supply daily. This move has been met with criticism from human rights lawyer Femi Falana, who accused the government of planning to extend the tariff increase beyond Band … Read more