The Central Bank of Nigeria (CBN) has debunked reports that it has liquidated a deposit money bank even as it reiterated that Skye bank which recently had a change in board and management was distressed. The apex bank in a statement signed by the acting director, Corporate Communications Department, Issac Okoroafor,
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has blamed the continued decline of the naira against global other currency on the huge demand for foreign exchange (FOREX) necessitated by the importation of petroleum product into the country. According to the minister, between 30 to 40 per cent of
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Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested a suspected impersonator posing as the former Executive Chairman of the Commission, Mr. Ibrahim Lamorde.The suspect, Promise Tochi Nwalozie was arrested in Port Harcourt, Rivers State, in a sting operation that yielded the arrest of six other internet fraudsters.One
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The acting Managing Director of the Federal Mortgage Bank of Nigeria, FMBN, Richard Esin, has sought the assistance of the Economic and Financial Crimes Commission, EFCC, in the recovery of bad debts totaling over N70 million owed by some property developers.This is even as the FMBN, who stated that
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The Nigeria Police, yesterday, paraded arrested suspected notorious kidnap for ransom gang that has been linked to kidnapping and violent crimes along Kaduna-Abuja and its environs. The suspects, Haruna Adamu, 25 yrs Gang Leader, Shaibu Adamu, 18 and Abubakar Saidu, 30 were arrested were arrested after coordinated and painstaking investigation by the Intelligence Response
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Abia Guber Tussle: Ikpeazu Wins First Appeal By CHRIS EKEKE, Abuja Governor Okezie Ikpeazu of Abia State has won the first appeal delivered by the Court of Appeal in Abuja with respect to the judgments of the Federal High Court in Abuja June 27 removing him from office.Ikpeazu’s appeal was with respect
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The country has lost billions of naira in 1,600 cases of pipeline vandalisation since the beginning of the year, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu said in Lagos yesterday.Kachikwu made the disclosure at the 2016 Annual Conference of National Association of Energy Correspondents with the theme:
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The government of Pakistan has expressed the desire and readiness of the country to train and equip the officers and men of the Nigeria Police Force.The Chief of Defence staff of Pakistan, Lt. General Najib Ullah Khan Hi, while on courtesy call on the Inspector General of Police Ag. IGP
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The National Pension Commission(PENCOM) is currently compiling list of companies and organizations defaulting in remitting employees contributions to Pension Fund Administrators (PFA's). The Commission also said it would involve the Economic and Financial Crimes Commission(EFCC) and other law enforcement agencies to prosecute defaulters. The Director-General of PENCOM,Mrs Chinelo Anohu-Amazu, who disclosed these
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Benue State Commissioner of Police, Mr Bashir Dabup Makama, has explained that a member of the Nigerian Bar Association, NBA, who was being detained, is an alleged accomplice of wanted gang leader, Mr Terwase Akwaza, alias Ghana.The CP, who made the disclosure at a joint press briefing by members of
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