Metro Archives — City Business News

January 20, 2025 No Responses

Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others

An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million...

January 18, 2025 No Responses

Court Bars FRSC From Arresting Vehicles, Penalising Drivers With Faded Number Plates

A Federal High Court, sitting in Lagos has restrained the Federal Road Safety Corps (FRSC) from arresting vehicles with faded number plates.Justice Akintayo Aluko made the order on Friday and also restricted the FRSC from imposing any fine or punishment...

January 17, 2025 No Responses

EFCC Arrests More Suspected Internet Fraudsters In Benin

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday January 16, 2025 arrested 25 suspected internet fraudsters in a cybercrime training centre in Benin City, Edo stateThe suspects’ arrest at their hide...

January 15, 2025 No Responses

POWA President Pledges Improved Welfare For Police Widows, Orphans

The President of the Police Officers’ Wives Association (POWA), Dr. (Mrs.) Elizabeth Egbetokun, has reiterated the commitment of her leadership to improving the welfare of police widows and orphans in 2025.She made the pledge on Wednesday, 15th January 2025,...

December 24, 2024 No Responses

EFCC Arraigns Businessman For Alleged $35m Fraud

The Economic and Financial Crimes Commission, EFCC, on Monday, December 24, 2024, arraigned a businessman, Akindele Akintoye before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on charges bordering on money laundering and contract fraud.Akint...

December 24, 2024 No Responses

Yuletide: Luxury Bus Owners Begin 50% Fare Discount, Laud Tinubu

Association of Luxury Bus Owners of Nigeria (ALBON) has commenced the implementation of a 50 percent fare discount on designated long distance routes across the country.The decision is based on a recent partnership agreement reached between the Federal Governm...

December 21, 2024 No Responses

Xmas: Travellers Seek Fare Discount For Road Trips

Intending passengers to various destinations for the Christmas and new year day celebrations have cried out to the Federal Government to extend the free rail services announced early in the week, to road transport routes across the country.Alternatively, the t...

December 18, 2024 No Responses

Ahead Festive Season, NIWA Issues Safety, Security Alert

The National Inland Waterways Authority (NIWA) has issued a safety and security alert, urging Nigerians to prioritize safety while using the country’s inland waterways during the festive season. In a statement issued by NIWA on Wednesday, management, Authori...

December 16, 2024 No Responses

EFCC Re-Arraigns Ex-Bank PHB MD, Francis Atuche

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, December 16, 2024, re-arraigned a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, on a nine-count charge bordering on conspiracy to commit felon...

December 15, 2024 No Responses

Dufil Disburses Bursary To students From Seven Communities

Agro -Allied Resources and Processing (ARPN), a subsidiary of Dufil foods has registered its name in Edo State as a company interested in the development of communities around her plantation.City Business News reports that the Company, recently, disbursed burs...

November 22, 2024 No Responses

EFCC Arraigns REA Director For Alleged N223.4m Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned the Director of Human Resources Management of the Rural Electrification Agency (REA) Mr. Sulieman Garba Bulkwang before Justice Joyce Abdulmalik of the Federal High Court, Abuja for fraud.Accord...

November 11, 2024 No Responses

EFCC Reacts To Alleged Naira Abuse At Goje’s Daughter Wedding

The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a viral video where the nation’s currency, Naira, was freely sprayed at a wedding ceremony in Kano, Kano State on Friday, October 24, 2024.Allegations of the...

November 11, 2024 No Responses

Armed Group Demands 20% Shares Of Okomu Oil, Own LGA, Amnesty

Ongoing crisis within the Okomu community in the Ovia South West Local Government Area (LGA) remains unabated, notwithstanding the presence of military personnel around that axis.It will be recalled that in the Month of May this year, an armed group...

November 5, 2024 No Responses

Alleged N3b Fraud: I Exchanged Naira For Dollars For Yahaya Bello, Says BDC Operator

Jamilu Abdullahi, a Bureau de Change operator and the third prosecution witness in the trial of Ali Bello, on Tuesday, November 5, 2024, affirmed before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja that funds were brought to...