The Federal High Court in Abuja has ruled against one Babatunde Victor Segun in a lawsuit where he claimed that his bank account was unlawfully frozen by the Central Bank of Nigeria (CBN) and United Bank of Africa (UBA). Trust News Africa understands that Segun filed the suit, marked FHC/ABJ/CS/1339/2021, in 2021, alleging that the…
The Economic and Financial Crimes Commission (EFCC) has urged compliance officers of banks across the country to refrain from disclosing unauthorized information about EFCC’s investigation activities and requests for information from banks to their customers. The Executive Chairman of the commission, Ola Olukoyede, made the declaration during a meeting with bank compliance officers in Ibadan….
Governor Siminalayi Fubara of Rivers State has ordered immediate temporary relocation of the sitting of the State House of Assembly to the Auditorium, Admin Block of the Government House, Port Harcourt. The order was contained in the State’s official Gazette, Executive Order of the Rivers State Government 001-2023. According to the governor, the decision was…
Senator Ali Ndume has condemned the controversial cybersecurity levy recently introduced by the Central Bank of Nigeria, adding that the Federal Government cannot continue to impose levies on Nigerians without increasing their income. The All Progressives Congress lawmaker representing Borno South Senatorial District, disclosed this on Channels Television’s Politics Today Programme on Friday. Ndume stressed…
A federal appeals court has upheld the criminal conviction of former Trump strategist Steve Bannon. The decision may soon send Bannon, 70, to prison, after years of legal wrangling. He was convicted in 2022 of contempt of Congress for refusing to provide testimony or documents to the committee probing the 6 January Capitol riot. Bannon’s…
An executive director of United Bank for Africa, Ugochukwu Nwaghodoh and Group Company Secretary, Bili Odum, have acquired 27 million units of the financial group’s shares. The value of the newly acquired shares was about N701.49m, according to details of the transaction filed with the Nigerian Exchange Limited on Friday. Nwaghodoh bought 12 million shares…
The embattle senior executive of cryptocurrency exchange Binance, Tigran Gambaryan, has appealed for assistance from the government of the United States of America in a viral video recorded in detention. In the video footage circulating online, Tigran Gambaryan revealed that he has been detained for a month, adding that he recently discovered his partner, Nadeem…
Justice J.A. Kereng of the Gombe State High Court, sitting in Gombe on Friday, May 10, 2024 convicted and sentenced one George Habu Nuhu to six months imprisonment for fraud. Nuhu was prosecuted by the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC on a one-count charge of intent to defraud. The…
shareholders of Zenith Bank Plc, at the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Wednesday, 8 May 2024, approved the proposed final dividend payment of NGN3.50 per share. That brings the total dividend for the 2023 financial year to NGN4.00 per share, with a total value of NGN125.59…
