Buhari’s daughter, Zahra, threatens Sahara Reporters over N51bn fraud story

Zahra Buhari-Indimi, one of the daughters of President Mohammadu Buhari, has denied ever defrauding the Federal Government of Nigeria of N51bn, N2.5bn, or any amount contrary to stories published in an online medium,’ Sahara Reporters. The President’s daughter stated this in a letter dated March 8, 2021. The letter was signed by her lawyer, Nasiru Aliyu (SAN), and addressed to Sahara Reporters. In the letter, Buhari’s daughter accused Sahara Reporters of “injurious defamation” in a story published on March 5, 2021 titled, ‘How APC Chieftain, Danu, Custom Boss Defrauded Nigerian…

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Fidelity Bank Supports CBN’s New FX Policy, Targets Improved Diaspora Remittance

Fidelity Bank Plc, a leading Nigerian bank has restated its readiness to continually support the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the country.   Fidelity Bank CEO, Mrs. Nneka Onyeali-Ikpe who made this known on Saturday at the inaugural edition of the Fidelity Diaspora Webinar Series in Lagos stated that the bank would leverage its robust digital infrastructure, bespoke product offerings and extensive partnership with International Money Transfer Operators (IMTOs) to strengthen remittances inflows.   While applauding…

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Reps tackle FG over Ibori loot

The House of Representatives has asked the Federal Government not to spend the £4.2m (N2.2bn) seized from former Governor James Ibori until it concludes an investigation of the repatriation process. This is just as members of the House from Delta State, where Ibori was governor and looted its treasury, insisted that the money should be taken back to the state while alleging that the actual amount is £6.2m, and not £4.2m. The House consequently resolved to investigate the circumstances surrounding the recovery and planned disbursement of the loot. The PUNCH had…

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“Gov. Wike gave N500m to Sokoto but refused to pay our salary for five years” -Protesting Rivers Teachers

A group of teachers protesting the non-payment of their over salaries over the last five years have criticised Rivers State Governor, Nyesom Wike for donating N500m to Sokoto State Government over a burnt market rather than see to the welfare of its people. The protesting teachers, numbering over 250, with placards and banners, alleged that they have lost about ten of their colleagues due to the hardship experienced within the period. The protesting teachers, who came out with their children, as well as sympathizers from the civil society organizations in…

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Stanbic IBTC, named in ex-Custom boss, Dikko’s fraud and concealment case

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has told a Federal High Court, Abuja how a private lawyer, Mr. Umar Hussaini received the sum of N1.1 billion from Cambial Ltd, an estate development firm over the sale of 120 units of houses for officers of the Nigeria Customs Service. Hussaini is facing a 2-count charge of obtaining by false pretence contrary to and punishable under the Advance Fee Fraud and Other Related Offences Act 2006 before Hon Justice Ijeoma Ojukwu, of the Federal High Court, Abuja. While…

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3 jailed for attempting to dupe Dangote $32k

A Lagos State High Court presided over by Justice S. S. Ogunsanya, on Tuesday, sentenced a former General Manager of the Dangote Industries Limited, Mojisola Aladejobi and two others Raymond Akanolu and Balogun Alaba, to seven years’ imprisonment over a $32,000 insurance fraud. The convicts were arraigned by the Economic and Financial Crimes Commission on two counts of conspiracy and attempt to obtain money by false pretences to the tune of $32,000. It was gathered that the convicts had sometime in October 2014 conspired among themselves to defraud Dangote Industries…

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