Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos has adjourned till March 13, 2025 further hearing in the trial of Ismaila Mustapha for an offence bordering on alleged money laundering. The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, had on January 12, 2022 arraigned Mompha alongside his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose…
Read MoreDay: 7 February 2025
Ex-Firstbank staff forfeits billions to FG
Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of the sums of N1,168,602,877.44, (One Billion, One Hundred and Sixty Eight Million, Six Hundred and Two Thousand, Eight Hundred and Seventy Seven Naira, Forty Four kobo) $392,818.01 (Three Hundred and Ninety Two Thousand, Eight Hundred and Eighteen United States Dollars, One Cent) and £35,070 (Thirty Five Thousand, Seventy Pound Sterling) recovered from one Muiz Tijani Adeyinka, a former employee of First Bank of Nigeria, FBN, to the Federal Government of Nigeria, FGN.…
Read MoreFG replaces JSS,SSS, with 12-year basic education model
The Federal Government has scraped all Junior Secondary School (JSS) and Senior Secondary Schools in the country and introduced a compulsory 12-year uninterrupted basic education model after which a Nigerian child can aspire to higher education. With this development, the Nigerian Government is seeking the abolition of 6-3-3-4 education system and replacing it with 12-4. This is even as it has sought the approval of the National Council on Education to officially adopt 16 years as the minimum entry age requirement into the country’s tertiary institutions. Minister of Education, Dr…
Read More