National Infinity Magazine

Why newly elected Lagos Assembly Speaker, Meranda agreed to step down

Benjamin Chukwudaalu, Political Reporter

Princess Mojisola Meranda has agreed to resign as the Speaker of the Lagos State House of Assembly, clearing the way for new leadership in the Assembly, The Witness reports. Sources disclosed that the announcement of her resignation has been delayed as President Bola Tinubu is yet to choose from the list of potential replacements presented to him by the leadership of the All Progressives Congress, APC, in the state. The decision follows discussions and interventions from prominent political figures, including former APC National Chairman Chief Bisi Akande and former Ogun…

FirstBank’s topshot forfeits N1.1bn, $392,818 fraud money to FG

Wura Kelani, Crime Reporter

A former top official of First Bank of Nigeria, Muiz Tijani Adeyinka, has forfeited the sum of N1,168,602,877.44; $392,818.01 and £35,070 recovered from him to the Federal Government. Justice A. O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos, ordered the final forfeiture of the monies on Tuesday. The judge gave the order following a motion on notice for the final forfeiture which was supported with an affidavit deposed to by Isah Yusuf Nadabo, an investigator with the Economic and Financial Crimes Commission, EFCC. Justice Owoeye had, on…