Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, March 24, 2025 busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja. They were arrested at the Compensation Layout in Gwagwalada area of the Federal Capital Territory, FCT, Abuja, following actionable intelligence on the existence of the Academy. According to a statement…
The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the…
Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, has disclose his plan to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria. He also said two new lines with a capacity of 6.0 million metric tons per annum, (Mta), for the cement plant is being constructed…
Unity Bank Plc has reaffirmed its commitment to women’s empowerment with a series of high-impact initiatives designed to inspire action toward gender equality and sustainable development. The Bank hosted a webinar with the theme: “Unleashing Women’s Potential,” pivoted by the Unity Bank Women Network as it was marking this year’s International Women’s Day, Being one…
Over one million Nigerians nationwide will receive a 10kg bag of rice each as the Aliko Dangote Foundation (ADF) Thursday commenced the distribution of the staple food as part of the 2025 Annual National Food Intervention Project estimated at a whooping cost of N16billion. Speaking during the flag-off of the nationwide distribution in Kano, Chairman…
The Economic and Financial Crimes Commission, EFCC, has issued a public warning regarding the activities of 58 companies allegedly operating illegal Ponzi schemes under the guise of investment opportunities and defrauding innocent Nigerians of their hard-earned money. The warning is contained in a statement issued by the EFCC Spokesperson, Dele Oyewale, in Abuja. The commission stated that the companies are neither registered…
Operatives of the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate have arrested 28 suspected ponzi scheme operators in Minna, Niger State. In a statement released on Tuesday, EFCC disclosed that the suspects were apprehended after credible intelligence linked them to fraudulent investment activities with a company, Q-Net Ltd, which operates from a three…
As the world celebrates International Women’s Day 2025, Africa’s Global Bank, United Bank for Africa (UBA) continues to reinforce its unwavering commitment to gender diversity, equality, and empowerment. This year’s IWD global theme, “Accelerate Action”, aligns perfectly with UBA’s drive to champion inclusion and create meaningful opportunities for women in the workplace. On Wednesday, the…
President Bola Ahmed Tinubu has appointed Shamsedeen Babatunde Ogunjimi as the new Accountant General of the Federation. His appointment, approved today, takes effect from 7th March 2025, the same day the incumbent Oluwatoyin Madehin will retire. Ogunjimi, 57, was first named as Madehin’s successor last December. In a statement issued on Tuesday, the Special Adviser…
In consolidation of measures to ensure that Lagosians in transit and motorists alike enjoy safer driving and commuting across the State, the Lagos Environmental Sanitation Corps (LAGESC) popularly known as KAI, has apprehended six suspected vendors for engaging in the illegal sales of sachet alcohol and aphrodisiacs in traffic around the Iyana-Isolo-Ilasamaja axis of the…