Business Law
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CRIME
€100m Fraud Trial: EFCC Drags BFI Group, Six Executives Before Court Over Alleged Bid to Dupe CBN
The Economic and Financial Crimes Commission (EFCC) has arraigned BFI Group Corporation and six of its top officials before the Federal…
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BUSINESS
N4.29bn Fraud Trial Stalls as UBA, Akinyemi, Eziashi, Others Absent; EFCC Alleges Forex Racketeering
Proceedings in the alleged ₦4.29 billion fraud, forex racketeering, and money laundering case involving United Bank for Africa Plc (UBA)…
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BUSINESS
Court Grants Bail to Suspected Hackers in N60.4m Lotus Bank Cyber Heist
Serious questions are being raised about cybersecurity lapses in Nigeria’s banking sector after three men accused of masterminding a ₦60,479,480…
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BUSINESS
WEMA Bank Staff Denied Bail Over Alleged N8.5bn Mega Fraud as Accomplices Plead Guilty
It was high drama at the Lagos Special Offences Court, Ikeja, on Monday as Justice Rahman Oshodi refused to grant…
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BUSINESS
Court of Appeal Nullifies Registration of ‘KPMG Professional Services’
TitleCourt of Appeal Nullifies KPMG Professional Services RegistrationDescriptionKPMG Nigeria faces a setback as the Court of Appeal nullifies its Professional…
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BUSINESS
US Court Jails Extradited Nigerian Newton Jemide Over $8m Disaster Fraud
A United States District Court has sentenced a France-based Nigerian, Newton Ofioritse Jemide, to three years and five months in…
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BUSINESS
SunTrust Bank Executives Arraigned Over Alleged $12m Money Laundering Scheme
Two top executives of SunTrust Bank Ltd were on Friday arraigned before Justice Emeka Nwite of the Federal High Court…
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BUSINESS
Former Union Bank Director Testifies on $2.3 Million Debt Write-Off Linked to Arik Air
LAGOS — A former Group Executive Director of Union Bank PLC, Mr. Austine Obigwe, has told the Lagos State Special…
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BUSINESS
Investor Testifies Against Agrorite Global, Reaprite Limited Promoter Over Alleged N600m Fraud
The trial of Ayodele Toyosi, the promoter of Reaprite Global Limited and Agrorite Limited, continued before Justice Olubunmi Abike-Fadipe of…
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BUSINESS
ECOWAS Court Dismisses Property Rights Violation Suit by Nigerian Software Developer
ECOWAS Court Rules Against Nigerian Software Developer's Solomon Ekolama Claims of Intellectual Property Theft
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