Court Sends Three Behind Bar For 20 Years Over Diversion Of Dead Man’s N34m Stocks

LAGOS MAY 26TH (NEWSRANGERS)-Justice Chukwuejekwu Aneke of the Federal High Court sitting in Lagos has sentenced the trio of Kasumu Ademola, Salau Mikailu, and Ganiyu Ishola to 20 years imprisonment. The three persons were sentenced on Wednesday after pleading guilty to diverting the shares of a dead client, identified as Mr Joseph Adeyemi, worth N34…

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Customs Officers Passing Night In Offices Risk Arrest-CAC

LAGOS MAY 26TH (NEWSRANGERS)-The PTML Area Command of Nigeria Customs Service (NCS) has banned its operatives from using their offices as homes. Customs Area Controller of the command, Compt. Ali Mahmud Ibrahim expressed displeasure over intelligence reports that some officers and non-officers of the service turned their offices into bedrooms and kitchens after closing hours….

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CBN Raises Interest Rate from 18% To 18.5%…The Development Is Third This Year

LAGOS MAY 24TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The apex bank governor, Godwin Emefiele, announced the decision  on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja. The development is the third consecutive time the apex bank will be raising…

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Detained Grammy Award Nominee, Seun Kuti Finally Regains Freedom

LAGOS MAY 24TH (NEWSRANGERS)-Afrobeat musician, Seun Kuti has been released on bail from detention having met his bail conditions. Lawyers representing the music star earlier in the day said he might be released on bail from detention on Tuesday as ordered by the Chief Magistrate, having fulfilled his bail terms. The lawyers, Adeyinka Olumide-Fusika (SAN)…

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