LAGOS JULY 5TH (NEWSRANGERS)-Polaris Bank Limited, led by Kayode Lawal, is allegedly involved in a fraud worth N16.5 billion. This is as the Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, has taken over the prosecution of the bank and a staff member, Chinenye Duru, for diverting N16.5 billion belonging to a…
LAGOS FEBRUARY 25TH (NEWSRANGERS)-Amid the free fall of the naira to the United States dollar, traders who deal in grains have devised a way to sell their wares to neighbouring countries for higher profits, Sunday PUNCH has learnt. Many of them, who spoke to our correspondents, claimed that they preferred to sell their wares to…
LAGOS JULY 20TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, Enugu Zonal Command on Wednesday July 19, 2023, arraigned one Obiorah Anthony Emelife before Justice C.O Ajah of Enugu State High Court, Enugu for alleged Seventy-two Million Naira fraud. The defendant was arrested sometime in 2023 following a petition that he allegedly defrauded one Atansi Obinna…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The managing director of the Yobe Micro Finance Bank, Sheriff Almuhajir, has alleged that the sum of N4.3 billion approved by the Central Bank of Nigeria, CBN, for banks in Yobe State has been diverted elsewhere. Mr Almuhajir made the claim in a video posted on his Facebook page on Tuesday. “My people…
LAGOS MAY 17TH (NEWSRANGERS)-Nigeria’s economic crimes agency said on Monday night it had arrested the country’s accountant general over charges of diverting public funds and money laundering to the tune of 80 billion naira ($193 million). Africa’s biggest economy and energy producer, Nigeria has struggled for decades with endemic corruption among senior public servants and…
LAGOS NOVEMBER 12TH (NEWSRANGERS)-A former governor of Edo State, Lucky Igbinedion, has been detained by the Economic and Financial Crimes Commission. According to available information, Igbinedion who finished his tenure as governor in 2007 is being grilled at the Abuja headquarters of the EFCC for allegedly diverting public funds to the tune of N1.6 billion….
LAGOS AUGUST 3RD (NEWSRANGERS)-The Independent Corrupt Practices And other Related Offences Commission (ICPC) has raided the offices of the National Broadcasting Commission (NBC) over N10billion fraud perpetrated under the supervision of Nigeria’s Information Minister Mr Lai Mohammed and suspended Director-General of the commission, Mr Ishaq Modibbo Kawu. Sources to Pointblanknews.com revealed that a N10 Billion…
LAGOS MAY 1ST (NEWSRANGERS)-The Economic and Financial Crimes Commission (EFCC) has arrested a Lagos banker, Elizabeth Modupe Osunjuyigbe for an alleged fraudulent diversion of funds to the tune of over ₦34m In a statement issued on Friday by EFCC spokesman, Wilson Uwujaren, the Lagos zonal office of the anti-graft agency quizzed the suspect said to…