Author: topnews

NDLEA intercepts cocaine shipment at Lagos hotel

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Suspects preparing to ingest 200 wraps of cocaine have been apprehended by operatives of the National Drug Law Enforcement Agency on Wednesday in a hotel. The operation, based on intelligence, targeted individuals attempting to smuggle drugs to Saudi Arabia for the ongoing Hajj pilgrimage. The agency’s Director of Media and Advocacy, Femi Babafemi, shared the information via his X account on Thursday, along with a video showing the intercepted contraband. Sharing a video, he wrote, “Caught in the Act: They were preparing to swallow 200 wraps of cocaine ahead of…

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Court orders forfeiture of property worth N11.14bn linked to Emefiele

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An order for the interim forfeiture of property valued at N11.14 billion allegedly linked to former Central Bank of Nigeria, CBN, governor, Mr. Godwin Emefiele has been granted by a Federal High Court in Lagos yesterday. Trial judge, Justice Chukwujekwu Aneke, granted the order following an-ex parte application filed and argued by Economic and Financial Crimes Commission, EFCC, counsel, Mr. Rotimi Oyedepo, SAN. The court’s order mandates the interim forfeiture of the property to the Federal Government. Oyedepo informed the court that Emefiele was suspected of purchasing the high-value property,…

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Fidelity Bank undertakes ₦29.6 billion rights issue, ₦97.5 billion public offer

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Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”). The Combined Offer is a part of the Bank’s strategy to increase its share capital base in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (“CBN”) on 28 March 2024. Overall, the Bank expects that…

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Senate approves 300% pay rise for CJN, other judicial officers

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A bill that grants 300 per cent salary increase for judicial officers at the federal and state levels has been approved by the Senate on Wednesday. The Red Chamber approved the Senate Committee on Judiciary, Human Rights, and Legal Matters, chaired by Senator Mohammed Tahir Monguno (APC- Borno North), and presented a report to the lawmakers. This follows the consideration and adoption of an executive bill transmitted by President Bola Tinubu, which sought to prescribe improved salaries and allowances as well as other fringe benefits for judicial officers and workers.…

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N16b: Whistle blower exposes Zenith Bank’s fraudulent transactions with Femi Otedola’s accounts

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There are indications that all is not well between billionaire businessman, Femi Otedola and the chairman of Zenith Bank Plc, Jim Ovia, over an alleged multibillion naira fraud has taken a turn for the worse. According to an online news platform, TheCable: Otedola had accused Zenith Bank of unlawfully using the account of his company, Seaforce Shipping Limited, to trade in 2011 without his knowledge or consent. Although this and other allegations are being investigated by the Force Criminal Investigation Department (FCID) of the police, moves are being made to…

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Police officer slumps, dies at Force HQ

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DCP Abubakar Mohammed Guri, a Deputy Commissioner of Police, the DC in office of COMPOL MOPOL, Force Headquarters, Abuja on Monday 3rd June, reportedly slumped and gave up the ghost. Sources said the late DCP who was in his uniform, slumped on his seat in his office and was quickly taken to the Clinic inside Police headquarters for medical assistance, where he was confirmed dead. No official reasons have been adduced for the death of the officer who was said to have looked hale and hearty and exchanged pleasantries with…

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Serial killer-passengers arrested by police in Lagos

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Policemen in Lagos State have arrested two members of a syndicate specialised in the killing of e-hailing drivers and profiting from the sales of the vehicles stolen from their victims. The arrested members include Roqib Moshood and an alleged accomplice, Olawale Kolawole. It was learnt that efforts were on to arrest other fleeing gang members, including Yusuf Adeyemi, who, alongside Moshood, allegedly killed an e-hailing driver, Oluwaseun Adeniran, dumped his corpse by the roadside and stole his vehicle. A source who spoke on the condition of anonymity said the suspects…

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Herbert Wigwe: RCCG suspends Pastor Iluyomade from City of David parish

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The Redeemed Christian Church of God (RCCG) has suspended Pastor Idowu Iluyomade, the Senior Pastor of the City of David parish, due to the growing controversy surrounding his wife’s 60th birthday bash, days after the death of Access Bank’s former CEO, Herbert Wigwe, a prominent member of the church who died along his wife and son in an helicopter crash. The suspension, which reportedly occurred over the weekend, has stirred discussions within the church community. The suspension was a decision made by the church’s governing council not Pastor Enoch Adeboye, the…

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70-year-old grandpa arrested with 57.2kg of cannabis, N2.1bn codeine, Loud consignments seized

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A 70-year-old grandfather has been arrested by operatives of the National Drug Law Enforcement Agency, with 57.2kg of cannabis in Nasarawa State and also seized over N2.1bn codeine-based syrup and Loud -a synthetic cannabis strain, at the Port Harcourt seaports and the Murtala Muhammed International Airport in Lagos. Also arrested by the anti-drug operatives were two suspects with 426kg of cannabis in Ekiti State. The developments were made known on Sunday in a statement signed by the NDLEA’s Director of Media and Advocacy, Femi Babafemi. The anti-narcotics agency also made…

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ASUU joins NLC, TUC nationwide strike

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The Academic Staff Union of Universities has joined the ongoing strike by the organised labour comprising Nigeria Labour Congress and Trade Union Congress. This is coming after the Federal Government failed to meet the unions’ minimum wage demand. In a statement addressed to the branch chairpersons and zonal coordinators of ASUU on Monday, the association’s President, Emmanuel Osodeke, directed lecturers in universities across the country to join the strike as an affiliate of the congress. The statement read, “The NLC has declared an indefinite strike action beginning from Monday, 3rd…

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