Category: News

Mauritius ex-finance minister rearrested in new fraud probe

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Renganaden Padayachy, Mauritius’s former finance minister has been arrested Wednesday over a second fraud case, two days after having been released on bail over another affair, police said. The latest arrest of Renganaden Padayachy concerns alleged fraud against the Mauritius Investment Corporation (MIC), created in 2020 by the Bank of Mauritius to support businesses during the Covid-19 pandemic, said police. It was carried out at the request of the Financial Crimes Commission (FCC). In this case, police are investigating the MIC’s payment of approximately $1 million to Menlo Parks Ltd/Pulse…

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British Minister’s X account hacked to promote crypto scam

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A British minister’s X account was hacked on Tuesday to promote a fraudulent “House of Commons” cryptocurrency, her spokesperson said. “Lucy Powell’s personal X account was hacked this morning,” said a spokesman for the MP, who has been leader of the House of Commons since July. “Steps were taken quickly to secure the account and remove misleading posts,” he added. The verified account, followed by nearly 70,000 people, was used early Tuesday to spread a series of messages promoting the “House of Commons Coin ($HCC)” cryptocurrency, allegedly linked to the…

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Dollar Ponzi scheme, CBEX crashes…Angry mob loot Ibadan office

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It was sorrow, tears and shock for many Nigerians that invested in a Ponzi scheme named CBEX after it crashed this week. Before the recorded loss, many people invested in the scheme which was advertised on social media with screenshots of account balances from $1,000, $10,000, and $85,000. On Tuesday morning, investors woke up to the reality that their accounts have been blanked, with no access to funds. In fact, there was an instruction that, except they comply with a new directive to deposit more funds to withdraw from their…

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Portable in police net for alleged criminal defamation, threats to Fuji star, Saheed Osupa

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Controversial singer, Habeeb Okikiola Badmus, popularly known as Portable, is in the news again. This time, he has been arrested by the Kwara State Police Command over allegations of criminal defamation, threat to life, incitement, and character assassination against Yoruba Fuji musician Mr. Okunola Saheed a.k.a Osupa. According to a statement issued on Sunday by the Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, the arrest followed a formal petition filed by Mr. Saheed Osupa alleging that Portable engaged in conduct likely to cause a breach of peace, including the use…

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US court orders FBI to release records of Tinubu’s drug case

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A U.S. federal judge had ordered the FBI and the DEA to release investigative records relating to Tinubu, stemming from a purported narcotics trafficking investigation in the 1990s. According to PREMIUM TIMES, Judge Beryl Howell of the U.S. District Court for the District of Columbia handed down the order on Tuesday, rejecting the government agencies’ attempts to withhold the documents under the so-called “Glomar response” — a policy allowing agencies to refuse to confirm or deny the existence of records. “The claim that the Glomar responses were necessary to protect…

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Siemens top executive, wife and three children die in helicopter crash

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A couple who are senior corporate executives at Siemens have died along with their three children in an helicopter crash. Report says the corporate titans, Agustín Escobar and his wife, Mercè Camprubí Montal died with their three children, whose ages were four, five and 11. The pilot of the helicopter also died in the accident. The passengers died in a helicopter crash at Hudson River in New York while sightseeing. Siemens has sent its condolences, saying: “We are deeply saddened by the tragic helicopter crash in which Agustín Escobar and…

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Overbilling: 8 DisCos fined N628m

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Eight power distribution companies (DisCos), have been sanctioned by the Nigerian Electricity Regulatory Commission (NERC) for noncompliance with the capping of estimated bills for unmetered customers. In a statement yesterday, NERC indicated that the affected DisCos are Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola. NERC said the companies overbilled customers in violation of energy caps set by the regulator for the third quarter of 2024 (July to September). The commission said the sanctions were issued pursuant to Section 34(1)(d) of the Electricity Act of 2023. NERC stated: “The…

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Sterling Bank Takes Sides with Nigerians …Eliminates bank transfer fees

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In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut from customer transactions on its own app. The initiative marks a turning point in the industry and reflects the bank’s deep-rooted commitment to building a future where banking is affordable, accessible, and in tune with the everyday needs of Nigerians. “This is not a gimmick. This is the…

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23 Anambra indigenes on death row in Indonesia over drugs – Soludo

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Chukwuma Soludo, Anambra State Governor, has said 23 indigenes of the state are currently on death row in Indonesia for drug-related offences. Soludo made this known on Wednesday while addressing a group of All Progressives Congress members who defected to the All Progressives Grand Alliance in support of his re-election bid. “Go to Indonesia, 23 Ndi Anambra are on death row there for drug-related offences,” he said. He attributed the development to the influence of fake native doctors who deceive young people into believing they can evade security checks when…

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Kemi Olunloyo disowns family after ex-gov father’s death

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Kemi Olunloyo, controversial media personality, has renounced her family name and distanced herself from the family of her late father, former Oyo State Governor, Dr Victor Omololu Olunloyo. The former governor, a renowned Mathematician and politician, died on Sunday, April 6, at the age of 89. In a series of posts and videos shared on her Facebook and TikTok pages, Olunloyo declared that she no longer considers herself part of the Olunloyo family and would not be accepting condolences over her father’s death. “I am uploading video statements on my…

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