Cascador and Sterling Bank Launch Breakthrough Funding for Nigerian Entrepreneurs

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Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures. Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business mentorship, tailored repayment terms, and dramatically reduced collateral requirements. “This is a breakthrough moment for Cascador and for the entrepreneurs we serve,” said Dave DeLucia, Founder of Cascador. “Through our partnership with Sterling Bank, we’re deploying capital in…

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Romance scam: Nigerian arrested in Canada for $600,000 scam

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A Nigerian, Chimezie Nwabueze, has been arrested by the Canadian Police for his alleged involvement in a $600,000 romance scam. A statement on the website of the Peel Regional Police disclosed that Nwabueze was arrested on April 28. The statement noted that Nwabueze had allegedly lied to his victims that he owned an oil rig in the Middle East, which he needed money to sort out with the promise of repayment. Nwabueze was said to have cut off communication with the victims when they confronted him, leaving the victims with…

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Man jailed for not declaring £8,020, $704 at airport

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One Agudosi Okechukwu has been sentenced to six months imprisonment by Justice Yellim Bogoro of the Federal High Court in Lagos, on Friday, for failing to declare foreign currencies at the Murtala Muhammed International Airport, Lagos. Okechukwu was arrested by operatives of the Nigerian Customs Service in December 2024 for failing to declare foreign currencies in the sum of £8,020 and $704 while attempting to travel. He had earlier declared £7,000 but concealed the remaining amounts. He was later handed over to the Economic and Financial Crimes Commission for further…

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NDLEA seizes N3.4bn worth opioids in Lagos, P/Harcourt sting operations

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The National Drug Law Enforcement Agency (NDLEA) intercepted about three million five hundred thousand (3,500,000) pills of opioids and one hundred and sixty-three thousand (163,000) bottles of codeine syrup with combined street value of over N3.4bn in Port Harcourt, Rivers State and Lagos State. The bulk of the seizures: two million pills of tafrodol 225mg and 163,000 bottles of codeine syrup, was made on Tuesday 29th April 2025 during a joint examination of a watch-listed container by NDLEA officers, men of Customs Service and other security agencies at the Port…

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Davido joins calls for VeryDarkMan’s release by EFCC

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Afrobeats music star, David Adeleke, popularly known as Davido, has joined the legion of voices, seeking the release of social media activist, VeryDarkMan, who was said to have been arrested by the Economic and Financial Crimes Commission (EFCC). It was learnt that, VDM was arrested shortly after leaving a Guaranty Trust Bank (GTBank) branch in Abuja, on Friday, May 2, 2025, where he had gone to address an alleged unauthorised deductions from his mother’s account. According to his legal counsel, Deji Adeyanju, VDM was apprehended by masked individuals believed to…

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Missing Nigerian nurse found dead in UK apartment

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A Nigerian nurse, Nnena Miriam’s lifeless body was discovered in her apartment in Leeds, United Kingdom, by police after she was declared missing, according to Fellow Nurses Africa — a platform committed to the growth and support of African nurses. Mariam’s failure to show up at her work place raised concerns and did not respond to calls from friends and associates. A close friend, alarmed by her silence, ultimately filed a missing person report. Police later found Miriam dead in her home. In an official statement released on Wednesday, Fellow…

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World’s oldest person dies at 116

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Inah Canabarro Lucas, a Brazilian nun and the world’s oldest person, has died on Wednesday at the age of 116, having barely survived infancy and attributing her long life to God, her order and two longevity trackers said. The title now passes to Ethel Caterham, a resident of Surrey, England, who is 115 years old, according to the US Gerontological Research Group (GRG) and the LongeviQuest database. Born on June 8, 1908, Canabarro became the world’s oldest person following the death in January of Japanese woman Tomiko Itooka, who was…

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Senior staff members of NNPC sacked in major restructuring

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  Many senior staff members of the Nigerian National Petroleum Company (NNPC) Ltd have been sacked, as Bayo Ojulari, the new boss moves to effect major changes in the organization. Those affected include Bala Wunti, former chief of National Petroleum Investment Management Services (NAPIMS), Ibrahim Onoja, managing director of the Kaduna Refinery and Lawal Sade, the chief compliance officer and former managing director of NNPC Trading. The reorganization, which affected more than 200 persons also culminated in the appointment of Maryam Idrisu as managing director of NNPC Trading — responsible…

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Socialite E-Money arrested for naira abuse released from EFCC custody

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Emeka Okonkwo, popular Lagos socialite, widely known as E-Money, was reportedly released on Tuesday evening after hours of interrogation by operatives of the Economic and Financial Crimes Commission (EFCC). E-Money had been arrested on Monday night at his residence in the Omole area of Lagos and subsequently taken to the EFCC’s office in Abuja. According to EFCC sources, his arrest was in connection with alleged abuse of the Naira and the defacing of foreign currencies—specifically, spraying United States dollars in a manner that contravenes the Foreign Exchange Act. An EFCC…

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Nigerian man jailed in US for defrauding 400 elderly people of inheritance

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Okezie Ogbata, a 36-year-old Nigerian national, has been sentenced to 97 months jail term in the United States for his role in a $6 million transnational inheritance fraud scheme. The United States Department of Justice disclosed this in a statement released on Monday. Ogbata was found to be a member of a group of fraudsters that sent personalised letters to elderly people across the United States for several years. The scheme defrauded over 400 individuals, mostly elderly or vulnerable, resulting in losses of more than $6 million. The letters falsely…

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