Kyari, NNPCL Board sacked, Engr Ojulari appointed as new GCEO

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The Group Chief Executive Officer, GCEO, of the Nigerian National Petroleum Company, NNPC Limited board, Mallam Mele Kolo Kyari, has been sacked by President Bola Tinubu, alongside the board chairman, Chief Pius Akinyelure. President Tinubu also removed all other board members appointed with Akinyelure and Kyari in November 2023. This was made public via a statement issued in the early hours of Wednesday by the presidential spokesman, Bayo Onanuga. According to the statement, the new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida…

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Woman arrested for trafficking daughter for N50,000 to Mauritania

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A woman and her syndicate have been arrested by operatives of the Zone 2 Command of the Nigeria Police Force for allegedly trafficking young girls to Mauritania as commercial sex workers for N50,000. The Zonal Public Relations Officer, Umma Ayuba, disclosed in a statement on Tuesday that the suspects were arrested at their hideout in the Meiran area of Lagos State on March 22. She disclosed that the syndicate worked with other accomplices in Mauritania to traffic young ladies as commercial sex workers. According to Ayuba, the suspects confessed to…

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FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn …Declares a total dividend of N2.10 per share

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Add Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The increase in Interest Income was led by a combination of improved yield on earnings assets and 51.6% expansion in earnings base to N6.3tn. This led to a Profit After Tax…

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Zenith Bank fined N15.4bn by CBN for forex, money laundering violations

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A Nigerian financial institution, Zenith Bank Group, owner of Zenith Bank, was hit with a N15.4 billion fine by the Central Bank of Nigeria (CBN) in 2024 over infractions related to foreign exchange operations, anti-money laundering lapses, and customer-related violations. The bulk of the penalty—N14.65 billion—stemmed from infractions uncovered during the apex bank’s foreign exchange examination. Specific details of the wrongdoing were not provided in the bank’s 2024 audited financial statement which reported the fines on Thursday. The bank was also fined N103.25 million following anti-money laundering reviews, while another…

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Jehovah’s Witnesses Announce Invitation Campaign to two special events in April

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Jehovah’s Witnesses globally have launched a campaign to invite all persons to two special events in April 2025. On the evening of Saturday, April 12, Jehovah’s Witnesses around the world will gather for their annual commemoration of the death of Jesus Christ. In previous years, the event has drawn some 20 million people globally. “Every year, millions of Jehovah’s Witnesses invite others to join us in remembering Jesus Christ,” said Odeyemi Afolabi, a spokesman for Jehovah’s Witnesses. “The purpose of our month-long campaign is to extend the invitation to this…

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   Cyber fraud: Nigerian sentenced to eight years improvement in India

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A Nigerian national, Jefferson Eze Henry has been sentenced to eight years in prison by a Kolkata court for defrauding an elderly man of Rs 1 crore in 2021 through a cybercrime scheme. The court also imposed a fine of Rs 50,000 on Henry following his conviction under the Information Technology Act and the Indian Penal Code. Henry was found guilty of posing as an official from the Royal Bank of London to deceive the victim, Saibal Banerjee, through fake email IDs and websites. Investigations revealed that he used virtual…

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Senate stops sale of Lafarge Cement company to Chinese firm

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The planned sale of Lafarge Cement Plc to a Chinese company, has been halted by the Nigerian Senate. The lawmakers directed the Bureau of Public Procurement (BPP) to stop the sales, citing national security and economic sovereignty concerns. Lafarge Cement, a key player in Nigeria’s construction and industrial sectors, is located in Ewekoro Local Council of Ogun State. The Senate’s intervention aims to ensure that the divestment process safeguards national interests. During plenary, Sen Shuaib Salisu (Ogun Central) raised a motion highlighting the strategic importance of Lafarge Cement to the…

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Senators, Ezekwesili clash, INEC faults Natasha’s recall process

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There was palpable tension on Tuesday during the hearing of a sexual harassment petition filed by Kogi Central lawmaker, Senator Natasha Akpoti-Uduaghan, as the same members of the Senate Committee on Ethics, Privileges, and Petitions engaged in a heated exchange with former Education Minister, Oby Ezekwesili. While the senators engaged Ezekwesili in a war of words, the Independent National Electoral Commission gave the embattled Kogi lawmaker temporary respite as it faulted the petitioners for not complying with the recall guidelines. Akpoti-Uduaghan was suspended by the Senate on March 6 following…

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Judge hands off Natasha’s case, cites Akpabio’s petition

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Justice Obiora Egwuatu of the Federal High Court in Abuja, who was assigned to hear a suit that was filed by the suspended Senator for Kogi Central, Natasha Akpoti-Uduaghan, on Tuesday, has hands off the case. The trial judge based his decision on a petition the Senate President, Godswill Akpabio, wrote to challenge his objectivity in the matter. Though the suit was originally fixed for hearing, however, when the matter was called up by the court’s clerk, Justice Egwuatu, announced his decision in a short ruling he delivered. He said…

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Suspect arrested with 488 rounds of live AK-47 ammunition concealed in palm oil

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A large cache of live ammunition cleverly concealed in jerrycans filled with palm oil has been intercepted by the Federal Capital Territory Police Command, while the suspects linked to the smuggling operation have been arrested. The breakthrough came after operatives from the Nyanya Division, in collaboration with officials of the National Union of Road Transport Workers, apprehended Nuhu Aminu, a 32-year-old man from Katsina State, at the Nyanya bus terminal. A statement on Monday by the command spokesperson, Josephine Adeh, said upon searching his consignment, officers discovered 488 rounds of…

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