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Home » Author Archives: Demola Abimboye

Author Archives: Demola Abimboye

MUST READ: Why I Had Sex With My Four Daughters – Father

Forty-seven-year-old Rashidi, living in Sango-Ota, Ogun State has been arrested for sleeping with his four daughters. The incestuous affairs were blown open after a crack team of police detectives from Sango-Ota Area Command, Ogun State, went undercover to investigate the crime. Although the illegal affairs had been going on for years, daughters, father and mother had preferred to let it ... Read More »

Alleged €250m Fraud: Malaysian Docked, Remanded in Ikoyi Prison

Alleged €250m Fraud: Malaysian Docked, Remanded in Ikoyi Prison

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on May 22, 2019, arraigned a suspected fraudster, Tan Ah Chai Richard, alongside his company, Coastal Asia Investments Limited, before Justice Mojisola Dada of the Special Offences Court sitting in lkeja, Lagos on a five-count charge bordering on forgery, use of false document, conspiracy to forge and an attempt to ... Read More »

EFCC Disclaims Lagos Roadblocks, Online Invitations

EFCC Disclaims Lagos Roadblocks, Online Invitations

The Economic and Financial Crimes Commission, EFCC, has decried the activities of some unscrupulous elements, who mount road blocks on some highbrow areas of Lagos, such as Victoria Island, Lekki and Festac Town, parading themselves as operatives of the Commission and extorting money from unsuspecting members on the allegation that they are suspected internet fraudsters, popularly known as “Yahoo-Yahoo boys.” ... Read More »

Magu Rallies Artistes, Comedians Against Internet Fraud, Calls for Collaboration

Magu Rallies Artistes, Comedians Against Internet Fraud, Calls for Collaboration

Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission, EFCC, has charged Nigerian artistes and comedians to join the anti-graft agency in the fight against corruption, particularly internet fraud, and to lend their voices to the Commission’s anti-corruption fight. “You have a very wide reach, so lend us your voices, please let your works propagate and promote ... Read More »

HELEN PAUL: When Life Shows You Pepper, Make Peppersoup!

HELEN PAUL: When Life Shows You Pepper, Make Peppersoup!

Life is hard. So the ability of a person to turn a bad situation around and still shine through with grace is worthy of note. A rare gem we celebrate today is Helen Paul, born out of rape but guess who has a PhD. Whoop whoop! She is a comedienne and media personality known as Tatafo. She broke out as ... Read More »

UBA opposes Sahara Energy’s application to vacate order to advertise winding up petition

UBA opposes Sahara Energy’s application to vacate order to advertise winding up petition

United Bank for Africa (UBA) has asked Justice Mohammed Liman presiding over a Federal High Court in Lagos to dismiss a motion filed by a Petroleum resources firm, Sahara Energy Limited, seeking a discharge of an ex-parte order allowing the bank to advertise a petition it filed to wind-up the firm over alleged N15 billion debt. The bank is currently ... Read More »

Court Summons Adebayo Shittu Over Unpaid Salaries of Former Aide

Court Summons Adebayo Shittu Over Unpaid Salaries of Former Aide

The National Industrial Court, NIC, has summoned Adebayo Shittu, minister of communications, over allegation of unpaid salary by his former aide, Victor Oluwadamilare. In a Suit No: NICN/ABJ/133/2019, dated May 20, 2019 and signed by Registrar of the arbitration court, Shittu was ordered to appear before within 14 days after service of the order to him and take notice that ... Read More »

Fuel Price Hike Looms As Senate Removes Subsidy Clause From PIGB

Fuel Price Hike Looms As Senate Removes Subsidy Clause From PIGB

The possibility of an increase in the prices of petroleum products particularly Premium Motor Spirit (PMS) known as petrol is now very high as the Senate on Tuesday expunged Petroleum Equalisation Fund (PEF) clause from the Petroleum Industry Governance Bill (PIGB). PEF is a measure introduced over 35 years ago to ensure that prices of petroleum products are equalized across ... Read More »

Asian markets mostly rise despite US-China trade talks reportedly hitting a roadblock

Asian markets mostly rise despite US-China trade talks reportedly hitting a roadblock

The Nikkei 225 in Japan added 0.35% in afternoon trade, as shares of index heavyweights such as Fast Retailing and Softbank Group advanced. The Topix also edged up, CNBC reports. The moves came after Japan’s economic growth in the first quarter rose above expectations. Japan’s economy grew at an annualized 2.1% in the first quarter, gross domestic product (GDP) data ... Read More »

Trump warns Iran not to fight the US: ‘That will be the official end of Iran’

Trump warns Iran not to fight the US: ‘That will be the official end of Iran’

President Donald Trump on Sunday told Iran to never threaten the United States, warning the Islamic Republic that if it wants a fight, it would be “the official end of Iran,“ CNBC reports. Trump’s threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force ... Read More »

N15billion Debt: Court Orders Winding Up Petition Against KEPCO Company To Be Advertised

N15billion Debt: Court Orders Winding Up Petition Against KEPCO Company To Be Advertised

By Our Correspondent A Federal High Court sitting in Abuja, the Federal Capital Territory, has ordered that a winding up petition filed by United Bank for Africa Plc (UBA) against a limited liability company, KEPCO ENERGY RESOURCES NIGERIA LIMITED (RC 6900064) over the inability of the company to pay a debt of N15,221,674,976.4 be advertised in the Federal Gazette and ... Read More »

NPA Terminates Intels Pilotage Contract over Failure to Remit $145.84m

NPA Terminates Intels Pilotage Contract over Failure to Remit $145.84m

After about two years of bickering, the Nigerian Ports Authority (NPA) has terminated its boats pilotage monitoring and supervision agreement with Intels Nigeria Limited, THISDAY reports. Intels is a leading integrated logistics and facilities services provider in the maritime and oil and gas logistics sectors of the economy. In a letter dated March 29, 2019, addressed to the Managing Director ... Read More »

Arnold Schwarzenegger attacked in South Africa

Arnold Schwarzenegger attacked in South Africa

Hollywood star former politician, Arnold Schwarzenegger, was attacked yesterday by a man who kicked him in the back at a sports event in South Africa that the action hero was hosting. He was chatting with fans at the Sandton Convention Centre in Johannesburg when a man took a flying leap and kicked him high in the back. “Thanks for your ... Read More »

Herdsmen occupy Odu’a tomato factory, plotting attack – Ogun monarch

Herdsmen occupy Odu’a tomato factory, plotting attack – Ogun monarch

The Onimeko of Imeko, Oba Oyeditan Olanite, has raised the alarm over a plot by Fulani herdsmen to attack his domain, Sunday Punch reports. Oba Olanite said many Fulani herdsmen had already arrived in the town, adding that they took over about 4,000 hectares of land belonging to the Odu’a Investment Company and chased away indigenes of the town close ... Read More »

FG targets $72.9bn investments from newly licensed FTZs, others

FG targets $72.9bn investments from newly licensed FTZs, others

The Federal Government is targeting $76.25bn investments from some of its newly licensed free trade zones, statistics obtained from the Nigeria Export Processing Zones Authority have revealed, Sunday Punch reports.. The zones are expected to boost the country’s industrialisation as well as the economic diversification agenda of the Federal Government. In line with the Nigeria Industrial Revolution Plan, the government ... Read More »

Banks and FinTechs should take advantage of AI – Herbert Wigwe

Banks and FinTechs should take advantage of AI – Herbert Wigwe

The Chief Executive Officer of Access Bank Plc, Herbert Wigwe, has stated that in order for banks and Financial Technology (FinTech) operators to remain competitive, there is the need for them to leverage Artificial Intelligence (AI), Nairametrics reports. Wigwe stated this while speaking during the Africa FinTech Foundry (AFF) Disrupt 2019 conference. The banker said Artificial Intelligence, Big Data, Cloud ... Read More »

TSA: WE WILL GIVE OUR BEST TO SUPPORT GAMBIA TO SUCCEED –  AGF

TSA: WE WILL GIVE OUR BEST TO SUPPORT GAMBIA TO SUCCEED – AGF

BY ONYEKA AJUMOBI ONOCHIE The acting Accountant-General of the Federation (AGF), Mr. Mohammed Kudu Usman, has promised the support of the Office of the Accountant-General of the Federation to the visiting Gambian team on Treasury Single Account (TSA). Mr. Usman announced this while receiving the delegation which was in Nigeria to understudy the workings of the TSA as it operates ... Read More »

Don’t release N649bn Paris Club refund to outgoing govs, NLC, others tell FG

Don’t release N649bn Paris Club refund to outgoing govs, NLC, others tell FG

The Nigeria Labour Congress and some civil society organisations have advised the Federal Government to delay the disbursement of the N649bn Paris Club refund to states until after the inauguration of incoming governors on May 29, The Punch reports. This followed the disclosure by the Minister of Finance, Mrs Zainab Ahmed, at a press conference that the Federal Government was ... Read More »

Shares of Huawei’s American suppliers slide, but the Chinese giant says it can survive US blacklist

Shares of Huawei’s American suppliers slide, but the Chinese giant says it can survive US blacklist

Shares of Huawei’s key U.S.-listed suppliers stumbled on Thursday following a new rule that requires American firms to seek government approval before selling to the Chinese tech giant, CNBC reports. Earlier this week, Huawei was added to the U.S. Bureau of Industry and Security’s so-called Entity List. That means American firms will need to get a license from the government ... Read More »

Minister Denies Involvement In Timber Smuggling At Ports

Minister Denies Involvement In Timber Smuggling At Ports

BY ONYEKA AJUMOBI ONOCHIE The Minister of Environment, Alhaji Suleiman Zarma, has denied links with syndicate which specializes in the smuggling of illegally felled woods out of Nigeria. He said he is also not involved in the current activity of unscrupulous Nigerians who, together with their foreign counterparts, engaged in unpatriotic activities aimed at depletion of Nigeria’s forest reserves for ... Read More »