The Special Control Unit against Money Laundering (SCUML), of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has sealed up Hampton Hilton Hotel and Apartments, Kaduna, for non-compliance with the Money Laundering (Prevention & Prohibition) Act, 2022 and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regulations of the Financial Action Task Force, FATF for Designated Non-Financial Businesses and Professions, DNFBPs. The entity was found to have committed multiple infractions in the course of the first evaluation carried out on it, on June 4, 2024, leading to the issuance of administrative sanctions to it by SCUML. It was also found to have committed further infractions following the compliance evaluation of June 13, 2025, for which it was slammed N2.3 million fine, payable within seven days and with instruction to ensure full compliance with the…
Author: Abimbola Ogunaike
Justice D.I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Monday, July 14, 2025, convicted two companies, FARM360 Limited and MCBHADMOS Trans-Atlantic Trade Limited, for illegal capital market operations. The companies were arraigned by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Monday, June 16, 2025, on a five-count charge bordering on operating collective investment schemes without a licence either by the Central Bank of Nigeria, CBN, or the Securities and Exchange Commission, SEC. It was alleged that both firms, between 2021 and 2022, collected the sum of N80 million from several investors,…
I received this evening with unspeakable grief the report of the death of former President Muhammadu Buhari. He was the immediate past Nigerian president under whom I served as the Minister of Interior in his second term in office. He was 82 years old. President Buhari was a gallant military officer who held several commands with distinction. He was reputed to have led Nigerian troops to pursue and decimate a neighbouring rebel group that encroached on Nigerian territory, among his other military exploits. On December 31, 1983, he led a military coup that put paid to the second republic after…
Dr. Abdul-Azeez Olajide Adediran (JANDOR), Lead Visioner of the Lagos4Lagos Movement on Monday, 14 July, 2025, hosted Miss Maryam Lawal, the best graduating female student and second overall best student at the just concluded Nigerian Law School Call to Bar Ceremony. Miss Lawal, a shining example of academic excellence, was honoured for her outstanding performance, earning eight distinguished awards, including prizes in Civil Litigation, Criminal Litigation, and Professional Ethics. A product of the JANDOR Scholarship Foundation, which was established in 2017, Miss Lawal represents the vision and impact of the Foundation’s commitment to investing in young Nigerians through quality education.…
The Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN),Olufemi Adewole, on Monday, 14 July, 2025, disclosed that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reduced cross-border fuel diversion by 35 per cent through stricter anti-smuggling measures, reports thegazellenews.com. Adewole, who made this disclosure in a statement issued on Monday, 14 July, 2025, attributed the development to “stability, innovation, energy access and continuing growth“ in the sector to what it called strategic regulatory oversight by the NMDPRA. DAPPMAN scribe said the, “firm, fair and functional” leadership of the NMDPRA has facilitated improved operational efficiency,…
Nigeria’s leading commercial bank, First Bank of Nigeria, has joined forces with Mighty Media Plus Network Limited for the maiden edition of the QEDNG Creative Powerhouse Summit. Also supporting the event are Nigeria LNG (NLNG) and Shell Nigeria, two major players in the country’s energy and development sectors. Chief Executive Officer of Mighty Media Plus Network Limited, Olumide Iyanda, announced the partnerships in a statement on Monday. Mr Iyanda described FirstBank’s involvement as a strong statement of the bank’s belief in the power of Nigeria’s creative sector. “FirstBank’s support is a reaffirmation of its long-standing commitment to promoting the creative…
The pre-season football competition, Eko International Cup has entered full swing despite late withdrawals of two of the teams earlier scheduled to take part. According to the organisers of the ongoing competition at the Mobolaji Johnson Arena, Lagos, Enyimba of Aba and FC Kallon of Sierra Leone pulled out of the tournament only after the draw of the event was made last week. Executive Director, Publicity and Strategy for the Local Organising Committee of the EIC, Onome Obruthe, said the late withdrawals would not affect the tournament in anyway because there were strategic plans on the ground to cover up…
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted parcels of Loud, a strong strain of cannabis concealed in microwaves imported from Thailand and wraps of cocaine built into ladies’ lipsticks going to Guinea at the Murtala Muhammed International Airport, Lagos. The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday, 13 July, 2025, said the Loud consignment was part of a consolidated cargo that came in two tranches on an Ethiopian Airlines flight from Bangkok, Thailand through Addis Ababa, Ethiopia. He said based on credible intelligence, the cargo was subjected to thorough search during…
Ogun State Governor, Prince Dapo Abiodun, has expressed profound shock at the demise of former President Muhammadu Buhari, saying that news of the transition of the former military and civilian leader left him devastated. The former President, who reportedly died while receiving treatment for an undisclosed illness in London, United Kingdom, on Sunday, 13 July, 2025, had been ill for some time. Abiodun, in a statement issued in Abeokuta, Ogun State, said even though death is a bill that all mortals must pay, the death of the former president came as a rude shock. He described Buhari as a gallant…
It is with profound sorrow and a heavy heart that I received the news of the passing of His Excellency, President Muhammadu Buhari (Rtd), GCFR, my predecessor, who departed this life today, Sunday, July 13, 2025, at a hospital in the United Kingdom. President Buhari was to the very core, a patriot, a soldier, a statesman. His legacy of service and sacrifice endures. He served Nigeria with unwavering dedication, first as a military leader from January 1984 to August 1985, and later as a democratically elected President from 2015 to 2023. Duty, honour, and a deep commitment to the unity…