Author: Samuel Akpenpuun

Federal High Court sitting in Lagos has authorised Guaranty Trust Bank to temporarily take over funds and assets of Afex Commodities Exchange following its N17,808,452,467.107 Central Bank of Nigeria (CBN) Anchor Borrowers’ Loan debt. Granting GTBank’s prayer, Justice Aneke ordered a “Place a No Debit” on money standing to the credit of Afexfollowing its application on May 27. The judge made the order after hearing an ex-parte motion filed and moved by the bank’s counsel, Chief A.A. Aribisala (SAN), Ade Adedeji (SAN), with A.O. Olaleye and M.A. Aribisala. The debt comprises “N15,766,475,417.06 as amount outstanding and unpaid, as of April…

The Federal Government has stepped in to address the recent deportation orders issued against some Nigerian students at Teesside University in the United Kingdom. A delegation led by a representative of the Nigerian Embassy in the UK, Ambassador Christian Okeke, along with leaders of the Nigerian Students Union in the UK, will meet with the university’s management to seek a resolution. This decision follows a virtual meeting chaired by the Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, and attended by Okeke, the President of the Nigerian Students Union UK, Yemi Soile, and several affected students. The meeting was…

The Economic and Financial Crimes Commission (EFCC) has issued a public alert regarding a concerning increase in phishing activities targeting unsuspecting individuals across various digital platforms. According to The Nation, phishing is a type of cybersecurity attack in which fraudulent individuals impersonate reputable entities or persons in emails or other forms of communication. Attackers typically use phishing emails to distribute malicious links or attachments that can extract login credentials, account numbers, and other personal information from victims. In a statement signed by its Head of Media & Publicity, Dele Oyewale, via its website, the Commission disclosed that in recent months,…