Frauds & Scandals

Stop patronising ‘wonder banks’, NDIC warns depositors

The Nigeria Deposit Insurance Corporation on Thursday warned depositors against patronising illegal fund operators, popularly called ‘wonder banks’. The corporation said that the wonder banks offering attractive interest on deposits were not licensed to operate by the Central Bank of Nigeria. The Managing Director, NDIC, Alhaji Umaru Ibrahim, spoke in […]

Outrage As Court Fines Igbinedion N3m Over N25bn Scam

April 30, 2015/The Will In a scandalous replay of the episode, a few years back, when Justice Abdullahi Kafarati, then of the Federal High Court Enugu, offered an option of N3.5million fine to Lucky Igbinedion, former governor of Edo State for corruption offences, his younger brother, Michael Igbinedion who is […]

Jonathan sacks NPA MD

April 30, 2015/Punch President Goodluck Jonathan on Wednesday sacked Mallam Habib Abdullahi as the Managing Director of the Nigerian Ports Authority. He has also named Alhaji Sanusi Bayero as his replacement. In a statement by his Special Adviser on Media and Publicity, Dr. Reuben Abati, the President said Bayero’s appointment […]