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January 20, 2018 6:58 PM Police fraud unit arrests 20 fake visa racketeers in Lagos

The Police Special Fraud Unit (PSFU) says it has arrested over 20 suspects who specialised in counterfeiting entry visas of some foreign countries. Spokesman for the PSFU, Audi Lawal, said in a statement on Saturday, January 20, in Lagos, that the visa racketeers were arrested at several embassies of the foreign countries in Lagos. The police spokesmanspokesman 18

January 19, 2018 4:06 PM N2.1 billion fraud: Dokpesi’s personal assistant exposes him in court

Gabriel Agorye, the prosecution witness in the trial of former Chairman of DAAR Communication, Raymond Dokpesi, has opened up on how he withdrew N40 million from his First Bank account. The Economic and Financial Crimes Commissions, EFCC, had charged Dokpesi to a Federal High Court, sitting in Abuja, over an alleged N2.1bn fraud. Agorye, who is the 11th prosecution 16

January 17, 2018 6:13 PM Presidency eulogies Nigerian for returning N150m wrongfully credited to him in Qatar

Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa has applauded a Nigerian, Mr. Michael Jonathan Asemota Teddy for his sincerity and honesty in returning QR1,502,000 ($441,127.99) about N150 million wrongfully posted into his account in Qatar. Dabiri-Erewa in a statement sent to DAILY POST on Wednesday 21

January 17, 2018 9:56 AM Lunatic Arrested With POS Machine In Lagos

The Lagos State Police Command has arrested a suspected armed robber who disguised as a lunatic to rob people. According to reports, residents had informed the Divisional Police Officer (DPO) at MAN centre, who led his men to the scene and arrested the suspect. The 27-year old suspect Olayinka Ogundimu, was arrested at Anifowoshe Street, Ikeja area of the state 17

January 12, 2018 6:36 AM NYSC introduces new payment system for prospective corps members

The management of National Youth Service Corps, NYSC, has announced the new payment method for all prospective corps members. The Scheme introduced use of remita to make payment easier for corps members, via the NYSC official portal. Below is the complete procedures on how to make payment on NYSC portal, using the Remita pay option. 1. PCM should go to the portal 28

January 11, 2018 2:53 PM New minimum wage should be at least N50,000 – Muslim group tells Buhari

Muslim Rights Concern (MURIC) has reacted to the readiness of the Buhari’s administration to increase workers’ minimum wage. Professor Ishaq Akintola, MURIC Director, in a statement, lamented that the average Nigerian worker is deliberately impoverished by ​elected leaders. ​”​Yet on top of this economically gloomy scenario, prices of goods and services 35

January 11, 2018 10:18 AM Dangote tops Africa’s rich list for 7th year

Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January 2017. The richest African, for the seventh year in a row, is Nigerian cement 39

January 8, 2018 12:29 AM FMDQ trades $10.38bn OTC FX in 2017

Following the desire to address the need for risk management in the Nigerian forex (FX) market, FMDQ OTC securities has announced that it has traded about $10.38 billion worth of OTC FX Futures in 2017. According to data obtained from the exchange’s website, $10.38 billion worth of OTC FX Futures contracts have traded so far and having ceased trading 22

January 6, 2018 8:48 AM WAEC reacts to increment of registration fee

The West African Examinations Council (WAEC), has reacted to the reports on social media that it has increased its registration free from N13, 950 to N30, 000. The exam body said it did not at any point hike its fee as widely being speculated. WAEC was reacting to an inquiry by one Lagos driver @lagosuber on Twitter who wrote: “So @waecnigeria form cost 30k now. “This girl here wants 28

December 20, 2017 5:26 AM Innoson’s CEO, Chukwuma speaks from EFCC custody

The Chief Executive Officer, CEO, of Innoson group of companies, Innocent Chukwuma has opened up on his arrest by the Economic and Financial Crimes Commission, EFCC. Chukwuma said that the EFFC was being used by Guaranty trust bank, GTB, to intimidate him. In a statement from his detention, made available to reporters, Chukwuma said that the Bank owed him an undisclosed 29