Latest gist as EFCC investigating CBN Deputy Governor, Bayo Adelabu over fraud with Deziani, Onasanya

It is currently gathered that the Economic and Financial Crimes Commission (EFCC) for some hours on Monday grilled a Deputy Governor of Central Bank of Nigeria (CBN) Mr. Adebayo Adelabu over the role he played on the financial allegations with former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke and former Chief Executive Officer of First Bank of Nigeria, Mr. Bisi Onasanya.

It was discovered on Friday morning that Adelabu was interrogated and admitted to administrative bail by the anti-graft agency for abuse of office and his role in the alleged siphoning of shareholder funds via phony loans at First Bank Plc, where he previously served as the Executive Director and Chief Financial Officer.

Adelabu, a grandson of the foremost Ibadan politician in the

Today Exchange rate as Naira sustains gain at parallel market

Fresh gist trending now as the naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday.

It is reported that the pound sterling and the Euro closed at N477 and N428 to the naira, respectively.

At the Bureau De Change window, the naira was traded at N363 to the dollar, while the

News as EFCC arrests NABDA’S Director General over N23Million Scam

Director General of the National Biotechnology Development Agency (NABDA)- Professor Mrs Lucy Jumeyi Ogbadu, has been arrested by operatives of the EFCC for her alleged involvement in criminal conspiracy and diversion of public funds to the tune of N23million
Professor Ogbadu was arrested on Wednesday in Port Harcourt following her alleged involvement with the Bayelsa State’s Director of Bioresources Development Centre- Mr. Josiah Habu, who is currently under investigation by the EFCC in a case of fraudulent diversion of

How Dangote and his super rich friends celebrates sallah

Billionaire and Africa’s richest man, Aliko Dangote invited his super rich friends Femi Otedola, Donald Duke, Segun Awolowo, Tunde Ayeni, Niyi Adebayo and Sam Nwajoku aboard his yacht for the Sallah celebration that took place yesterday Sunday, June 25.
See another below.

Senior Lawyer: Reason for Transferreing N750, 000 to Justice Yinusa's Account

The current report trending now as A top Nigerian lawyer has told of why he transferred as much as N750,000 to a serving Nigerian federal judge.

Joseph Nwobike

It is gathered that A senior Nigerian lawyer, Joseph Nwobike, has narrated how he transferred N750, 000 to a serving federal judge, Justice Nasiru Yinusa, saying the money was to help the judge pay for his mother’s medical treatment, and not to bribe him.

Information gathered according to Premium Times, Mr. Nwobike said this on Wednesday at his ongoing corruption trial before an Ikeja division of the Lagos State High Court.

An Economic and Financial Crimes Commission witness, Daniel Danladi, had on March 29 told the court that the funds transferred by the lawyer into the

Latest Gist as Man Apologizes after He Was Exposed as a Fake Student

 

The current latest gist as A Nigerian man, who scams people with the Twitter account @samuel_face2, has been exposed.

The scammer’s method is to beg Nigerians to help him raise school fees, after which they ask for his account number and send him money.

It is reported according to other twitter users, he would block his donors and refuse to chat them up after they have sent the money only to slide into the DMs of potential victims.
He would block whoever turns him down as well as those who obliged him by

See how politician doles out N2m to Bobrisky

 

It is reported that Nigerian honourable credited Bobrisky N2million into his Nigerian account just because he’s too cute.
This is according to the popular crossdresser who shared it on his Snapchat. He didnt name the honorable who gave him the

Minimum Wage: Government set to negotiate minimum wage with Labour, says minister

The latest news update revealed that negotiations that will lead to increased minimum wage will commence this month, Labour Minister Chris Ngige has said.


It is reported that the minister’s assurance followed the announcement of the members of the national minimum wage negotiation committee.

Ngige also allayed the fears of the Labour movement over the move by the National assembly to repeal the law on minimum wage by taking it away from the exclusive list to

Latest Update on $5.8bn loan: Amaechi denies excluding South-East states in rail projects

The current news as the Nigeria Minister of Transportation, Chibuike Amaechi, has refuted the allegation of non-inclusion of Southeast states in the rail line projects across the country for which $5.8 billion loan is currently being sought from China.

Amaechi, who spoke during the hearing organised by the Senate Committee on Local and Foreign debts also explained the technicalities of the rail-line project before the loan request from the China Exim Bank can get the approval of the lawmakers.

It is reported according to the minister, “I do not know where the information that the South East States were excluded in the rail projects is coming from.”

Amaechi also explained that the two major rail projects of the

EDUCATION UPDATE: FG moves to strengthen NYSC

Latest gist as the Nigeria Federal Government is to initiate measures to strengthen the four cardinal segments of the National Youth Service Corps (NYSC) scheme which include primary assignment and community development service.

According to report gathered the Director-General of the NYSC, Brig.-Gen. Suleiman Zakari Kazaure, gave the assurance on Friday in Nkwerre LGA of the state.

Kazaure was on an inspection tour of the

Detention of Billionaire Ifeanyi Ubah Causes Serious Commotion

Latest gist trending as the continued detention of oil tycoon and billionaire, Ifeanyi Ubah might result in the sack of over 5,000 workers heaping more suffering on affected families.

Oil tycoon and billionaire, Ifeanyi Ubah

It is reported that more protests have continued to greet the continued incarceration of the chairman of Capital Oil and Gas, Dr. Patrick Ifeanyi Ubah, who has been in the detention of the Department of State Services (DSS) since May 6.

According to trending report it is reported that the protesting group this time around was members of the Nnewi Sports Club, who insisted that the DSS refusal to release Ubah even at instance of a

See How Teacher got jailed for using pupils’ blood for ritual

Latest news reaching us revealed that A private school teacher in Ondo State has been convicted and jailed for allegedly drawing pupils’ blood for ritual. The state Police Public Relations Officer (PPRO), Mr. Femi Joseph, gave the name of the teacher as Blessing Omowera.
The incident occurred on May 16 at at God Heritage Nursery and Primary School, Ondo town in Ondo West Local Government Area but was reported to the police the following day.

Report revealed that Blessing Omowera was arrested along with an alleged accomplice, Sola Kalejaiye, who is a teacher at Saint Monica Girls Grammar, also in Ondo town.
The teachers were arrested for allegedly cutting the finger nails of the students and

Latest Gist as Honest Kogi civil servant returns N1.7 milllion paid in excess of salary

Latest gist trending as A civil servant in Kogi, Mrs Husseina Mohammed has returned the sum N1, 780,500 paid in excess of her March salary to the coffers of the state government. Mohammed said this on Friday in Lokoja while on a courtesy visit to the Director – General, Bureau of Information and Grassrrots Mobilisation, Alhaji Abdulkareem Abdulamlik .

She said that she received an alert from her bank in the afternoon of May 21 and discovered that a huge sum had been credited in her favour. Mohammed said that she

Sports Gist: Ronaldo to face prison sentence after being accused of tax fraud

, update revealed that Real Madrid forward, Cristiano Ronaldo is being accused of tax fraud.

Spanish prosecutors are considering whether the player should face charges over the allegations.

Spain’s tax agency are claiming that Ronaldo defrauded the

Over unpaid N77,600 bills, Triplets and mum detained in Benue hospital

Current update as the happiness of a mother of triplets have been cut short, after she was reportedly detained in a General hopsital in Benue State, over her unpaid  medical bills two weeks after the children were delivered.
Through A social media user Ukan Kurugh, disclosed that the couple Mr and Mrs Dennis Anongo need the sum of N77,600 to pay the medical bills, so they can take their children home. Here’s what he wrote about the incident;

“MR. & MRS. ANONGO RECEIVES A GIFT OF TRIPLETS FROM GOD BUT CANNOT GO HOME FROM THE HOSPITAL DUE TO INABILITY TO PAY THE BILL OF N77,600: A PASSIONATE APPEAL FOR EMERGENCY AID.
By: Ukan Kurugh
Successful delivery of children calls for celebration among parents, the story of Mr. & Mrs. Dennis Anongo comes with mixed feelings as his wife, Mrs. Kwaghaondo was delivered of triplets (2 boys and 1 girl) at the General Hospital, North-Bank, Makurdi. Amidst this joy, they have

See Man who mistakingly married troublesome wife paid her off with car, N5m

The news trending now revealed how A businessman Augustine Anyia has told an Agege customary court, Lagos, that his wife, Nneka, asked for N5m, car, N100,000 monthly allowance as pay off; as he urged the court to dissolve his seven-year-old marriage due to lack of care, lesbianism and threat to his life.

Augustine, a father of two, who resides in Ajah, Lagos, told the court:

Latest News: Economic Recession To Now End In September

Here is fresh news report as Nigeria’s economy contracted again in the first quarter, data showed on Tuesday, but the Central Bank of Nigeria, CBN, expects Africa’s biggest economy to return to growth by the end of the third quarter thanks to higher foreign exchange inflows.


Africa’s biggest economy shrank by 1.5 percent in 2016 for its first annual recession in 25 years, hit by a shortage of hard currency and lower revenues from its

Senate plan lower Naira notes changed to coins

Information revealed that the Central Bank of Nigeria should convert the country’s lower currency notes into coins to facilitate “highly repetitive” retail transactions, the Senate said Tuesday.

According to report gathered the advice came after a Senator spoke on the implications of rejection of the existing coin denominations for the economy.

“The local retailers keep rejecting the coins because commercial banks won’t accept them as

See Current Value as Naira Depreciates Slightly in the Parallel Market

It is reported that the greenback has suffered a minor setback in the black market as the apex bank continues to intervene in the financial market.

 

Information gathered revealed that the naira depreciated slightly from 380 per United States dollar to 381/dollar on the parallel market on Monday.

This came despite a $205m dollar injection into the foreign exchange market by the Central Bank of Nigeria.

In a statement on Monday, the CBN said ahead of the

See How Apostle Suleman Shares His Life Story as he gives out N2m

It is gathered that the generous acts of Apostle Johnson Suleman of Omega Fire Ministries was again displayed as he blessed some youth corps members who visited him with the sum of N2million cash.

It was during the Sunday service at the OFM headquarters in Auchi, Edo State.

Apostle Suleman extended the kind act to the beneficiaries who were newly posted to the State because, according to him, "it is another divine mission I could not ignore."

He has been assisting youth corpers for six years and have become an annual practice with him. 

Narrating his life story and source of his radicalism and love for giving, the