A U.S. federal court in Northern Georgia has reissued an arrest warrant for Allen Onyema, CEO of Air Peace Limited, amid expanded allegations involving a $20 million bank fraud scheme. The warrant, renewed on October 9, follows new charges added on October 8, which include obstruction of justice and conspiracy to obstruct justice. EDITOR’S PICKS … Read more
The Committee to Protect Journalists (CPJ), an independent non-profit organization advocating for press freedom globally, has condemned the ongoing detention of four journalists facing cybercrime allegations in Nigeria. On September 20, police in Lagos arrested Olurotimi Olawale, editor of the National Monitor newspaper, and Precious Chukwunonso, publisher of a private news platform. Five days later, … Read more
Eko Hot Blog reports that a former manager of First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulative of 121 years in prison for diverting fixed deposit funds of a customer to the tune of N112,100,000 (One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal … Read more
BREAKING: Another ‘Important’ Bill Passes Second Reading EKO HOT BLOG reports that a bill seeking to raise punishment for insider fraud by bank employees to a 20-year jail term, on Wednesday passed second reading, the House of Representatives say. This development is coming just 24 hours after the Nigerian Senate passed a bill seeking to … Read more
Olugbenga Falai a banker on Friday testified as the sixth prosecution witness in the N2.2bn fraud trial of former Ekiti State governor Ayodele Fayose Both defendants have entered a no-guilty plea to the N2.2bn fraud charges pressed against them by the anti-graft agency. Recall Economic and Financial Crimes Commission arraigned Fayose, alongside a firm, Spotless … Read more