30 results
- 5 Nov 2017
FG Sacks Public Assets Recovery Panel Boss
Federal government has removed President Muhammadu Buhari’s adviser on prosecution, Okoi Obono-Obla, as Chairman of the Special Investigation Panel on the Recovery of Public Property. Attorney…
- 6 Jun 2021
Foreign Banks aid $18Bn Corruption in Nigeria Annually- TI
Transparency International (TI) has alleged that international enablers headquartered in Beijing, Dubai, London and New York are parts of every single illicit transaction perpetrated in Nigeria,…
- 17 Sept 2020
FG Launches Central Database for Stolen Asset Tracing
Federal government has launched a Central Database under the Asset Tracing, Recovery and Management Regulations (ARTM), 2019 and the Central Criminal Justice Information System (CCJIS) under the…
- 27 Jan 2026
NDIC Seeks EFCC's Support to Trace, Recover Assets of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to strengthen collaboration to enhance the investigation and prosecution of offences…
- 30 Mar 2025
NDIC Fixes April as Time Uninsured Depositors of Heritage Bank will Receive Liquidation Dividends
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 30 Mar 2025
Uninsured Depositors of Heritage Bank to Receive Liquidation Dividends In April – NDIC
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 29 Jul 2015
FG Targets ‘Super Rich’ Civil Servants in New Anti-Corruption Push
Federal government anti-corruption operatives have been sent after ‘super rich’ public officers who have multiple properties and other assets suspected to have been the rewards of graft, according to…
- 20 Oct 2025
EFCC Recovers ₦500Bn, Secures 7,000 Convictions in 2 Years - Tinubu
President Bola Tinubu has commended the Economic and Financial Crimes Commission (EFCC) under the leadership of Ola Olukoyede for its impressive record of asset recovery and convictions, describing…
- 28 Feb 2023
Kenyan Court unfreezes Flutterwave’s Frozen Funds
A Kenyan court on Monday, February 27, 2023, released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave. This came after the Asset Recovery Agency of Kenya withdrew its…
- 15 Feb 2024
Stolen $1Bn Recovered under Buhari Disappears from CBN
The Socio-Economic Rights and Accountability Project (SERAP) has claimed that all the stolen public funds recovered between 2016 and 2019 by the immediate past government of Muhammadu Buhari are…
- 15 Jan 2026
EFCC to Use Space Technology to Boost Asset Tracking, Investigations
Economic and Financial Crimes Commission (EFCC) has partnered with the National Space Research and Development Agency (NASRDA) to deploy advanced space and geospatial technologies in investigations…
- 11 Jan 2026
NDIC Declares Second Liquidation Dividend for Heritage Bank Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of ₦24.3 billion for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the…
- 8 Oct 2015
Diezani Cannot Leave UK Till Next April- Court
Mrs Diezani Alison-Madueke, former minister of Petroleum Resources will not be able to leave the United Kingdom (UK) until April, next year, that is when the investigations into allegations against…
- 11 Aug 2024
NDIC Pays N5m Each to Customers of Defunct Heritage Bank
Nigeria Deposit Insurance Corporation (NDIC) has said that it has successfully disbursed insured deposits of up to ₦5 million each to 82.36% of customers of the now-defunct Heritage Bank, following…
- 3 Mar 2017
MTN Dismisses Illegal Money Repatriation Charges
Phutuma Nhleko, MTN group chairman, said on Thursday that accusations that Africa's biggest mobile operator had moved funds illegally out of Nigeria had no basis. MTN is facing an investigation by…
- 10 Sept 2018
MTN seeks Relief from Federal High Court against CBN & AGF
MTN Nigeria on Monday filed for an injunction against the Central Bank of Nigeria (CBN) and the Attorney General of the Federation (AGF), Abubakar Malami, following the government’s recent…
- 16 Apr 2016
FG Will Not Frustrate MTN over N780Bn Fine- AGF
Abubakar Malami (SAN), attorney-general of the federation and minister of Justice, has revealed that it is not the intention of the federal government to frustrate MTN as a result of the fine imposed…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 5 Nov 2014
EFCC Recovers $11Bn Stolen Funds in 11 Years
Economic and Financial Crimes Commission (EFCC) said that it has recovered a total of $11billion by stolen looters of government treasuries from its inception in 2003. Wilson Uwujaren, head of Media…
- 27 Apr 2025
NDIC Begins Payment of N46Bn to Heritage Bank Depositors
Nigeria Deposit Insurance Corporation (NDIC) has said that it has commenced the payment of N46.6 billion from liquidation dividends to depositors of the defunct Heritage Bank. Hawwau Gambo, acting…
- 4 Dec 2024
NDIC Begins Sales Of Landed Properties, Chattels Of Heritage Bank Nationwide
The Nigeria Deposits Insurance Corporation NDIC has commenced the sales of landed Properties and Chattels belonging to Heritage Bank across the country after revocation of its operating license in…
- 26 Sept 2024
BVN Enabled Us in Timely Payment of 85 Percent of Heritage Bank Depositors — NDIC
Mr Bello Hassan, managing director/CEO, Nigeria Deposit Insurance Corporation (NDIC), has said that the use of Bank Verification Numbers (BVN) facilitated the successful reimbursement of 84.98 per…
- 2 Oct 2023
NDIC Begins Payment of N16.18Bn to Liquidated Banks’ Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. This followed impressive…
- 26 Feb 2025
NDIC Seeks Stronger Legal Collaboration in Bank Liquidation, Debt Recovery
The Nigeria Deposit Insurance Corporation (NDIC) has emphasised the need for greater collaboration with legal professionals to enhance the liquidation and debt recovery processes following bank…
- 12 Aug 2026
GSMA Industry Services Unveils Circularity Services to Help Operators Reduce E-Waste and Unlock Value
GSMA Industry Services have announced the launch of its new Circularity Services offering, designed to help mobile operators and ecosystem partners extend the life of devices, reduce e-waste, and…
- 8 Oct 2023
NDIC Pays 29,573 Depositors of Closed MFBs, PMBs
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and Primary…
- 22 Jul 2026
NDIC Begins Payment to Depositors of 46 Failed Microfinance Banks
Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. Mr Thompson Sunday, managing director and chief executive,…
- 22 Oct 2016
Under Jonathan N1.3Trillon was Stolen by 55 People
Presidential Advisory Committee Against Corruption (PACAC) has said that 55 people stole N1.3trillion from the national treasury in seven years under President Goodluck Jonathan’s watch. The…
- 5 Feb 2021
Bye-bye Frenzy, Back to the Familiar
By Han Tan, Market Analyst at FXTM Global markets are now revisiting a familiar script, with investors pushing broad asset classes higher on more signs pointing to the US economic recovery.…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…