11 results
- 28 Sept 2016
Melaye Fingers Minister, Banks in Illegal Transfer of $14Bn from MTN
Dino Melaye, member of the Senate representing Kogi-West Senatorial District, yesterday, alleged that MTN Nigeria had repatriated $13.9 billion from Nigeria to other countries between 2006 and now…
- 13 Jan 2016
Court Bars FG from Freezing MTN Bank Accounts
A Federal High Court in Lagos yesterday turned down an application of mareva injunction seeking to bar MTN Nigeria Communications Limited from emptying its accounts in 21 commercial banks in Nigeria.…
- 29 Sept 2016
MTN Dismisses Allegations of Improper Repatriation of Funds
MTN Nigeria has refuted as “completely unfounded” being allegations by the Senate of the Federal Republic of Nigeria that the Company has illegally repatriated $13.92 billion out of Nigeria over a…
- 5 Mar 2014
US Freezes Abacha’s $458m Loot
United States said Wednesday it had ordered a freeze on $458 million in assets stolen by former Nigerian dictator Sani Abacha and his accomplices and hidden in European accounts. The Justice…
- 28 Jun 2017
New York to Auction Aluko’s $50.9m One57 Condo
Kolawole “Kola” Aluko is the owner of a $50.9 million Manhattan condo that is scheduled to be sold at a foreclosure auction next month, according to Bloomberg. Aluko, a Nigerian businessman is…
- E-Financial17 Aug 2026
SEC Orders Capital Market Operators to Cut Banking, Business Ties with Iran, DPRK
Securities and Exchange Commission (SEC) has directed all capital market regulated entities to terminate correspondent banking relationships and restrict business dealings involving the Democratic People’s Republic of Korea (DPRK) and Iran.
- News1 Sept 2026
Why US Hasn’t Arrested Tinubu over Drug Allegations — President’s Lawyer
Wole Afolabi, a Senior Advocate of Nigeria and a key member of President Bola Tinubu’s legal team in the United States of America has said that no concrete evidence linking the President to drug trafficking in the US.
- 18 May 2021
Access Bank Buys Mozambique’s African Banking Corporation in Latest Frenzy
Access Bank Plc has acquired Mozambique’s African Banking Corporation, as part of its aggressive expansion drive in African continent. There is no mention of the value of the transaction yet. Its…
- 13 Oct 2025
Capital Flight and the Politics of Betrayal: When Leaders Stop Believing in Their Own Economy
By Blaise Udunze Nigeria’s economy is bleeding, not from the absence of money, but from the silent, systemic outflow of capital that should be building industries, creating jobs, and stimulating…
- 17 Jul 2024
UK Appoints Mark Smithson New Country Director to Lead UK-Nigeria Trade and Investment Relations
UK has appointed Mr. Mark Smithson the Country Director for the UK’s Department for Business and Trade (DBT) in Nigeria. He takes over from Chim Chalemera who recently concluded a 3-year posting in…
- 21 Feb 2019
Jumia Opens Voting for Nigeria Travel Awards
Jumia Travel has announced the launch of the 3rd edition of the annual Nigeria Travel Awards which is scheduled to hold on Monday, March 11th, 2019 at Jupiter Hall, Four Points by Sheraton. The…