Online loan company, Aella Credit gets $10M raise

Focused on improving financial inclusion for West Africa’s low-income segment, a Nigerian fintech start-up, Aella has raised a $10m debt financing round, from HQ Financial Group (HQF), Singapore-based private company specializing in new material science, semiconductor and blockchain financial investments. This debt financing round is Aella’s second raise and will bolster the company’s commitment to […]

EFCC charge Umukoro for N164 Million Fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, on Tuesday, February 11, 2020, arraigned one Fidelis Umukoro alongside his company, Raremax Global Investments Limited. They were arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a five-count charge bordering on stealing to the tune of N164, 960,829 […]

EFCC detains Baba Ijebu son, Segun Adebutu over lotto tax fraud

Segun Adebutu, one of the sons of Baba Ijebu Adebutu Kessignton, Billionaire lotto magnate has been arrested,detained and questioned by Economic and Financial Crimes Commission. Kessington Adebutu, Nigeria’s gambling mogul whose business empire has enjoyed decades of patronage as a household name across the country, has become a new target of a vast corruption investigation […]

LASG Confirms Opay,Okada, Napep ban in Lagos

Lagos State Government on Monday wielded the big stick against the menace of commercial motorcycles (Okada) , Opay and tricycles (Keke NAPEP), proscribing their operations in six Local Government Areas (LGAs), nine Local Council Development Areas (LCDAs) and 10 major highways across the State with effect from February 1. The State Government directed security operatives […]

Lagos has banned use of Okada and Tricycle on these roads. See full list

See Full List of restricted roads for Motorcycle and tricycle in Lagos Complied by Lagos Traffic Advocates *MAJOR HIGHWAYS* 1. Lagos Ibadan Expressway 2. Apapa Oshodi Expressway 3. Oworoshoki Oshodi Expressway 4. Lagos Ikorodu Expressway 5. Lagos Abeokuta Expressway 6. Babangida Bouleverde 7. Eti-Osa Lekki Epe Expressway 8. Lagos Badagry Express 9. Funsho Williams Avenue […]

Nigerian Bottling Company Appoints Matthieu Seguin as Managing Director

Non-alcoholic beverage giant, Nigerian Bottling Company Limited (NBC) has announced the appointment of Matthieu Seguin as the company’s Managing Director effective October 3, 2019. Seguin succeeds George Polymenakos who was appointed in August 2016. Until his appointment, he was the General Manager for Coca-Cola HBC Ireland & Northern Ireland for almost 4 years. According to […]

Buhari orders release of Sowore,Dasuki

By Niyi Tabiti: Nigeria President Buhari has ordered the release of Omoyele Sowole, publisher of Saharareporters and former National Security Adviser, Col Ahmed Dasuki (Retd).Malami, the Minister of Justice and Attorney General of the Federation confirmed the news. The release of the two high profile personalities must have come as a result of global condemnation […]

Air Peace Chairman,Allen Onyema indicted in $20 Million fraud

Air Peace Chairman,Allen Onyema has been indicted in the United States over his involvement in $20 million bank fraud and money laundering activities. Gistmaster gathered that the airline’s director of finance and administration, Ejiroghene Eghagha was also indicated in the fraud. Onyema allegedly leveraged his status as a prominent business leader and airline executive while […]

1 2 3 4,215