Business Hilights

Tracking Nigeria's Headline Business News Online

Ibrahim Magu

Again, Kyari begins with Baru’s kind of promise on fixing refineries

Though his immediate cognate experience spanned from managing crude sales and allied department before becoming the anointed one for the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, while stepping into the shoes of former GMD,…

CBN silent on EFCC’s alarm over imminent collapse of some banks due to NPLs

Strangely unlike before, the Central Bank of Nigeria (CBN) is yet to respond to the revelation of the Economic and Financial Crimes Commission’s (EFCC) acting chairman, Mr. Ibrahim Magu, that health of some commercial banks are so impaired that they…

Just in: Know Ahmed Abdulrahman; Buhari’s emerging EFCC boss

After months of stiff opposition by the Nigerian Senate on the confirmation of Mr. Ibrahim Magu as the substantive chairman of Economic and Financial Crimes Commission (EFCC), indications emerged Tuesday evening showing that all is set for the unveiling of…

EFCC Legico
ICT

Controversy trailing largesse of Ikoyi flat’s whistle-blower discouraging—Survey

…However, Minister assures payment this month The controversy trailing the delay in settling the whistleblower that provided intelligence for the Economic and Financial Crimes Commission (EFCC) to swoop on the Osborne Towers in Ikoyi, Lagos on April 7, 2017 is…

Fresh insight on why Alison-Madueke ran away since this administration emerges

Contrary to earlier speculations that the former Minister of petroleum Resources, Mrs. Diezani Alison-Madueke had left the country immediately President Muhammadu won the 2015 presidential election on health ground, indications have emerged that her escape was in response to the…

Yahoo Boys
ICT

Ibadan on fire as EFCC nabs over 100 undergraduates for internet frauds

A scenario that can be interpreted to mean that Ibadan, the Oyo State capital may have taken over Lagos in terms of internet frauds and associated crimes has emerged. On Monday, the Ibadan office of the Economic and Financial Crimes…

Court orders interim forfeiture of $43m, £27,800, N23m found in Ikoyi House to FG

In what can be described as galloping rise in star performance on the side of the Economic and Financial Crimes Commission (EFCC) since the Acting Chairman, Mr. Ibrahim Magu failed integrity test at the Nigerian Senate, the agency, yesterday secured…

90% of recession causative factors linked to corruption—Magu

Even though he failed to secure the anticipated confirmation at the Senate plenary Wednesday, the embattled Acting Chairman of Economic and financial Crimes Commission (EFCC), Mr. Ibrahim Magu during his response at the floor of the red chambers revealed that…