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Category Archives: Market

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Two Docked For Stealing Real Estates Firm’s N2.5m Cable

Two men, Benjamin Ewa Emmanuel Ikechukwu, 32, and Anani Henry, 26, were today, arraigned before an Igbosere Chief Magistrate’s Court, Lagos, for stealing an armoured cable valued N2, 565, 350 million, belonging to a real estate firm, Nicon Town Management Company Plc. The duo and

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Forex Market Gets CBN’s $210m Boost

The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. In its determination to meet the customers’ needs in the sundry segments of the market, the CBN

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N39m Fraud: Court Jails Fake Gold Dealer 3 Years

• Orders To Pay Back N39m To Victim A Federal High Court, Lagos, has convicted and sentenced a fake gold dealer, Godspower Favour, to three years imprisonment, over N39 million fraud. The court presided over by Justice Saliu Saidu, convicted the 42 years  fake gold

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Importer Of Container Loaded With Fake Tramadol Jailed 5 Years

Justice Hadiza Rabiu-Shagari, of a Federal High Court, Lagos, today, convicted and sentenced a busimessman, Ezeanwu Ifeanyi,  who imported into the country, a container loaded Tramadol and other sex enhancing drugs, to five years imprisonment. The convict, was handed over the jail term, after the lawyer to

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Police Arraigns BDC Operator Over Alleged N78m Fraud

A Bureau De Change Operator, Alhaji Samaila Abubakar, was today, arraigned before a Federal High Court, Lagos, on charges bordering on obtaining the sum of N78 million under false pretence. The men of Federal Criminal Intelligence and Investigation Department (FCIID), Alagbon, Lagos, in charge number