Browsing: Business

You concocted lies against me – Dauda Lawal replies Magu

Mr Dauda Lawal, a former executive director of First Bank of Nigeria Plc has reacted to suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu’s response to the allegations of corruption, abuse of office, insubordination made against him. Reacting to the former chairman’s defence to paragraph D(17) of the petition captioned “Relevant facts on…

Akinwumi Adesina cleared of all charges by panel led by ex-Irish president

Akinwumi Adesina, president of the Africa Development Bank has been cleared of all corruption charges by anindependent review panel led by former president of Ireland, Mary Robinson. Recall that earlier this year, it was alleged that the bank had been tarred by poor governance, impunity, personal enrichment and favouritism under Adesina’s leadership. In spite of Adesina’s insistence of…

Two men bag two years imprisonment for producing and distributing fake engine oil (photo)

Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos has convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil. The Standards Organisation of Nigeria (SON) charged both men with four counts of production, possession, dealing in, and distribution of substandard engine oil. Both men claimed the products were good for public…

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