Author: Chronicle Editor

Breaks the Banker Magazine Record as it wins best bank in Nigeria and 12 of its subsidiaries Africa’s global bank, United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published by the Financial Times of London. UBA’s solid financial performance, its excellent service delivery to customers and its continuous role of facilitating rapid economic growth across the African continent were some of the reasons that led to the bank being…

Operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 18 (eighteen) suspected illegal oil bunkerers. They were arrested on Monday, November 29, 2021 in a location within the new Government Reservation Area, G.R.A, Port Harcourt, Rivers State. The suspects are: Thompson George; Asu Tommy; John Joseph; Imoh Anthonia; Adegbejire Michael; Mayei Godpower; Demian Israel Kelechi, Banyo Fred and Atuaka Chispm. Others are: Elliot Diamond; Simeon Blessing; Umukoro Victor; Horsefall Reuben; Munku Jonah Munga; Nweke John; Amos Daniel, Chikwe Chinedu and Gloria Horsfall. They were arrested alongside three vehicles comprising a Truck with…

The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Command, on Tuesday, November 30, 2021, secured seven convictions before Justice Uche Agomoh of Federal High Court, Ibadan, Oyo State. The convicts are: Aiyelokun Bolaji Emmanuel (a.k.a Calvin James), Joseph Olaoluwa Bamigboye(a.k.a Casey Dean), Ayojide Ayomide Ezekiel(a.k.a Jilas Jarvis Jackson), Olamide Odunayo Ibrahim(a.k.a Oddie Stones), Olaoluwa Mutiu Ademola, Osiyemi Oluwadamilare Olamide and Idowu Olawale Monsuru The defendants pleaded guilty to separate one count of impersonation, an offence which contravenes Section 22(2) (b) (i) and is punishable under Section 22(2)(b) of the Cybercrimes (Prohibition, Prevention, Etc) Act, 2015 following a plea bargain…

The trial of former Niger State Governor, Muazu Babangida Aliyu and two others; Tanko Beji and Umar Nasko before Justice Mikail Aliyu of the Niger State High Court, Minna continued today, December 1, 2021, with the Economic and Financial Crimes Commission EFCC, presenting two more witnesses. The defendants are being prosecuted for alleged criminal breach of trust and diversion of Two Billion Naira Ecological Fund. The tenth prosecuting witness, PW10, Hamisu Musa Jankaro, erstwhile Chief Accountant and later, Permanent Secretary, Government House between 2010-2016, told the court that he was instructed by the then Chief of Staff to the Niger…

Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Abdulrasheed Bawa has called on members of the National Youth Service Corps, NYSC, to take ownership of the war against economic and financial crimes, in order to save the nation their deleterious effects. He gave the charge on Wednesday, December 1, 2021, in Port Harcourt, Rivers State while addressing Corps members at the NYSC’s Orientation camp in Nonwa- Gbam. According to him, only public ownership of the anti-graft war can drive the requisite commitment to tackle the menace of corruption. “As young Nigerians, the EFCC expects you to align…

The Senate on Wednesday amended the National Health Insurance Act (Repeal and Re-enactment) Bill, 2021, passed by the National Assembly in April last year. The amendment of the law followed the consideration of a motion for re-committal of some clauses by the Committee of the Whole. The Senate Leader, Yahaya Abdullahi (Kebbi North), sponsored the motion for re-committal. The Deputy Leader, Ajayi Boroffice, in his presentation on behalf of the Senate Leader, recalled that the National Assembly transmitted the bill after its passage to President Muhammadu Buhari for assent on April 23, 2020. He observed that the President, after critical…

President Muhammadu Buhari has decided not to sign the new electoral Bill as a ‘Act of Parliament’ to anchor future elections, just two weeks after the National Assembly passed it for Presidential Assent. According to reports, the President informed relevant parties of his decision after consulting with the Independent National Electoral Commission (INEC) and the Attorney General of the Federation (AGF), Abubakar Malami. Following a veto, the National Assembly will have to choose between correcting and accommodating the President’s concerns by reworking the document for his approval or overriding his veto by convening a joint session of the Assembly to…

The eleventh prosecution witness, PW11, Joanne Tolulope, in the ongoing trial of a former Ekiti State governor, Ayodele Fayose, on Wednesday, December 1, 2021, told Justice Chukujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos how Fayose’s associate, Abiodun Agbele, had bought properties worth N1.3 billion within four months. The Economic and Financial Crimes Commission, EFCC, Lagos Command had, on Tuesday, July 2, 2019, re-arraigned Fayose on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn( Six Billion Nine Hundred Naira). Fayose was arraigned alongside one of his firms, Spotless Investment Limited, for…

The Senate has called on the presidency to, as a matter of urgency, takeover and resuscitate the largest ship in the fleet of the Nigerian Navy, NNS ARADU. This was just as it called for a roundtable of stakeholders such as the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety (NIMASA), Nigerian National Petroleum Corporation (NNPC), Nigerian Customs and Excise, and Nigerian Immigration Services to fashion out a funding regime to facilitate the refitting and refurbishing of the Navy flagship in servicing Nigeria’s maritime domain. These formed resolutions reached sequel to a motion considered during plenary on Wednesday. The…

The US scientists who created the first living robots say the life forms, known as xenobots, can now reproduce — and in a way not seen in plants and animals. Formed from the stem cells of the African clawed frog (Xenopus laevis) from which it takes its name, xenobots are less than a millimeter (0.04 inches) wide. The tiny blobs were first unveiled in 2020 after experiments showed that they could move, work together in groups and self-heal. Now the scientists that developed them at the University of Vermont, Tufts University and Harvard University’s Wyss Institute for Biologically Inspired Engineering…