Author: Chronicle Editor

A former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin, was on Monday, September 28, 2020, handed a cumulative 98 years in prison by Justice Muniru Olagunju of the Oyo State High Court for fraud. Adesakin, female, was found to have committed financial fraud against her employers to the tune of N49,320,652.32 (Forty-nine Million, Three Hundred and Twenty Thousand, Six Hundred and Fifty-two Naira, Thirty-two Kobo), and additional $368,203.00 (Three Hundred and Sixty-eight Thousand, Two Hundred and Three United States Dollars) belonging to the bank which she converted to her personal use. The convict was prosecuted by the Ibadan…

In continuation of its move to forcibly take over Nigerian pharmaceutical retail firm, HealthPlus; Alta Semper Capital (ASC), the United Kingdom private equity firm (PEF), has made moves to seize the headoffice of the pharmaceutical firm. The move according to highly placed sources close to the two companies, manifested in an attempted termination of the contract of Prudential Guards Limited, the security company hired by HealthPlus. The sources added that Alta Semper has concluded plans to hire a new security firm called, G4S Secure Solutions Nigeria Limited. They also revealed that Alta Semper, in a letter dated 28 September and…

Manchester United are refusing to give up their pursuit of Borussia Dortmund’s England forward Jadon Sancho, 20. (ESPN) Manchester United will allow Wales winger Daniel James, 22, to join Leeds United on loan, but only if they sign Sancho. (Sun) They are also considering a move for Senegal winger Ismaila Sarr, 22, from Watford, if they fail to land Sancho. (Mail) Bayern Munich are considering a bid for Norwich City’s 20-year-old English right-back Max Aarons. (Mail) Tottenham are considering another move for Inter and Slovakia defender Milan Skriniar, but are unwilling to meet the 25-year-old’s asking price. (Guardian) Everton and Leicester City are both interested in Chelsea’s French defender Kurt Zouma, 25. (Le10 Sport – in French) Man Utd in talks with Kante’s…

A couple and two others have been arrested by men of the Ogun State Police Command for being in possession of a suspected human skull. The couple, Niyi and Remilekun Folorunso, were arrested alongside one Muyideen Tolubi and a herbalist, Sonubi Taiwo, after they allegedly severed the head of a corpse. The state Police Public Relations Officer, DSP Abimbola Oyeyemi, disclosed this in a statement on Monday. Lawan, Gbajabiamila Vow To Break PIB Jinx Oyeyemi said the four suspects were arrested last Thursday following information received by the police that the suspects were digging a grave in Odogbolu. He said,…

A US man is facing up to two years in jail in Thailand after posting negative reviews of a hotel he stayed in. He was sued by the resort under the country’s strict anti-defamation laws. Wesley Barnes, who works in Thailand, posted several reviews on different platforms allegedly accusing the resort of “modern day slavery”. The Sea View Resort, however, said the harsh criticism by the former guest was untrue and damaging to the hotel’s reputation. “The owner filed a complaint that the defendant had posted unfair reviews on his hotel on the TripAdvisor website,” police told the AFP news…

The minister of the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHDSD), Sadiq Farouq, has distanced herself from the diverted N2.72 billion meant for School Feeding during the lockdown. Reacting to reports that monies meant for the National Home Grown School Feeding Programme during the lockdown was diverted, the minister said it had nothing to do with her ministry. “FMHDSD wishes to dissociate itself from a trending report in the media titled “N2.72b for School Feeding During Lockdown Diverted To Private Accounts”. “The report emanated after a presentation by the Chairman of ICPC, Prof. Bolaji Owasanoye at…

The Nigeria Centre for Disease Control (NCDC) has announced 136 confirmed new coronavirus cases in the country on Monday. The 126 cases announced by the Centre for Disease Control takes the total number of confirmed COVID-19 cases to 58,460. The NCDC also announced the discharge of 101 patients from isolation centers across the country with three new deaths reported. Lagos state, the epicentre of the virus in Nigeria reported 71 new confirmed cases taking the total number of confirmed cases in Lagos alone to 19310. Nigeria announces 126 new coronavirus cases Rivers state reported 23 new cases, Plateau state recorded…

The leadership of the National Assembly said on Monday that the ninth assembly will break the jinx of not being able to pass the Petroleum Industry Bill (PIB) after several attempts. The President of the Senate, Ahmad Lawan and the Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila assured Nigerians that the time had come for the passage of the bill. They spoke at a meeting of the leadership of the National Assembly with the Minister of State for Petroleum, Timipre Silva, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari and some other top…

Vice President Yemi Osinbajo has called for an overhaul of the international tax system in order to tackle the scourge of Illicit Financial Flows (IFF) and related vices, which is negatively impacting progress in developing countries especially in Africa. The Vice President made the call on Monday at the virtual press launch of a publication by the United Nations Conference on Trade and Development (UNCTAD) on the impact of illicit financial flows (IFFs) on African Development. According to Prof. Osinbajo, “the enormity of efforts required to tackle illicit financial flows is evident in the many dimensions the scourge presents itself. It…

Liverpool’s new £45m signing Diogo Jota grabbed a home debut goal as the champions came from behind to record an impressive 3-1 victory against Arsenal at Anfield. Arsenal, who had won their opening two Premier League games, went ahead after 25 minutes when Alexandre Lacazette took advantage of Andy Robertson’s error to bundle a close-range finish past Alisson but ended well beaten. Liverpool, who maintained their 100% start to the season and moved second behind Leicester City, responded instantly as man-of-the-match Sadio Mane pounced two minutes later after Arsenal goalkeeper Bernd Leno could only push out Mohamed Salah’s shot. And…