EFCC Witness Says Malami Not Linked to Companies’ Bank Transactions
A compliance officer with Sterling Bank, David Ajoma, on Friday told the Federal High Court in Abuja that former Attorney General of the Federation, Abubakar Malami, was not involved in transactions carried out by Rayhan Hotels and Metropolitan Autotech Limited through their accounts with the bank. Ajoma, who appeared as the first prosecution witness for […]
Court Acquits Abba Kyari, Brothers in Asset Disclosure Case
The Federal High Court on Thursday acquitted suspended Deputy Commissioner of Police, Abba Kyari, and his two brothers of charges relating to alleged non-disclosure of assets. Delivering judgment, Justice James Omotosho dismissed the case filed by the National Drug Law Enforcement Agency (NDLEA), ruling that the prosecution failed to prove its allegations beyond reasonable doubt. […]
CBN Capital Rules Reshape Nigerian Banking Sector
Nigeria’s banking sector is undergoing one of its most significant reforms in decades following new capital requirements introduced by the Central Bank of Nigeria (CBN). In March 2024, the CBN announced revised minimum capital thresholds for banks, directing lenders to raise additional funds by March 31, 2026. The policy is aimed at creating stronger, better-capitalised […]
