CBN Says PFIPC Accounts Were Opened on Accountant-General’s Directive, But Remained Unused

The Central Bank of Nigeria has confirmed that it opened two domiciliary accounts linked to the disputed Presidential Foreign Investment Promotion Council. According to the apex bank, the action was taken based on instructions from the Office of the Accountant-General of the Federation. The CBN stated that one of the accounts was denominated in United…

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EFCC Prosecutes Alleged Fraudulent Bureau De Change Operator in Onitsha Over N78.2 Million

The Economic and Financial Crimes Commission has arraigned a suspected fraudulent Bureau De Change operator before a court in Onitsha over allegations of financial fraud amounting to N78.2 million. The defendant is accused of defrauding victims under the guise of conducting legitimate foreign exchange transactions. According to the anti-graft agency, the suspect allegedly obtained funds…

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Human Right Activist Dele Farotimi Arrested

Here’s the rephrased text in 3 paragraphs:The Nigerian Police’s recent arrest of human rights lawyer Dele Farotimi has sparked widespread concern about the erosion of democratic values in the country. This incident comes on the heels of investigative journalist Fisayo Soyombo’s three-day detention by the Nigerian Military. The fact that Farotimi’s whereabouts are currently unknown…

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