Former International Monetary Fund chief Rodrigo Rato was on Friday, Dec. 20, sentenced to more than four years in prison by a Madrid court for tax crimes, money laundering and corruption. Judges found Rato, who was also a former economy minister in Spain, guilty of “three offences against the treasury, one offence of money laundering…
The Central Bank of Nigeria (CBN) has announced that eligible Bureau de Change (BDC) operators will have temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM) to purchase $25,000 weekly. This arrangement, aimed at addressing seasonal foreign exchange (FX) demand, will be effective from December 19, 2024, to January 30, 2025. In a…
A mother and her two sons have been remanded in Ilesa Correctional Centre for allegedly stealing cocoa beans valued at N4.5 million. The Chief Magistrate Court in Osogbo issued the remand order on Wednesday, December 18, 2024, following their arraignment on charges of conspiracy and theft. The accused, Ayanda Olubunmi, 45, and her sons Joshua…
Three Nigerians made the Forbes List of the most powerful, impactful and wealthiest Black Americans in 2024. The Nigerians on the list are Wemimo Abbey, Tope Awotona and Adebayo Ogunlesi, all based in the United States. Abbey, 32, is the Cofounder and Co-CEO, Esusu, a New York fintech startup that helps renters build their credit…
Former Super Eagles of Nigeria captain, Mikel Obi has disclosed that he was offered performance-enhancing drugs at Chelsea. He made this revelation after Chelsea star Mykhailo Mudryk failed a drugs test on Tuesday this week and was provisionally suspended by the Football Association.Following the suspension, the Ukraine international released a statement shortly after the…
Senator Bernie Sanders has publicly criticized Jeff Bezos for dining with Donald Trump at Mar-a-Lago while Amazon workers went on strike across multiple U.S. locations Thursday, December 19. In a post on X (formerly Twitter), Sanders condemned Bezos and his partner, Lauren Sanchez, for their Wednesday night double date with Trump and Melania, accusing…
The palace of the Ooni of Ife, Oba Adeyeye Enita Ogunwusi has expressed sadness over the stampede that occured at a children’s funfair organized by his ex-wife, Queen Naomi Ogunseyi, at Islamic High School, Bashorun in Ibadan, Oyo State capital on Wednesday, December 18. In a statement released by the Director, Media and…
President Bola Tinubu has expressed profound sadness over the tragic incident at the Children’s Funfair in Ibadan, Oyo State which resulted in the loss of 35 children and left many injured. In a statement released by his spokesman, Bayo Onanuga, the President extended his heartfelt condolences to the Government and people of Oyo State,…
The Economic and Financial Crimes Commission (EFCC) has summoned all 18 suspended local government area (LGA) chairpersons in Edo state following allegations of financial misconduct. According to sources within the EFCC, the probe was triggered by a petition from Monday Okpebholo, the governor of Edo state, accusing the chairpersons of failing to pay workers’…
United States Senator representing the state of Kentucky, Rand Paul, has endorsed Elon Musk as the next Speaker of the House. Senator Paul made this known in a statement on his official X account on Thursday December 19,saying the speaker of the House does not need to be a Congress member The Speaker of…
