The Economic and Financial Crimes Commission (EFCC) is commence the prosecution of banks, top officials in Nigeria’s banking sector over allegations of financial crimes such as money laundering and fraudulent practices. This was made known on Tuesday by the EFCC Chairman, Olanipekun Olukoyede, during the 17th Annual Banking and Finance Conference organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja.

The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), is advocating that any Nigerian found guilty of corruption and convicted should not enjoy state pardon. The AGF also urged the law enforcement agencies to be holistic in their investigations before approaching courts, calling on them to have their dossier intact before summoning anyone for questioning as it will give them leverage against the suspect.

The Independent Corrupt Practices and other Related Offences Commission (ICPC) questioned Chris Ngige, a former minister of labour and employment, over alleged job racketeering and contract regularities at the Nigeria Social Insurance Trust Fund (NSITF).

The Federal Government has Okayed a 50 per cent increase in the feeding allowance for Nigerian inmates, effective from August 2024, this according to federal government is to ameliorate the rising cost of food and improve inmate welfare. Spokesperson for the Nigeria Correctional Service, Abubakar Umar, made this known during an interview with PUNCH Online this afternoon.

Binance Holdings Limited, a crypto currency platform has today expressed its readiness to “settle any alleged past issue” with the Nigerian Government so that its relationship should go back to normal. Accordingly, the cryptocurrency trading platform has urged the Nigerian Government to release its detained executive, Tigran Gambaryan, so that they can find headway to resolve all issues at stake.

Justice Emeka Nwite, of the Federal High Court in Abuja on Monday has filed treason charges against ten protesters in connection with the recent #EndBadGovernace protests. The charges include felony and treason, contrary to Section 96 and punishable under Section 97 of the Penal Code. The protesters are accused of conspiring to destabilize Nigeria, inciting mutiny, and levying war against the state.
Via the Inspector-General (I-G) of Police, the Federal Government charged the defendants on August 30 under the file number FHC/ABJ/CR/454/2024.