Author: Citynews

The trial of former Taraba State Governor, Darius Dickson Ishaku, and a former Permanent Secretary in the Bureau for Local Government and Chieftaincy Affairs, Bello Yero, resumed on Tuesday, April 28, 2026, at the Federal Capital Territory (FCT) High Court, Abuja, with fresh testimony from a prosecution witness presented by the Economic and Financial Crimes Commission (EFCC). The anti-graft agency is prosecuting the duo on a 15-count charge bordering on criminal breach of trust, conspiracy, and alleged diversion of public funds amounting to N27 billion. At the resumed hearing before Justice S. C. Oriji, the third prosecution witness (PW3), Taiwo…

L-R: Babatunde Soyoye, Director; Marie Namias, Director; Segun Agbaje, Group Chief Executive Officer; Suleiman Barau, Chairman; Erhi Obebeduo,  Group Company Secretary; Cathy Echeozo, Director and Adebanji Adeniyi, Director, all of GTCO Plc at the company’s 5th Annual General Meeting Held on Tuesday in Lagos The shareholders of Guaranty Trust Holding Company Plc (GTCO), yesterday commended the management of the financial institution for the highest dividend payout of N12.76 kobo in the Nigerian’s banking sector for 2025 financial year. The shareholders yesterday at the GTCO’s 5th Annual General Meeting (AGM) lauded the Group’s impressive 2025 financial year performance and also for…

The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has raised fresh concern over rising cybercrime among Nigerian students. He said a large number of undergraduates are now involved in internet fraud, describing the trend as alarming. Olukoyede spoke on Tuesday in Kano. The event was the 8th biennial conference of the Committee of Pro-Chancellors of State-Owned Universities in Nigeria (COPSUN). The conference focused on improving university systems and exploring new technologies. He revealed that recent observations by the commission show a disturbing pattern across campuses. According to him, “My research in the last one year has…

A public affairs analyst and economic advocate, Aminu Kuta, said the federal government has not introduced a new vehicle tax for Nigerians. He disclosed this in a statement on Tuesday. His reaction comes as a report claimed that the Nigerian government had introduced a fresh tax. He dismissed the claims as false claims. According to him, either the Nigerian Revenue Service (NRS) or the Federal Ministry of Finance did not impose such a tax. “I wish to categorically state that there is no new tax on vehicles as is being falsely circulated in some quarters. Our findings confirm that neither…

All Progressives Congress, APC, governorship aspirant in Lagos state, Samuel Ajose, has said that the endorsement of Deputy Governor Obafemi Hamzat as the next governor by Governor Babajide Sanwo-Olu and the Governance Advisory Council, GAC, will not stand. GAC, regarded as the highest decision-making body of the All Progressives Congress in Lagos State, endorsed Hamzat, as its consensus candidate for the 2027 governorship election. The decision was reached during a closed-door meeting held at Lagos House, Marina, indicating an early alignment within the ruling party ahead of the next electoral cycle. Speaking after the session, GAC leader, Tajudeen Olusi, said members…

Fresh revelations have surfaced in the ongoing trial of Godwin Emefiele, as a key prosecution witness told the court that suspects linked to the case admitted involvement in a $6.23 million fraud tied to the Central Bank of Nigeria. The trial is taking place before Justice Hamza Muazu at the Federal Capital Territory High Court in Maitama. The former apex bank chief is facing a 20-count amended charge bordering on alleged abuse of office, criminal breach of trust, forgery, conspiracy, and obtaining money under false pretence. Testifying on Tuesday, the 14th prosecution witness, Eloho Okpoziakpo, a Commissioner of Police attached…

The 2023 presidential candidate of the Labour Party, Peter Obi, is currently holding a closed-door meeting with the Oyo State Governor, Seyi Makinde. The meeting is taking place at the Oyo State Government House. Obi was accompanied to the meeting by some Igbo elders, African Democratic Congress, ADC, senators from the South-East, and his political associates. Although he is yet to address the press, the meeting may not be unconnected to his presidential ambition. This is coming barely 24 hours after the former governor of Anambra State met with ex-Nigerian President, Goodluck Jonathan. Obi has been consulting leaders across the…

Former Minister of Power, Prof. Barth Nnaji, on Monday made an assessment of Nigeria’s power sector, blaming over a decade of stalled investment on policy inconsistency, weak infrastructure development, and the abrupt discontinuation of a financing framework that had begun attracting global capital into electricity generation projects. Nnaji spoke in Lagos at the 2026 conference of the Nigerian Association for Energy Economics, where he addressed participants on the future of Nigeria’s energy mix, the role of natural gas in powering the economy, the financing bottlenecks facing major projects, and the long-standing delays around strategic assets such as the Mambilla hydropower…

The Economic and Financial Crimes Commission, EFCC, insisted on Monday at the High Court of the Federal Capital Territory that the signatures of late President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF), Boss Mustapha, were forged by unscrupulous Nigerians to defraud the country of $6,230,000. EFCC Assistant Commander II, Mr Chinedu Eneanya, told the court that five officials of the Central Bank of Nigeria (CBN) moved the money out of the apex bank under the guise that it was meant for the payment of foreign election observers in the 2023 general elections. The anti-graft agency…

Peter Obi has said closed-door meeting with former President Goodluck Jonathan on Monday was frank and thoughtful. He said the discussions were anchored on the urgent need to reposition Nigeria on the path of unity, security, stability, productivity, and inclusive governance. The former Anambra governor, who led a delegation of notable South-East leaders to Jonathan’s residence, said the consultation was part of his ongoing engagements with Nigerian leaders ahead of the 2027 general elections. “Our discussions were frank, thoughtful, and anchored on the urgent need to reposition Nigeria on the path of unity, security, stability, productivity, and inclusive governance. “At…