Investogist
No Result
View All Result
Monday, March 2, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    Oil Prices Surge Amid Middle East Tensions

    Oil Prices Surge Amid Middle East Tensions

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Macron: France ready to deploy resources in M. East

    Macron: France ready to deploy resources in M. East

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Dubai Airport Cancels Flights as UAE Closes Airspace Due to Middle East Tensions

    Dubai Airport Cancels Flights as UAE Closes Airspace Due to Middle East Tensions

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    GTCO Announces Total Voting Rights as at 27 February 2026

    GTCO Announces Total Voting Rights as at 27 February 2026

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    BUA Cement Announces ₦10 Final Dividend for 2025  FY

    BUA Cement Announces ₦10 Final Dividend for 2025 FY

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria announces N15 final dividend for FY 2025

    Zichis Agro-Allied Proposes 20 Kobo Dividend ahead AGM

    Zichis Agro-Allied Proposes 20 Kobo Dividend ahead AGM

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc Seeks NGX Approval for Rights Issue at ₦50 per share

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    Oil Prices Surge Amid Middle East Tensions

    Oil Prices Surge Amid Middle East Tensions

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Macron: France ready to deploy resources in M. East

    Macron: France ready to deploy resources in M. East

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Dubai Airport Cancels Flights as UAE Closes Airspace Due to Middle East Tensions

    Dubai Airport Cancels Flights as UAE Closes Airspace Due to Middle East Tensions

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    GTCO Announces Total Voting Rights as at 27 February 2026

    GTCO Announces Total Voting Rights as at 27 February 2026

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    BUA Cement Announces ₦10 Final Dividend for 2025  FY

    BUA Cement Announces ₦10 Final Dividend for 2025 FY

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria announces N15 final dividend for FY 2025

    Zichis Agro-Allied Proposes 20 Kobo Dividend ahead AGM

    Zichis Agro-Allied Proposes 20 Kobo Dividend ahead AGM

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc Seeks NGX Approval for Rights Issue at ₦50 per share

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Alleged NBC N2.9b Fraud: Defendant Loses in Application against EFCC

Wednesday, 2 December 2020, 6:00 pm
in News, Nigeria
0
EFCC Investigates Two Lebanese For $890,000 Fraud
Share Share Share Share Send as Email

Justice Giwa Ogunbanjo of Federal High Court, Abuja, on Tuesday, December 1, 2020, threw out the application of Patrick Areh, the second defendant in the trial of the former director-general of National Broadcasting Commission (NBC) Emeka Mba, and four others for alleged N2.9billion fraud, according to the press release issued by the Economic and Financial Crimes Commission (EFCC) on Wednesday.

EFCC said that Mba and Areh, alongside Basil Udotai, Babatunde Amure, and a company, Technology Advisors are facing prosecution by the EFCC, for alleged diversion of N2.9 billion, meant for the purchase of setup boxes for digital switch-over from analogue broadcasting in the country.

The application had sought the rejection of the testimony of Abubakar Madaki, a prosecutor with the Economic and Financial Crimes Commission, EFCC.

  • Read also: Breaking: Naira value tumbles against the dollar wiping earlier gains at the parallel market
  • Just in: CBN introduces Special Bills to deepen the financial markets

Judge Ogunbanjo stated there was no reason why the testimony should not be admitted in evidence since the applicant failed the test of the burden of proof in the trial.

“I, therefore, overrule the second defendant’s objection to the admissibility of the statement; such is to be tendered in evidence. The said statement is therefore tendered and marked accordingly,” the judge said.

EFCC said the NBC fraud case was adjourned till March 9, 10, 23, and 24, 2021, for the continuation of the trial. Are’s application failed for his failure to prove his claim that he did not write his statements in EFCC’s office out of his own volition but was traumatized and coerced by Madaki into doing so.

By: Ifunanya Ikueze

Related Posts:

  • EFCC personnels
    EFCC Arraigns Banker for Alleged N80million Fraud
  • Kogi
    Alleged N110bn fraud: EFCC arrests former Kogi State…
  • Theodore-Orji-e1586621979609
    EFCC arraign former Abia state Gov Theodore Orji,…
  • Cletus Ibeto
    Court orders Cletus Ibeto’s arrest over alleged N4.8bn fraud
Previous Post

Breaking: Naira value tumbles against the dollar wiping earlier gains at the parallel market

Next Post

Recapitalization of Resort Savings & Loans Plc still work in progress

Next Post
Recapitalization of Resort Savings & Loans Plc still work in progress

Recapitalization of Resort Savings & Loans Plc still work in progress

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

United Capital Plc Declares Final Dividend of ₦0.70 per Share

United Capital Plc Declares Final Dividend of ₦0.70 per Share

Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

Oil Prices Surge Amid Middle East Tensions

Oil Prices Surge Amid Middle East Tensions

Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

GTCO Announces Total Voting Rights as at 27 February 2026

GTCO Announces Total Voting Rights as at 27 February 2026

United Capital Plc Declares Final Dividend of ₦0.70 per Share

United Capital Plc Declares Final Dividend of ₦0.70 per Share

Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved