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    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

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    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

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    SEC Nigeria to introduce tax incentive backed National Savings Scheme

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    Dangote ends naira sales, Begins petrol Sales in Dollar

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    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

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    Access Holdings Posts ₦474.2bn Nine-Month Profit, Lays Out Five-Point Scale-to-Value Plan

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    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

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    Nigerian Exchange launches a WhatsApp subscription channel for public offers

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    Neimeth Opens N4.00 Rights Issue to Shareholders

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    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?

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

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D’Banj arrested and detained over N-Power fraud allegations

Wednesday, 7 December 2022, 12:02 pm
in News, Nigeria
0
D’Banj arrested and detained over N-Power fraud allegations
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D’banj, Nigeria’s Afrobeat star has been arrested and detained by the Independent Corrupt Practices and other Related Offences Commission (ICPC), over allegation of diversion of funds earmarked for the N-Power project, Premium Times reported on Wednesday.

N-power is part of the Social Investment Programmes (SIPs) set up by the Muhammadu Buhari administration to tackle unemployment and increase social development.

According to the report, D’banj had dodged ICPC summons for weeks and claimed he had foreign engagements before his arrest on Tuesday.

“The musician was arrested and detained Tuesday after ICPC operatives closed in on him, forcing him to surrender himself at the agency’s headquarters in Abuja, Nigeria’s capital, sources familiar with the matter said. D’banj, insiders said, had dodged summons for weeks, claiming to be overseas for scheduled concerts each time he was invited to appear for interrogation over fraud allegation.

“The pop star, a wealthy Nigerian celebrity, is accused of fraudulently diverting hundreds of millions of naira earmarked by the Nigerian government for N-Power project, an empowerment programme set up by the Nigerian government in 2016 to address youth unemployment and increase social development.

“Investigators allege that D’banj colluded with some compromised government officials to introduce ghost beneficiaries into the payroll of the scheme. The stipend paid to those beneficiaries are then paid to accounts that have now allegedly been linked to the pop star.

Investogist gathered that D’banj was subjected to a prolonged interrogation and was detained after a plea for administrative bail was rejected by officials of the ICPC who said that the star could not be trusted to attend his trial.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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