Author: David Great

A Federal High Court in Lagos, on Monday, held that it would await the decision of the Court of Appeal in a suit by Ecobank challenging alleged sale of N6.3 billion shares in Barbican Capital Limited. Ecobank had filed the suit against Obafemi Otudeko, Barbican Capital Ltd., and Honeywell Flour Mills of Nig. Plc. as the first, second and third defendants, respectively. Also joined as defendants are: Siloam Global Services Ltd., Oyeleye Foluke, First Bank of Nigeria (FBN) Holdings Plc., Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange as the fourth, fifth, sixth, seventh and eighth defendants, respectively The…

Iran called on US President Donald Trump on Monday to force Israel to cease fire as the only way to end the four-day-old aerial war, while Israeli Prime Minister Benjamin Netanyahu said his country was on the “path to victory”. Israeli forces stepped up their bombardment of Iranian cities, while Iran proved capable of piercing Israeli air defences with one of its most successful volleys yet of retaliatory missile strikes. “If President Trump is genuine about diplomacy and interested in stopping this war, next steps are consequential,” Iran’s Foreign Minister Abbas Araqchi said on X. “Israel must halt its aggression,…

President Bola Tinubu of Nigeria will visit Benue state on Wednesday following the recent killing of more than 200 residents of the north central state by herdsmen, a statement by his office said on Monday. Tinubu has been criticized for his inaction by opposition leader, Peter Obi of the Labour Party,  who pointed to the actions of presidents in India and South Africa after similar crisis that claimed the lives of citizens in those country. “President Bola Tinubu has rescheduled his official visit to Kaduna State. Instead, he will travel to Benue State on Wednesday, June 18, 2025, as part…

The Economic and Financial Crimes Commission, EFCC, on Monday, June 16, 2025, arraigned a former Governor of the Central Bank of Nigeria, CBN, Godwin Ifeanyi Emefiele, before Justice Yusuf Halilu of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, on an eight-count charge bordering on criminal breach of trust, conspiracy, forgery, and unlawful possession of property suspected to be proceeds of crime to the tune of ₦7,831,002,396 (Seven billion, eight hundred and thirty-one million, two thousand, three hundred and ninety-six naira). Emefiele is facing trial for allegedly using his privileged position to unlawfully acquire properties and control large sums…

Arsenal are actively pursuing moves for Sporting Lisbon’s Sweden striker Viktor Gyokeres, 27, and RB Leipzig’s Slovenia attacker Benjamin Sesko, 22, though will only sign one forward this summer. (Mirror) However, Arsenal think the asking price for Gyokeres is too high. Arsenal will focus on signing Sesko or Aston Villa’s England forward Ollie Watkins, 29. (Record – in Portuguese) AC Milan have opened talks with Arsenal over signing the Gunners’ Ukraine defender Oleksandr Zinchenko, 28. (Corriere dello Sport – in Italian) Real Madrid are hoping to snap up Liverpool defender Ibrahima Konate, 26, on a free transfer next summer, when…

Bayern Munich kicked off their 2025 FIFA Club World Cup campaign in devastating fashion on Sunday, delivering a crushing 10-0 defeat to New Zealand’s Auckland City at the TQL Stadium in Cincinnati. The German giants showed their dominance from the outset in the Group C encounter, with Kingsley Coman, Michael Olise, and Thomas Müller all netting twice, while Sacha Boey also got on the scoresheet. Jamal Musiala stole the show in the second half, coming off the bench to score a hat-trick in just 18 minutes, including a penalty. Despite the presence of Harry Kane in the starting lineup, the…

Arsenal are poised to return with another bid for Sporting Lisbon’s striker Viktor Gyokeres, 27, with Atletico Madrid also interested in the player. Gyokeres has already ruled out a move to Manchester United. (Record – in Portuguese) Bayer Leverkusen want Netherlands forward Justin Kluivert after selling Germany midfielder Florian Wirtz, 22, to Liverpool and have approached Bournemouth about the 26-year-old’s availability. (Mail) Bournemouth have agreed a deal to sign defender Adrien Truffert, 23, from Rennes, which will allow the Cherries’ Hungary left-back Milos Kerkez, 21, to complete his move to Liverpool. (ESPN) Set-piece coach Keith Andrews is a candidate to…

Iran and Israel traded missiles and airstrikes on Saturday, the day after Israel launched a sweeping air offensive against its old enemy, killing commanders and scientists and bombing nuclear sites in a stated bid to stop it building an atomic weapon. Israeli Prime Minister Benjamin Netanyahu said Israel’s strikes had set back Iran’s nuclear programme possibly by years but rejected international calls for restraint, saying the attack would be intensified. “We will hit every site and every target of the Ayatollahs’ regime, and what they have felt so far is nothing compared with what they will be handed in the…

The Economic and Financial Crimes Commission, EFCC on Friday, June 13, 2025 arraigned Halima Buba and Innocent Mbagwu before Justice Emeka Nwite of the Federal High Court, Abuja for fraud. The defendants, who are Managing Director/Chief Executive Officer of SunTrust Bank Ltd and Executive Director/Chief Compliance Officer of SunTrust Bank Limited, respectively are being prosecuted on a six-count charge, bordering on money laundering to the tune of $12 million (twelve million dollars). Count two of the charge reads: “That you, Halima Buba, Managing Director/Chief Executive Officer SunTrust Bank Ltd, and Innocent Mbagwu being the Executive Director/Chief Compliance Officer SunTrust Bank…

The Economic and Financial Crimes Commission, EFCC on Tuesday, June 10, 2025 arraigned Jesam Michael and his company Afriq Arbiq Arbitrage System Limited before Justice Obiora Egwuatu of the Federal High Court sitting in Abuja for alleged investment scam. They were arraigned on a seven- count charge bordering on obtaining under false pretence, operating without a licence and fraud. Count one of the charge reads; that you Jesam Michael Ubi and Afriq Arbitrage System Limited between September 2022 and June, 2023 in Abuja within the jurisdiction of this Honorable Court whilst not being a bank or person authorized to take…