An Ikeja High Court on Monday convicted a Lagos based lawyer, Stella Achebe and her company, Infinite Favour Nigeria Ltd., for issuing N10 million dud cheque to a man. The News Agency of Nigeria (NAN) reports that Justice Sodetan Ogunsanya found Achebe guilty as charged and deferred her sentencing until the defendant was produced. “It…

An Ado-Ekiti Chief Magistrates’ Court, on Monday, sentenced a 25-year-old man, Sunday Peter, to one-month imprisonment for stealing live catfish, valued at N400,000. The Magistrate, Mrs Olubunmi Bamidele, sentenced Peter, following his guilty plea and facts of the case. Bamidele, however, gave the convict an option of N10, 000 fine on count one and N20,000…

Russia said Monday that two of its debt payments were prevented from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive. The announcement came on the 124th day of Russia's military intervention in Ukraine, with Western sanctions so far failing to force the…

The boss of British fintech group Wise is facing a regulatory probe over unpaid taxes, the company said Monday. Tax authorities had in September placed Kristo Kaarmann, chief executive and co-founder of the money transfer specialist, on a list of "individuals and businesses receiving penalties for a deliberate default regarding their tax affairs", Wise revealed…

The United States, Israel and four Arab countries agreed to closer cooperation and annual foreign ministers' meetings on Monday, two weeks before President Joe Biden's first visit to the Middle East. Bahrain, host of the six-way talks, the United Arab Emirates and Morocco all opened ties with Israel under the US-brokered Abraham Accords in 2020,…