Sterling Financial Holdings Company Plc has completed a $50 million capital raising exercise, aimed at meeting the Central Bank of Nigeria’s (CBN) recapitalisation directive for its subsidiaries. The move, equivalent to around N75 billion, was executed through a private placement involving domestic investors and ultra-high-net-worth groups in Lagos. The Group Chief Executive Officer of Sterling…

Zamfara State governor, Dauda Lawal, has alleged that his predecessor and current Minister of State for Defence, Bello Matawalle, was involved in banditry activities. Lawal, who made the claim on Wednesday on Television Continental (TVC), alleged that Matawalle kept some bandits in the Zamfara State Government House. He also alleged that when the children of…

Stakeholders advocating for the promotion of the whistleblowing policy introduced by the Nigerian government in December 2016 to fight corruption have raised alarms over the growing perception that the policy has been abandoned. They identified strategic engagements with key stakeholders as a major factor that could be employed to reverse the unfavourable impression. They made…

Former Arsenal footballer Jay Emmanuel-Thomas has been charged with attempting to import £600,000 worth of cannabis through Stansted Airport. The 33-year-old, who currently plays for Greenock Morton in the Scottish Championship, was arrested by National Crime Agency (NCA) officers in Gourock, Inverclyde, on Wednesday, with support from Police Scotland. Emmanuel-Thomas, who started his career at…

Kogi State Government has wielded the big stick against some lecturers of Kogi State Polytechnic, Lokoja, over allegations of sexual harassment of students.