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Nigeria’s biggest Insurance Firm, NICON loses license, taken over by Receiver Manager.

  The crisis ridden Nigeria’s biggest Insurance Company, the National Insurance Corporation of Nigeria (NICON) has finally lost its operational licence and taken over by a Receiver Manager. NICON owned by the Federal Government and established in 1969 by Decree 22 was axed by the National Insurance Commission (NAICOM), the Insurance Regulatory body that revoked…

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Osun Dismisses EFCC’s ₦11b alleged Looting, accuses agency of acting petty in bad faith.

  The Osun state government has dismissed an allegation by the Economic and Financial Crimes Commission (EFCC) that it froze the state account because of a looted N11 billion, calling the statement a failed attempt to cover up illegal action through unfounded allegation. The state government claimed that the real reason the commission froze its…

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Alleged KWSUBEB Fund Diversion: Witnesses’ absence stalls proceedings in Ex-Gov Ahmed’s case * Case adjourned to Nov 9

Alleged KWSUBEB Fund Diversion: Witnesses’ absence stalls proceedings in Ex-Gov Ahmed’s case * Case adjourned to Nov 9 Stephen Olufemi Oni, Ilorin Not much could be achieved on Monday at the Kwara State High Court sitting in Ilorin in the criminal proceeding involving former Governor Abdulfatah Ahmed and his former Commissioner for Finance, Ademola Banu,…

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