Nnaemeka Onyekachi, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Wed, 09 Jul 2025 20:37:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Nnaemeka Onyekachi, Author at Nairametrics 32 32 201037849 IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document https://nairametrics.com/2025/07/09/igp-sues-abu-arome-3-ghanaians-over-alleged-forgery-of-company-shares-allocation-document/ https://nairametrics.com/2025/07/09/igp-sues-abu-arome-3-ghanaians-over-alleged-forgery-of-company-shares-allocation-document/#respond Wed, 09 Jul 2025 20:37:14 +0000 https://nairametrics.com/?p=518828 The Inspector-General of Police (IGP) has sued three Ghanaians and a Nigerian lawyer, Abu Arome, over forgery allegations related to their alleged illegal 99 million shares allocation, involving River Park Estate, Abuja. 

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]]> https://nairametrics.com/2025/07/09/igp-sues-abu-arome-3-ghanaians-over-alleged-forgery-of-company-shares-allocation-document/feed/ 0 518828 Dantata & Sawoe advised to resolve $1.4 Million Dangote project debt in Court https://nairametrics.com/2025/07/09/dantata-sawoe-advised-to-resolve-1-4-million-dangote-project-debt-in-court/ https://nairametrics.com/2025/07/09/dantata-sawoe-advised-to-resolve-1-4-million-dangote-project-debt-in-court/#respond Wed, 09 Jul 2025 08:38:58 +0000 https://nairametrics.com/?p=518772 The Federal High Court in Abuja has advised Dantata & Sawoe Construction Company Limited to be “serious” about the $1.4 million terms of a settlement agreement regarding an alleged $1,257,592.83 debt owed to Zutari Consulting Nigeria Ltd, following subcontract work on the Dangote Fertilizer Plant project in Lekki, Lagos, Nigeria. 

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]]> https://nairametrics.com/2025/07/09/dantata-sawoe-advised-to-resolve-1-4-million-dangote-project-debt-in-court/feed/ 0 518772 TStv MD, Bright Echefu, re-arraigned over N1bn and $1.3m alleged investment fraud, seeks out-of-court settlement  https://nairametrics.com/2025/07/08/tstv-md-bright-echefu-re-arraigned-over-n1bn-and-1-3m-alleged-investment-fraud-seeks-out-of-court-settlement/ https://nairametrics.com/2025/07/08/tstv-md-bright-echefu-re-arraigned-over-n1bn-and-1-3m-alleged-investment-fraud-seeks-out-of-court-settlement/#respond Tue, 08 Jul 2025 07:50:35 +0000 https://nairametrics.com/?p=518686 The Economic and Financial Crimes Commission (EFCC) has re-arraigned Bright Echefu, Managing Director and Chief Executive Officer (MD/CEO) of Telecom Satellites Limited (TStv), and three others on an amended twelve-count money laundering charge totaling about N1 billion and $1.3 million alleged investment fraud, including N66 million tax default allegations. 

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]]> https://nairametrics.com/2025/07/08/tstv-md-bright-echefu-re-arraigned-over-n1bn-and-1-3m-alleged-investment-fraud-seeks-out-of-court-settlement/feed/ 0 518686 AGF approves prosecution of Andy Uba, Benjamin Etu over alleged N400 million fraud  https://nairametrics.com/2025/07/07/agf-approves-prosecution-of-andy-uba-benjamin-etu-over-alleged-n400-million-fraud/ https://nairametrics.com/2025/07/07/agf-approves-prosecution-of-andy-uba-benjamin-etu-over-alleged-n400-million-fraud/#respond Mon, 07 Jul 2025 20:00:33 +0000 https://nairametrics.com/?p=518679 The Office of the Attorney-General of the Federation (AGF) has approved the prosecution of Senator Andy Uba and Benjamin Etu over N400 million fraud allegations raised by the Inspector-General of Police (IGP). 

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]]> https://nairametrics.com/2025/07/07/agf-approves-prosecution-of-andy-uba-benjamin-etu-over-alleged-n400-million-fraud/feed/ 0 518679 EFCC arraigns 2 CBEX promoters for promising Nigerians 88% investment returns without SEC consent  https://nairametrics.com/2025/07/07/efcc-arraigns-2-cbex-promoters-for-promising-nigerians-88-investment-returns-without-sec-consent/ https://nairametrics.com/2025/07/07/efcc-arraigns-2-cbex-promoters-for-promising-nigerians-88-investment-returns-without-sec-consent/#respond Mon, 07 Jul 2025 17:42:51 +0000 https://nairametrics.com/?p=518662 The Economic and Financial Crimes Commission (EFCC) on Monday arraigned two promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX” before the Federal High Court in Abuja for allegedly promising Nigerians an 88 percent return on investments without obtaining written consent from the Securities and Exchange Commission (SEC), among other allegations. The […]

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]]> https://nairametrics.com/2025/07/07/efcc-arraigns-2-cbex-promoters-for-promising-nigerians-88-investment-returns-without-sec-consent/feed/ 0 518662 Alleged $854K, N590m fraud: Court to decide Afriq Arbitrage CEO’s fresh bail request on July 22  https://nairametrics.com/2025/07/07/alleged-854k-n590m-fraud-court-to-decide-afriq-arbitrage-ceos-fresh-bail-request-on-july-22/ https://nairametrics.com/2025/07/07/alleged-854k-n590m-fraud-court-to-decide-afriq-arbitrage-ceos-fresh-bail-request-on-july-22/#respond Mon, 07 Jul 2025 14:44:27 +0000 https://nairametrics.com/?p=518650 The Federal High Court in Abuja, on Monday, has fixed July 22 to decide a fresh bail application by Jesam Michael, CEO of the cryptocurrency trading platform Afriq Arbitrage System (AAS) in an alleged investment fraud case against him, involving $844,416.36, $10,000, and N590 million. 

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]]> https://nairametrics.com/2025/07/07/alleged-854k-n590m-fraud-court-to-decide-afriq-arbitrage-ceos-fresh-bail-request-on-july-22/feed/ 0 518650 President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil   https://nairametrics.com/2025/07/06/president-tinubu-to-remove-bottlenecks-hindering-livestock-production-export-between-nigeria-and-brazil/ https://nairametrics.com/2025/07/06/president-tinubu-to-remove-bottlenecks-hindering-livestock-production-export-between-nigeria-and-brazil/#respond Sun, 06 Jul 2025 06:06:35 +0000 https://nairametrics.com/?p=518573 President Bola Tinubu has assured his Brazilian counterpart, Luiz Inácio Lula da Silva, that he will remove all bottlenecks hindering the agricultural sector’s potential—including livestock production—with a view to enabling food sovereignty and boosting exports. 

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]]> https://nairametrics.com/2025/07/06/president-tinubu-to-remove-bottlenecks-hindering-livestock-production-export-between-nigeria-and-brazil/feed/ 0 518573 Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide  https://nairametrics.com/2025/07/04/court-upholds-cbn-backed-nibss-authority-to-manage-bvn-database-nationwide/ https://nairametrics.com/2025/07/04/court-upholds-cbn-backed-nibss-authority-to-manage-bvn-database-nationwide/#comments Fri, 04 Jul 2025 13:11:31 +0000 https://nairametrics.com/?p=518472 The Federal High Court in Abuja on Friday affirmed the legality of the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) management of the Bank Verification Number (BVN) database across Nigeria, in line with the Central Bank of Nigeria (CBN) Act and other relevant banking laws. 

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]]> https://nairametrics.com/2025/07/04/court-upholds-cbn-backed-nibss-authority-to-manage-bvn-database-nationwide/feed/ 1 518472 Court fines Senator Natasha Akpoti N5m for satirical post against Godswill Akpabio, directs her recall  https://nairametrics.com/2025/07/04/court-fines-senator-natasha-akpoti-n5m-for-satirical-post-against-godswill-akpabio-directs-her-recall/ https://nairametrics.com/2025/07/04/court-fines-senator-natasha-akpoti-n5m-for-satirical-post-against-godswill-akpabio-directs-her-recall/#respond Fri, 04 Jul 2025 11:39:16 +0000 https://nairametrics.com/?p=518457 The Federal High Court in Abuja has fined Senator Natasha Akpoti-Uduaghan N5 million for contempt (due to a satirical post) against Senate President Godswill Akpabio, while also directing her recall from suspension. 

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]]> https://nairametrics.com/2025/07/04/court-fines-senator-natasha-akpoti-n5m-for-satirical-post-against-godswill-akpabio-directs-her-recall/feed/ 0 518457 Gov. Alex Otti’s N50 billion Suit: Facebook user accused of defamation, court accepts key exhibits  https://nairametrics.com/2025/07/03/gov-alex-ottis-n50-billion-suit-facebook-user-accused-of-defamation-court-accepts-key-exhibits/ https://nairametrics.com/2025/07/03/gov-alex-ottis-n50-billion-suit-facebook-user-accused-of-defamation-court-accepts-key-exhibits/#respond Thu, 03 Jul 2025 15:41:55 +0000 https://nairametrics.com/?p=518423 The High Court of the Federal Capital Territory on Thursday admitted several documentary exhibits into evidence, alleging that Hon. Toby Chuks used his Facebook platform to harm Abia State Governor Alex Otti’s "profile as a financial expert," among other defamatory claims. 

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]]> https://nairametrics.com/2025/07/03/gov-alex-ottis-n50-billion-suit-facebook-user-accused-of-defamation-court-accepts-key-exhibits/feed/ 0 518423 NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola  https://nairametrics.com/2025/07/02/ncc-vs-mtn-agf-to-decide-on-criminal-charges-facing-ceo-karl-toriola/ https://nairametrics.com/2025/07/02/ncc-vs-mtn-agf-to-decide-on-criminal-charges-facing-ceo-karl-toriola/#comments Wed, 02 Jul 2025 19:40:00 +0000 https://nairametrics.com/?p=518370 The Office of the Attorney General of the Federation (AGF) has said it would, by October 2025, decide on the pending copyright infringement criminal charge instituted against MTN Nigeria Communications Limited and its CEO, Karl Toriola, by the Nigerian Copyright Commission (NCC). The AGF counsel, Aderonke Imana, Esq, made this known to Justice Mohammed Umar […]

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]]> https://nairametrics.com/2025/07/02/ncc-vs-mtn-agf-to-decide-on-criminal-charges-facing-ceo-karl-toriola/feed/ 1 518370 9mobile Ownership Battle: Court set to decide on 43 Million shares by Sept 24  https://nairametrics.com/2025/07/02/9mobile-ownership-battle-court-set-to-decide-on-43-million-shares-by-sept-24/ https://nairametrics.com/2025/07/02/9mobile-ownership-battle-court-set-to-decide-on-43-million-shares-by-sept-24/#respond Wed, 02 Jul 2025 15:12:27 +0000 https://nairametrics.com/?p=518354 The Federal High Court in Abuja has fixed September 24 to rule on several applications in the case of businessman Abubakar Ismaila Isa, who claims that his 43 million shares were allegedly transferred to Emerging Markets Telecommunication Services Limited, operating under the trade name 9mobile, without his consent. 

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]]> https://nairametrics.com/2025/07/02/9mobile-ownership-battle-court-set-to-decide-on-43-million-shares-by-sept-24/feed/ 0 518354 Bauchi Govt announces over $1.5 million investment boost towards establishment of Cement Company https://nairametrics.com/2025/07/01/bauchi-govt-announces-over-1-5-million-investment-boost-towards-cement-company-establishment/ https://nairametrics.com/2025/07/01/bauchi-govt-announces-over-1-5-million-investment-boost-towards-cement-company-establishment/#respond Tue, 01 Jul 2025 17:03:56 +0000 https://nairametrics.com/?p=518276 The Bauchi State Government has disclosed that the state's gypsum and limestone mineral resources have so far attracted over $1.5 million in investment towards the establishment of the state's cement production company. 

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]]> https://nairametrics.com/2025/07/01/bauchi-govt-announces-over-1-5-million-investment-boost-towards-cement-company-establishment/feed/ 0 518276 Supreme Court Judgment: CBN Governor agrees to settle with Consultant over Committal suit  https://nairametrics.com/2025/06/30/supreme-court-judgment-cbn-governor-agrees-to-settle-with-consultant-over-committal-suit/ https://nairametrics.com/2025/06/30/supreme-court-judgment-cbn-governor-agrees-to-settle-with-consultant-over-committal-suit/#respond Mon, 30 Jun 2025 15:56:46 +0000 https://nairametrics.com/?p=518189 The CBN Governor's lawyer, Yusuf Ali SAN, disclosed the development to Justice Mohammed Umar during Monday's proceedings. 

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]]> https://nairametrics.com/2025/06/30/supreme-court-judgment-cbn-governor-agrees-to-settle-with-consultant-over-committal-suit/feed/ 0 518189 Alleged $1 billion scam: Court refuses CBEX promoters bail requests from EFCC custody  https://nairametrics.com/2025/06/30/alleged-1-billion-scam-court-refuses-cbex-promoters-bail-requests-from-efcc-custody/ https://nairametrics.com/2025/06/30/alleged-1-billion-scam-court-refuses-cbex-promoters-bail-requests-from-efcc-custody/#respond Mon, 30 Jun 2025 15:28:23 +0000 https://nairametrics.com/?p=518186 The Federal High Court in Abuja on Monday, has refused the bail applications of three promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX” following their detention in connection with an alleged $1 billion scam targeting Nigerian victims. 

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]]> https://nairametrics.com/2025/06/30/alleged-1-billion-scam-court-refuses-cbex-promoters-bail-requests-from-efcc-custody/feed/ 0 518186 Afreximbank to recruit 250,000 workers for proposed $5 billion Textile Facility in Nigeria https://nairametrics.com/2025/06/30/afreximbank-to-recruit-250000-workers-for-proposed-5-billion-textile-facility-in-nigeria/ https://nairametrics.com/2025/06/30/afreximbank-to-recruit-250000-workers-for-proposed-5-billion-textile-facility-in-nigeria/#respond Mon, 30 Jun 2025 11:04:35 +0000 https://nairametrics.com/?p=518150 The outgoing President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has disclosed that the bank plans to recruit 250,000 workers following its groundbreaking textile facility development in Nigeria (by July), involving a $5 billion partnership.  

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]]> https://nairametrics.com/2025/06/30/afreximbank-to-recruit-250000-workers-for-proposed-5-billion-textile-facility-in-nigeria/feed/ 0 518150 Afreximbank shareholders appoint Cameroonian George Elombi as next President in Abuja  https://nairametrics.com/2025/06/28/afreximbank-shareholders-appoint-cameroonian-george-elombi-as-next-president-in-abuja/ https://nairametrics.com/2025/06/28/afreximbank-shareholders-appoint-cameroonian-george-elombi-as-next-president-in-abuja/#respond Sat, 28 Jun 2025 13:55:01 +0000 https://nairametrics.com/?p=518044 The shareholders of the African Export-Import Bank (Afreximbank) have appointed a Cameroonian, Dr. George Elombi, as the next President and Chairman of the Board of Directors of the continental financial institution.  

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]]> https://nairametrics.com/2025/06/28/afreximbank-shareholders-appoint-cameroonian-george-elombi-as-next-president-in-abuja/feed/ 0 518044 AAM2025: Afreximbank’s support for Dangote Refinery hits over $4 billion — Benedict Oramah https://nairametrics.com/2025/06/28/aam2025-afreximbanks-support-for-dangote-refinery-hits-over-4-billion-benedict-oramah/ https://nairametrics.com/2025/06/28/aam2025-afreximbanks-support-for-dangote-refinery-hits-over-4-billion-benedict-oramah/#respond Sat, 28 Jun 2025 09:27:04 +0000 https://nairametrics.com/?p=518022 The outgoing President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has disclosed that the bank has so far supported the Dangote Refinery and Petrochemical Industry with “over $4 billion” in interventions. He made this disclosure during his closing speech on Friday at the Afreximbank 32nd Annual […]

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]]> https://nairametrics.com/2025/06/28/aam2025-afreximbanks-support-for-dangote-refinery-hits-over-4-billion-benedict-oramah/feed/ 0 518022 AAM2025: Tinubu calls for PAPSS payment system embracement across Africa for financial integration  https://nairametrics.com/2025/06/28/aam2025-tinubu-calls-for-papss-payment-system-embracement-across-africa-for-financial-integration/ https://nairametrics.com/2025/06/28/aam2025-tinubu-calls-for-papss-payment-system-embracement-across-africa-for-financial-integration/#respond Sat, 28 Jun 2025 06:18:40 +0000 https://nairametrics.com/?p=518010 President Bola Tinubu, on Friday, urged African countries to embrace the Pan-African Payment and Settlement System (PAPSS) for deeper financial integration across the continent.  

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]]> https://nairametrics.com/2025/06/28/aam2025-tinubu-calls-for-papss-payment-system-embracement-across-africa-for-financial-integration/feed/ 0 518010 Why Fitch’s ratings on Afreximbank loans to African Nations is a contradiction — George Elombi  https://nairametrics.com/2025/06/27/why-fitchs-ratings-on-afreximbank-loans-to-african-nations-is-a-contradiction-george-elombi/ https://nairametrics.com/2025/06/27/why-fitchs-ratings-on-afreximbank-loans-to-african-nations-is-a-contradiction-george-elombi/#respond Fri, 27 Jun 2025 11:51:39 +0000 https://nairametrics.com/?p=517972 The Executive Vice President, Governance, Legal & Corporate Services at the African Export-Import Bank (Afreximbank), Dr. George Elombi, has explained why Fitch Ratings’ assessment of the bank's loans to African nations remains a "contradiction" from the bank’s perspective. 

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]]> https://nairametrics.com/2025/06/27/why-fitchs-ratings-on-afreximbank-loans-to-african-nations-is-a-contradiction-george-elombi/feed/ 0 517972