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Cash

Hardship: FG to commence direct cash transfers to 15 million households

FG

By Isaac Job The Federal Government is set to commence direct cash transfer to vulnerable Nigerians to cushion the effects of the present hardship in the country. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the disclosure on Wednesday in Uyo, the Akwa Ibom State capital. Speaking during the 2024 […]

Banks’ cash scarcity: Armed robbers invade homes of PoS operators, residents in Delta, haul cash

POS

By Nosa Akenzua A frightening trend to the prevailing cash scarcity in Delta State has emerged with persons suspected to be armed robbers now trailing and attacking Point of Sale (PoS) operators and other residents in their homes and dispossessing them of huge sums of money in the process. The Daily Times gathered from several […]

N13bn loot recovery: 3 whistleblowers sue FG over 5% commission

Whistleblower

Three whistleblowers: Abdulmumin Musa, Stephen Sunday and Bala Usman have filed a suit before a Federal High Court in Abuja against the Federal Government, claiming that they were the source of information leading to the recovery N13billion cash from a private apartment in Ikoyi, Lagos. The plaintiffs further claimed that they had in December 2016, […]

Osborn Towers: Whistleblower faults EFCC, denies receiving cash or counseling

cash

* We never said we have paid whistleblower – EFCC The whistle-blower that gave information leading to the recovery of humongous N13billion cash from Flat 7B Osborne Towers, Ikoyi, Lagos, has faulted the claims of the Economic and Financial Crimes Commission (EFCC) that he is now a millionaire and is undergoing counselling of fund and […]

Ikoyigate: Court orders forfeiture of flat where EFCC discovered N13bn

funds

The Federal High Court in Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos where the sums of $43,449,947, £27,800 and N23,218,000 were discovered stashed in iron cabinets and “Ghana-must-go” bags in April. Justice Saliu Saidu ordered the forfeiture of the building to the Federal Government on Thursday following an ex […]

Ecobank introduces Mobile Xpress Cash cardless withdrawal

Motolani Oseni

The Ecobank Group has upgraded its Mobile App to now offer Xpress Cash service. The Xpress Cash service allows customers access cash from Ecobank ATMs using e-Tokens generated from their Mobile App. The Xpress Cash e-Token gives the customer total control over theirs funds to make convenient withdrawal by self or send to 3rd parties […]