Economy

Court remands Afriq Arbitrage CEO over $854K, N590m investment fraud

DailyTimesNGR DailyTimesNGR 11 June 2025 0

A Federal High Court in Abuja has ordered the remand of the Chief Executive Officer of Afriq Arbitrage System (AAS), Jesam Michael at the Kuje Correctional Centre over allegations of large-scale investment fraud involving $844,416.36, $10,000, and N590 million. The charges were brought by the

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Court Jails 15 Foreigners For Cyber-Terrorism

DailyTimesNGR DailyTimesNGR 1 June 2025 0

The Federal High Court in Lagos, on Friday, convicted and sentenced another set of foreigners to one year imprisonment each for cyber-terrorism and internet fraud. Justice Yellin Bogoro and Justice Alexander Owoeye in separate cases sentenced a total of 15 foreigners: 11 Filipinos, two Chinese, one Malaysian and one Indonesian after they all pleaded guilty. […]

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Court Jails 4 internet fraudsters in Lagos

DailyTimesNGR DailyTimesNGR 27 May 2025 0

By Andrew Orolua Justice Daniel Osaigor of the Federal High Court sitting in Ikoyi, Lagos on Monday convicted and sentenced four internet fraudsters to various jail terms after the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, arraigned them before the court. The convicts are: Arowosola Julius Oluwadamilola, Oluwasegun Ayomide, Opeyemi

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Alleged Terrorism: Court warns Kanu’s Lawyer, Ejimofor of professional misconduct

DailyTimesNGR DailyTimesNGR 22 May 2025 0

By Andrew Orolua Justice James Omotosho of the Abuja division of the Federal High Court has warned against live streaming of Court proceedings and negative use of social media in the trial of the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu on alleged terrorism offences. Justice Omotosho was particularly furious at […]

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Supreme Court orders fresh hearing into Obaro of Kabba-Owe Stool legal battle

DailyTimesNGR DailyTimesNGR 20 May 2025 0

By Andrew Orolua The Supreme Court has ordered that the legal battle over the Obaro of Kabba-Owe Stool and paramount rulership of Kabba-Owe land in Kogi State be heard afresh and speedily on its merit by the Kogi State High Court. The apex court on Friday directed that the case be remitted to the Chief […]

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CJ Tsoho redeploys Federal High Court judges

DailyTimesNGR DailyTimesNGR 19 May 2025 0

By Andrew Orolua The Chief Judge of the Federal High Court, Hon. Justice John Tsoho, has effected a minor redeployment of some Judges of the Court. The judges redeployed are as follows: Hon. Justice M. G. Umar, redeployed from Enugu Judicial Division to Abuja, Hon. Justice Tijjani Garba Ringim, from Gombe Division to Yola Division, […]

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Alleged Terrorism: Court admits Gulak’s death Certificate, defence doubts credibility

DailyTimesNGR DailyTimesNGR 15 May 2025 0

By ‎Andrew Orolua ‎The Federal High Court Abuja has admitted the medical report and death certificate of former presidential aide, Ahmed Gulak, as evidence in the ongoing trial of Nnamdi Kanu, the detained leader of the proscribed Indigenous People of Biafra (IPOB), who is facing terrorism-related charges. ‎ ‎Justice James Omotoso, who is presiding over […]

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Court remands 23-year-old man over cyber stalking, others in Benue

DailyTimesNGR DailyTimesNGR 14 May 2025 0

By George Kajo A Chief Magistrate Court has ordered a 23 year old man, Samuel Chukwudoye of Villa Suite, Gyado Villa Makurdi, charged with cyber stalking and offences to be remanded at the Federal Correction Center, Makurdi, Benue state. When the case came up for mention on Tuesday, prosecuting Police Officer, Inspector Godwin Atoh, informed […]

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Supreme Court Holds Valedictory session in honour of late Justice Ogwuegbu May 14

DailyTimesNGR DailyTimesNGR 12 May 2025 0

By Andrew Orolua The Supreme Court of Nigeria (SCN) will on Wednesday May 14 hold a valedictory court session in honour of the late Hon. Justice Emmanuel Obioma Ogwuegbu, a Justice of the court who died in October last year. The valedictory session will hold at the Main Courtroom of the Supreme Court at 2pm […]

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Supreme Court revokes bail, sends Ajudua back to prison

DailyTimesNGR DailyTimesNGR 11 May 2025 0

By Agency Report The Supreme Court of Nigeria has ordered the re-incarceration of Lagos businessman and socialite, Fred Ajudua, revoking the bail earlier granted to him by the Court of Appeal. Ajudua is currently facing long-standing charges related to an alleged $1 million fraud against a German firm dating back more than three decades. In […]

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Court upholds MultiChoice’s autonomy, dismisses FCCPC’s suit on DStv pricing

DailyTimesNGR DailyTimesNGR 9 May 2025 0

BY TEMITOPE ADEBAYO In a landmark judgment, the Federal High Court in Abuja has upheld the right of MultiChoice Nigeria Limited, operators of DStv and GOtv, to independently determine its subscription pricing, marking a significant victory for business autonomy and the principles of a free-market economy in Nigeria. The case was dismissed by Justice James […]

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Court remands 10 men who raped 16-year old disabled girl, whose parents are blind in Kaduna

DailyTimesNGR DailyTimesNGR 9 May 2025 0

By Kingsley Chukwuka A -16 year old disabled girl (name withheld) who was raped by 10 men several months ago in Kaduna State has gotten justice as court ordered that they should remain in prison. The victim’s parents are blind, and she has vision problems too, our correspondent gathered. The young girl was repeatedly raped […]

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Court admits video clips showing Nnamdi Kanu ‘creating’ ESN, ordering lockdown in South-East

DailyTimesNGR DailyTimesNGR 8 May 2025 0

By Andrew Orolua The Federal High Court in Abuja on Wednesday admitted as exhibits series of video clips showing Biafra agitator, Nnamdi Kanu, announcing the creation of the Eastern Security Network (ESN) and ordering lockdown in the South-East. In the videos played in open court, the leader of the proscribed Indigenous People of Biafra (IPOB) […]

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Federal High Court establishes Freedom of Information Desk to aid communication flow.

DailyTimesNGR DailyTimesNGR 5 May 2025 0

By Andrew Orolua The Federal High Court of Nigeria has established Freedom of Information Desk as part of concerted efforts to uphold transparency, promote accountability, and enhance public access to information. The Director of Information of the Court, Mrs.Catherine Oby Christopher, who confirmed the development in a statement in Abuja explained that the step is […]

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Court refuses to stop CBN from using e-naira trade mark for Nigeria’s economy

DailyTimesNGR DailyTimesNGR 2 May 2025 0

The Federal High Court in Abuja has refused the request to stop the Central Bank of Nigeria (CBN) from using the e-naira trade mark for the growth of the country’s economy. Justice James Kolawole Omotosho declined to grant the request put before his court by a private company, E-naira payment Solutions Limited. The Company had […]

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Court orders Aisha Achimugu’s release on EFCC’s administrative bail

DailyTimesNGR DailyTimesNGR 30 April 2025 0

By Andrew Orolua Justice Inyang Ekwo of the Federal High Court sitting in Abuja on Wednesday ordered the release of a businesswoman and socialite, Aisha Sulaiman Achimugu, on the administrative bail, earlier granted her by the Economic and Financial Crimes Commission (EFCC). The judge issued the order, shortly after the applicant was brought before the […]

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Naira Redesign Hardship: Court strikes out N1bn suit against Buhari, Emefiele, CBN

Ihesiulo Grace 29 April 2025 0

By Andrew Orolua Justice Inyang Edem Ekwo of the Federal High Court in Abuja has struck out a N1 billion suit instituted against former President Muhammadu Buhari and former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele over the hardships that trailed the 2023 Naira redesign policy. The judge threw out the suit […]

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A’ Court orders Kogi govt to pay impeache’d deputy governor N1, 07bn

DailyTimesNGR DailyTimesNGR 26 April 2025 0

By Andrew Orolua The Court of Appeal, Abuja Division on Friday, ordered the Kogi state government to pay Simon Achuba a total sum of N1, 070, 860,138.00 being his salaries, allowances and statutory allocation captured in 2017 and 2018 approved budget of the Kogi state government. The appeal court in a unanimous ruling gave the […]

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Alleged $65m money laundering case: Court adjourns trial of former Federal Mortgage Bank MD/CEO, others till May 7

DailyTimesNGR DailyTimesNGR 10 April 2025 0

By Andrew Orolua Justice James Omotosho of the Federal High Court, Abuja has adjourned the trial of the former Managing Director and Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Kumo Ya’u and two others alongside their companies till May 7, 2025. Mr. Ya’u , Bola Ogunsola, Tarry Rufus, Good […]

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Court hears EFCC ‘s motion for final forfeiture of N228.4m linked to ex-Gov Orji

DailyTimesNGR DailyTimesNGR 8 April 2025 0

By Andrew Orolua Justice Emeka Nwite of Federal High Court in Abuja has slated May 28, for the hearing of a motion seeking an order for final forfeiture of N228.4 million linked to former Governor of Abia, Theodore Orji. The judge on Monday adjourned the matter to hear the motion after the counsel representing Economic […]