A Federal Capital Territory (FCT) High Court has awarded a N540 million judgment against the First City Monument Bank (FCMB) in the N5 billion defamation suit filed by Prophet Emmanuel Omale, founder of the Divine Hand of God Prophetic Ministry, Abuja. Justice Yusuf Halilu, the presiding judge, gave the order on Tuesday. Omale had filed the suit over the alleged false information that the bank passed to the Nigerian Financial Intelligence Unit (NFIU) on a “suspicious credit inflow”.
Ibrahim Magu, the former acting chairman of the Economic and Financial Crimes Commission abandoned 14 fraud cases totaling N118 billion and $309 million (EFCC), according to findings by the presidential panel which investigated him. The EFCC, under Magu's supervision, was also accused of failing to remit another N48 billion loot recovered in foreign and local currencies in the final report submitted to President Muhammadu Buhari in November 2020, a report by TheCable stated.
Nigerian government shares $322 5 million Abacha loot to 1 9 million residents today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.