Kunle Mark

James ibori, a Nigerian politician who was jailed in Britain for laundering tens of millions of dollars in stolen public funds through British banks and properties lost an appeal against his conviction in London on Wednesday. The Court of Appeal’s ruling against James Ibori, a former governor of oil-producing Delta State in southern Nigeria, is [...]

Paul Allen, one of my oldest friends and the first business partner I ever had, died yesterday. I want to extend my condolences to his sister, Jody, his extended family, and his many friends and colleagues around the world. I met Paul when I was in 7th grade, and it changed my life. I looked [...]

The Economic and Financial Crimes Commission (EFCC) has seized gold worth about $3, 131, 412.39 (₦1, 127, 308, 460.39) being allegedly exported to Dubai, United Arab Emirates, illegally. It named one Abba Ali Yahaya as the brain behind the deal. Apart from impounding his passport, about €112,000 undeclared by Abba, has also been forfeited over [...]

Nigeria’s President, Muhammadu Buhari has ordered that 50 high profile persons on watch-list be stopped from leaving the country pending the determination of their cases, in an Executive Order 6 (EO6) issued by the presidency. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development in a statement [...]

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Thursday, October 11, 2018 arraigned a lawyer, Victor Nwadigo, before Justice Olusola Williams of the Special Offences Court sitting in Ikeja, Lagos on a one-count charge bordering on stealing to the tune of ₦30,000,000.00( Thirty-Million Naira). The defendant, who is an ex-solicitor to Asset [...]

President Muhammadu Buhari has requested a National Assembly resolution to raise 2.78 billion dollars from the International Capital Market for part-funding of the 2018 budget. Buhari’s request came in a letter dated July 23, and read by President of the Senate, Bukola Saraki, at plenary on Tuesday. The president said the amount, approved in the [...]

Rev Fr. Angus Fraser, the founding principal of Mount Saint Gabriel’s college in Makurdi, Benue State, has died aged 87. Fraser who is believed to be the longest-serving missionary and teacher in Nigeria, also founded the Via Christi society. His passing was made known by Fr. Jude Ortese, the chancellor of the diocese in Makurdi. [...]

Nigerians who sell new naira notes or spray cash at parties will now be tried at mobile courts and sent to six months jail as the Central Bank of Nigeria (CBN) mulls increasing the number of items on the not eligible for foreign exchange. Rising from the Bankers Committee meeting yesterday, the apex bank said [...]

My attention has been drawn to a letter written to Premium Times in response to an essay on restructuring authored by me. Faced with an avalanche of public condemnation for his 360-degree turn on the concept of restructuring, it is understandable that the Vice President, Professor Yemi Osinbajo, has written to Premium Times to douse [...]