New survey reveals impact of COVID-19 on gig workers

Flourish, a mission-oriented global venture capital firm with portfolio investments throughout Africa, today published the South African edition of The Digital Hustle: Gig Worker Financial Lives Under Pressure. The report tracks the experiences of gig workers, including those who use digital platforms such as e-hailing or delivery apps, to learn more about how they are faring during the COVID-19 pandemic. The South African survey is part of a bigger study in May tracking the experiences of gig workers across the globe. The firm released the Brazil edition in June 2020…

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EFCC arraigns man, firm for alleged laundering $2.9m, N46m

An Abuja based businessman, Babatunde Morakinyo alongside his company, Renocon Properties Development Limited, were today arraigned before a Lagos Federal High Court, for allegedly laundering the sum of $2. 290,70 million and N46 million respectively. Both Babatunde and his company were arraigned of six counts charge offences  bordering on conspiracy and money laundering, before the court presided over Justice Rilwan Aikawa, by the Economic and Financial Crimes Commission (EFCC) Arraigning the defendant and his firm in a charge marked FHC/L/94c/2020, the prosecutor, Ebuka Okongwu, told the court that the defendants committed…

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Court declines to stop FG from auctioning 10 Marginal Oil Fields

A Federal High Court, Lagos presided over by Justice Chukwujekwu Aneke has refused to stop the federal government from auctioning 10 revoked Marginal Oil Fields, by dismissing an application for interlocutory injunction filed by the Operators. Justice Aneke dismissed the application for orders of interlocutory injunction on Friday July 24 while delivering ruling on the application filed by the Marginal Oil Field Operators against the Minister of Petroleum Resources, Attorney-General of the Federation (AGF) and the Director, Department of Petroleum Resources (DPR), Engineer Auwalu Sarki, who were the Defendants, on…

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Passport Legacy opens new office in Lagos

Photo Caption: (L-R) Benjamin Eisenring, Manager, Passport Legacy; Zaid Al Hindi, Partner, Passport Legacy and Jeffrey Henseler,Managing Partner, Passport Legacy at the unveiling of the company’s new office in Lagos recently Passport Legacy, a leading Citizenship-by-Investment and Residence-by-Investment advisory firm, with its global headquarters in Dubai, U.A.E, has announced the opening of a new office in Nigeria, strengthening the company’s partnership with clients and families in Africa. This expansion positions Passport Legacy as the only Citizenship-and-Residence-by-Investment firm with a strong presence in Africa. Passport Legacy’s global operational network spans across…

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Third Mainland Bridge: NIWA deploys floating jetties, flags new routes

In a strategic response to the partial closure of the iconic Third Mainland Bridge for repairs in Lagos, the National Inland Waterways Authority ( NIWA) has deployed forty feet floating jetties to help bring water transportation services close to commuters through out the six months repairs duration of the bridge. The floating jetties are to compliment the flagging off of four brand new water transportation routes located at Adekunle, under the Third Mainland Bridge outward Oworoshonki from Yaba, another at Lekki phase one by NIWA Police post, Oyingbo and at…

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Teacher bags 10 years jail term for forging America’s Money Order

A private school teacher, Folarin Olayinka, was today, convicted and sentenced to 10 years imprisonment, by a Lagos Federal High Court, for counterfeiting sum of $38,315. The convict, whose trial started 2010, was found guilty of two out of seven counts charge made against him by the Economic and Financial Crimes Commission (EFCC). The convict, was charged before Justice John Tsoho, the current Chief Judge of Federal High Court, on seven count charge of intent to defraud, unlawful possession of foreign currency and forging of foreign money order. The offences…

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Court convicts two businessmen over fake engine oil

A Lagos Federal High Court, today, convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil.  The court presided over by Justice Oluremi Oguntoyibo convicted them after they pleaded guilty to the offence and admitted to have adulterated 128 drums and 9.45 litres of engine oil.  She sentenced them to two years imprisonment each. They were charged with four counts of production, possession, dealing in and distribution of substandard engine oil.  SON said the defendants indulged in production of engine oil which did not meet…

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Court orders EFCC to return Mompha’s seized items

Federal High Court presided over by Justice Mohammed Liman has ordered the Economic and Financial Crimes Commission (EFCC) to release all items seized from a social media influencer, Ismaila Mustapha popularly known as Mompha when he was arrested. Justice Liman made the order while ruling on an application filed by Mompha’s counsel, Mr Gboyega Oyewole (SAN ) who led Kolawole Salami and  Adefolaju Ademola, in asking the court for the order to release the seized items. Mompha is standing trial alongside his company, Ismalob Global Investment Limited on an amended…

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Court orders Fidelity Bank to return alleged stolen N51.4m to UBA via Police

A Federal High Court, sitting in Lagos, has ordered Fidelity Bank Plc to return the sum of N51, 443, 606. 48 million, to the United Bank for Africa (UBA) Plc through the Nigeria Police. The said N51.443,606.48 million, according to the Intelligence Response Team (IRT) of the Nigeria Police, was said to be part of N107, 907, 039, allegedly stolen from a client of UBA Plc and fraudulently hid in a Fidelity Bank Plc’s account number 6323548628 maintained by one Eze Roseline. The court presided over by Justice Oluremi Oguntoyinbo,…

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EFCC arraigns 8 suspected oil thieves, vessel

Eight suspected oil thieves have been arraigned before a Lagos Federal High Court, by the Economic and Financial Crimes Commission (EFCC), for alleged illegal dealing in 351 metric tonnes of petroleum products. The defendants, Stephen John Degbe; Bode Shofela; Emmanuel Esalet; Aderibigbe Jeje; Peter Atijere Ekpe; Dayang Nantok Ibrahim; Adewunmi Oguntifa and Samuel Alalbi were arraigned before Justice Sule Hassan, alongside a vessel named MV Laida. The defendants and the vessel were arraigned on charges bordering on conspiracy and illegally dealing in petroleum products, unlawful dealing in the product and…

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