The Moment Nigeria

1 week ago | themomentng.com | Usman Kadri

The Central Bank of Nigeria (CBN) has issued a routine transitional guidance for select institutions mostly in response to the economic impact of the COVID-19 pandemic. In a statement released by Mrs. Hahaha Sidi Ali, Acting Director of Corporate Communications,  the apex bank said the programme, designed to align with Nigeria’s long-term growth ambitions, has already led to significant capital inflows and balance sheet strengthening across the sector.

1 week ago | themomentng.com | Usman Kadri

Ace Nigerian actor, Adebayo Salami, is set to release a movie marking his 60th year in the entertainment industry. The 73-year-old thespian was born on May 9, 1953. His acting journey began in 1964. In a recent video shared by Femi Adebayo, his son, the veteran actor will make his 60-year journey in the industry with the film titled ‘Her Excellency’. Adebayo said the movie will premiere on June 29 and be available in cinemas on July 4. “I am going to take a pause and give you that honour.

1 week ago | themomentng.com | Usman Kadri

The operatives of Force Criminal Investigation Department ForceCID Annex Alagbon-Ikoyi Lagos, has arraigned a Ghanaian, Yaw Agyei, for allegedly obtaining the sum of N7, 462 million under false pretence of procuring visa. The Ghanaian was arraigned before a Yaba Chief Magistrate’s Court presided over by Magistrate E. Kubeinje, on charges bordering on obtaining by false pretence and dishonesty collected the sum of N7, 462 million.

1 week ago | themomentng.com | Usman Kadri

Controversial clergyman, Paul Adefarasin is currently in police custody following a viral video showing him holding a ‘gun’ like device to scare away a content creator. The Lagos State Police Command confirmed Adefarasin’s voluntary surrender via a statement released on their official X handle on Tuesday, June 17. The statement, emphasizing that “No one is above the law!”, indicated that detectives have already commenced an investigation into the incident.

1 week ago | themomentng.com | Usman Kadri

The United Bank for Africa (UBA Plc), which is led by Tony Elumelu, is currently dealing with the fallout from a major system failure that caused more than ₦180.5 million to be taken out of customer accounts without authorisation. The bank has initiated legal proceedings as it attempts to recover the lost funds. This development comes on the heels of another controversy involving the bank.