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- The acting chairman of the EFCC, Ibrahim Magu, details some of the successes recorded in the recovery of the Abacha loot and other stolen assets hidden in foreign countries - Magu states that Nigeria signed a Memoranda of Understanding (MoU) with several countries which aided the recovery of the stolen assets kept abroad - The EFCC boss listed other classes of recoveries made by the anti-graft agency to include whistleblowers cash recoveries, subsidy payment cash recoveries, third party cash recovery for NNPC, FIRS, NPA, AMCON and banks The acting chairman of the EFCC, Ibrahim Magu, has disclosed that the Swiss government has returned about $1.040 billion looted by the late head of state, General Sani Abacha, and his family members to Nigeria since 1999. Magu made the disclosure on Thursday, January 24, at a presentation at the International Association of Anti-Corruption Authorities (IAACA), in Vienna, Austria, where he called for collaboration by law enforcement agencies to com...

- The Central Bank of Nigeria (CBN) has promised to introduce fresh capital rules soon and also threatened to heap pressure on banks - The move is expedient following the revelation of the National Bureau of Statistics on the debt figures of some banks - CBN also vowed that it would work on rules that sought to protect the nation’s banks against embarrassing capital regulation Following the rising figure of Nigeria's debts, the Central Bank of Nigeria (CBN) has promised to introduce fresh capital rules soon and also threatened to heap pressure on banks at the jugular of bad debts. In a report available in The Punch, CBN lamented that the non-performing loans in the banking sector rose from N1.939tn to N2.245tn in the third quarter of 2018 according to data from the National Bureau of Statistics (NBS). Legit.ng gathers that the NBS data had showed that the NPL ratio, which is a key metric for banks’ health, rose to 14.16 % from 12.45% in the previous quarter, compared to a reg...

- Governor Kayode Fayemi of Ekiti state says former governor Ayodele Fayose left a total debt profile of over N155.79 billion for the state - The governor says Fayose's government was suppressive, which he said raised and promoted deceit into a statecraft - Governor Fayemi's claim was dismissed by the former governor as frivolous and evasive Ekiti state governor, Dr Kayode Fayemi, on Thursday, January 24, said former governor Ayodele Fayose left a total debt profile of over N155.79 billion for the state. This is as the governor signed into law, the N129.9bn state budget for 2019, as part of events to mark his 100 days in office. The News Agency of Nigeria, (NAN) reports that the governor said while giving account of his stewardship in Ado Ekiti, that the debt profile included local loans and other debts. Legit.ng gathers that he gave the breakdown of the debts as; loans, N57.694 billion; unpaid salary arrears, N16.777 billion; outstanding leave bonus to workers, N4.402 b...

- The Chief Justice of Nigeria, Walter Onnoghen, has dispelled some media reports suggesting that he has resigned - The CJN said this through his media assistant, Awassam Bassey, on Friday, January 25 - Onnoghen is still facing trial over alleged false asset declaration brought against him by the Code of Conduct Bureau The Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, has dispelled some media reports suggesting that he has resigned from office. The CJN made his position known through his media assistant, Awassam Bassey, on Friday, January 25. The CJN urged Nigerians to disregard the rumour and added that he is still performing his role as Nigeria's chief law officer. READ ALSO : Asset declaration: More trouble as CCT reportedly issues mass summon to judges “There’s absolutely no truth in the rumours making the round that the Hon. Chief Justice of Nigeria, His Lordship Hon. Mr. Justice Walter Samuel Nkanu Onnoghen, GCON, has resigned his office. It is fake news! ...

- Man United star Juan Mata is wanted in Spain by Barcelona - The 30-year-old's current deal with the Red Devils expires at the end of the ongoing season - Mata has made 15 Premier League appearances this term scoring two and assisting two others Manchester United star Juan Mata has reportedly emerged as top priority signing for La Liga giants Barcelona at the end of the season. The Spaniard made just nine starts from 15 Premier League appearances so far this campaign, scoring two and assisting two others in the process. However, the former Chelsea attacker is not excited with the bench warming role at Old Trafford and will consider a move away from the club. READ ALSO: Liverpool agree to sign 16-year-old US Orleans defender Billy Koumetio According to Goal, the Catalans have shown interests in signing Mata once his deal expires this summer. Meanwhile, Barca will have to battle Juventus and Paris Saint-Germain for the signature of the 30-year-old midfielder. Though, Man...