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Police Arraign Female Lawyer For Diverting Company’s N50m

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The police in Lagos have arraigned a former director of IT Bureau De Change Limited, Mrs. Ifeyinwa Morah, before an Apapa Magsitrates’ Court for allegedly diverting N50m owned by the firm into a private account.
PUNCH Metro learnt that Morah, who is also a lawyer, headed the company’s Business Development till June 2015 when she was relieved of the position.
She was said to have withdrawn the money from the Fidelity Bank account used by the company on June 18 and deposited same to a Zenith Bank account given as 1000845723. It was learnt that the money had yet to be recovered from the suspect.
The police said the 40-year-old lawyer upon her resignation, left with the company’s Certificate of Incorporation, Memorandum and Articles of Association, forms on particulars of directors, statement of share capital, operational licence, among others.
She was subsequently arrested and charged on two counts bordering on fraud to which she pleaded not guilty.
The charges read, “That you, Ifeyinwa Morah, on June 18, 2015 at Apapa in the Apapa Magisterial District, having resigned your appointment with IT Bureau De Change (Intl) Limited on June 15 as a director, stole the sum of N50m from the company by transferring same from the company’s account number: 4010765293 with Fidelity Bank Plc to Zenith Bank Plc account 1000845723 maintained by one Francis Ogboro.
“That you, on the same date, time and place in the aforementioned magisterial district did unlawfully remove the company’s Certificate of Incorporation, original Memorandum and Articles of Association, Form CAC (particulars of directors), operational licence in a manner likely to interfere with the usage and thereby committed an offence punishable under Section 338 of the Criminal Law of Lagos State, 2011.”
The accused was first arraigned on September 9, 2015 and was granted bail in the sum of N10m with two sureties in like sum by the presiding magistrate Mr. T. Abolarinwa.
Abolarinwa added that “Evidence of gainful employment must be provided by the sureties and one of them must be a blood relation. The surety must own a property worth N50m and it must be within a prime area within Lagos State.
The sureties’ statements of account and their addresses must be verified by the prosecutor.”
The defence counsel last Thursday, when the hearing of the case was to commence, asked the court for adjournment on the grounds that she had just been told to take over the matter, adding that she needed time to prepare her defence.
The magistrate granted her request and adjourned the matter till January 20 and 27, 2016 for hearing on the matter.

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The 2026 Nigerian Bank Recapitalization: Where Does Your Bank Stand?

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The countdown to March 31, 2026, has officially entered its final stretch. While you might have seen headlines claiming only 19 banks have met the mark, the reality on the ground is much more dynamic. In fact, as of January 2026, we have seen a surge of compliance, with approximately 22 out of 34 banks now having their licenses “secured” under the Central Bank of Nigeria’s (CBN) new rules.
If you are wondering where your money is or if your bank is safe, here is the fact-driven breakdown of the current banking landscape, correcting common misconceptions along the way.
Recapitalised banks
The CBN set a high bar of ₦500 billion for international banks and ₦200 billion for National banks. Crucially, this must be “paid-up capital”, banks cannot count their saved profits (retained earnings) toward this goal.
These banks are recapitalised:
Access Bank, Zenith Bank, GTBank, UBA, First Bank and Fidelity: These banks have crossed the N500 billion finish line and have secured their international licence.
FCMB, Wema, Standard Chartered, Citibank: These banks have officially secured their national license, with FCMB in the final sprint to hit the ₦500 billion to secure its international banking licence.
Other secured banks: Stanbic IBTC, Sterling Bank, Providus Bank, Globus Bank, and Premium Trust Bank have all officially cleared the requirement.
Mergers and downgrades
The story of the 2026 recapitalization also featured mergers, acquisitions, and downgrades:
Unity Bank and Providus Bank are in the final stages of a merger that will create a top 10 Nigerian lender. Similarly, Titan Trust has completed its integration with Union Bank to solidify its capital base.
Nova Bank chose a Regional License (₦50 billion) to focus specifically on being a high-end niche player, a healthy business move.
Non-Interest banking: Islamic banks like Jaiz, Taj, and Lotus have all met their ₦20 billion requirement, proving that niche banking is stronger than ever.
For the few banks still in the “red zone,” the next 80 days will involve final-hour mergers or private equity injections. For you, the customer, this means a banking sector that is tougher, more transparent, and better funded than ever before.
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How Primate Ayodele Foretold Collapse Of School Building In Ikorodu, Lagos

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W’ Cup Qualifiers: How Super Eagles Coach Ruined Nigeria’s Chances by Ignoring Primate Ayodele’s Warnings* By Adedayo Olumide

Residents of the Odo-Kekere Community in the Ikorodu area of Lagos State, on Thursday evening, were thrown into panic following the sudden partial collapse of a structure in a local public school in the area.

According to a source, a section of the school building gave way late Thursday with a thunderous sound that drew neighbours to the scene.

First responders from the Lagos State Emergency Management Agency, LASEMA, and the Lagos State Building Control Agency LASBCA, raced to the scene promptly and cordoned off the area for safety purposes.

This development has no doubt fulfilled the prophecy of Nigerian prophet, Primate Elijah Ayodele, which he shared in his annual prophecy book titled Warnings To The Nations (2025/2026) edition.

On page 108 of the prophecy book, Primate Ayodele warned against collapse of any school building in Nigeria.

“Schools in Nigeria: Let us pray so that no school will be attacked in Nigeria and that a school building will not collapse.”

Also, in his 2026 prophecies, he asked Nigerians to commit Lagos schools into God’s hands.

“Let us commit schools in Lagos to God’s hands against all attack” (Page 5).

Furthermore, in a video shared on his social media page, Primate Ayodele specifically mentioned that Nigerians should pray not to see a building collapse in Lagos.

“Let us pray not to see a school building collapse in Lagos state, Oyo, Abuja, Ogun state. Let the government go around schools and quickly demolish deplorable school buildings.”

All these have fulfilled the prophecy of Primate Ayodele.

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Hon. Toyin Amuzu: A Legacy of Service, Unity, and Perseverance

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By Adebayo Osonuga, Manchester

In the ever-evolving landscape of politics, where commitment is often tested and leadership scrutinized, few names resonate with consistency, dedication, and perseverance quite like Hon. Toyin Amuzu. Over the years, he has emerged as a dependable public servant whose political journey is firmly rooted in service to the people and an unwavering belief in collective progress.

From the onset, Hon. Amuzu’s foray into politics appeared almost inevitable to those who knew him well. Guided by a deep passion for public service, he embraced leadership not as a position of privilege, but as a responsibility to uplift others. His political career has been defined by a rare ability to connect genuinely with people across social, cultural, and economic divides—listening attentively to their concerns and working diligently to address them.

A defining strength of Hon. Amuzu’s leadership is his adaptability. In a political climate often marked by division and rivalry, he has consistently chosen the path of dialogue, bridge-building, and unity. His inclusive approach has enabled him to foster cooperation among diverse groups, earning him admiration beyond party lines. For many in his constituency, his open-door policy is not a slogan but a lived reality—one that reflects empathy, accessibility, and action.

Despite the inevitable challenges that accompany public office, Hon. Amuzu has remained steadfast in his vision of a better and more equitable society. He is a strong advocate for hard work, resilience, and personal responsibility, values he exemplifies in both his public and private life. Through his words and actions, he has inspired many—particularly young people—to believe in the power of determination and purposeful leadership.

His impact is perhaps most evident in the tangible development initiatives he has championed within his community. From advocating policies aimed at social progress to supporting initiatives that improve everyday living, Hon. Amuzu has played a notable role in driving growth and positive change. These efforts have not gone unnoticed, cementing his reputation as a leader who delivers and a representative who truly understands the needs of his people.

As a role model for emerging leaders, Hon. Toyin Amuzu stands as a reminder that politics, when guided by integrity and compassion, can be a powerful tool for transformation. His selflessness, humility, and commitment to service continue to inspire confidence and hope among those he represents.

In sum, Hon. Toyin Amuzu embodies the true essence of public service. His legacy is one of unity, perseverance, and people-centered leadership—a legacy that will undoubtedly endure for generations. As he continues his journey toward a brighter future for all, his name remains firmly etched among those who lead not just with authority, but with heart.

TA… We Rise Together.

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