The EFCC on April 7, 2025 arraigned Jaja, Abubakar and his company, Jasfad Resources Enterprise, as 1st, 2nd and 3rd defendants respectively.
The police command in Kwara has raised the alarm over the proliferation of fraudulent schemes targeting point-of-sale operators.
The police on Monday dragged a 37-year-old man, Hassan Sodiq, before the Badagry Chief Magistrates’ Court in Lagos, over alleged N16 million fraud.
He was arraigned on a one-count charge bordering on criminal misappropriation of funds.
The suspect was apprehended on Thursday in Ikorodu.
He is being investigated for allegedly diverting loans from Polaris Bank through 12 companies linked to him.
Mr Mamman was appointed minister in August 2019 and was sacked in September 2021.
The judge adjourned until June 2 for continuation of hearing.
UBA challenged the FCCPC’s jurisdiction. In suit FHC/ABJ/CS/1972/2025, UBA contested whether the FCCPC could oversee a CBN-licensed bank’s operations, products, or services.
The FCCPC has warned firms, transaction parties and other stakeholders against non-compliance with statutory obligations relating to mergers and acquisitions.
