BREAKING NEWS

  The Economic and Financial Crimes Commission, EFCC,  has secured the conviction of one Chima Hyginus Nkwocha, a.k.a "Young Billionaire," for cheating by impersonation and money laundering.   The commission in a statement on Wednesday night, January 8, 2025, said Nkwocha was jailed on Tuesday,  December 31, 2024.  Nkwocha was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on a two-count charge bordering on cheating by impersonation and money laundering.   One of the counts read: “That you, Chima Hyginus Nkwocha (AKA Frank Nils, Frank Cobert, Frank Brown & Chettot), sometime in 2022 in Abuja within the jurisdiction of this Honourable Court, did fraudulently impersonate Frank Nils, Frank Cobert, Frank Brown, and Chiress Riffatt on Gmail and Google Voice using the Gmail addresses frankcorbett272@gmail.com and chriressrifatt@gmail.com with intent to defraud, fraudulently obtaining a cumulative sum o...

  Lagos nightclubs generated a staggering N4.32 billion ($2.7 million) during the December period, a new report claims. The report by advisory firm MO Africa Company Limited analysed data from November 19 to December 26, highlighting how the city’s vibrant hospitality and tourism sectors attracted travellers from across the globe. Lagos alone welcomed an estimated 1.2 million tourists, of which 60% were domestic travellers, the report revealed.   This surge was partly attributed to insecurity in southeastern Nigeria, which prompted many to prioritise Lagos which is deemed safer.   Most arrivals came for leisure and tourism, while preferred destinations in Nigeria, for visitors coming from abroad, included Lagos, Edo, Delta, Ondo, and Ogun states.   Kayode Omosebi, CEO of MO Africa Company Limited, says his team surveyed hotels, airports, short-let agents, and nightclubs to compile the data. Omosebi noted the increasing reliance on cryptocurrency in Lagos’ h...