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Monday, May 25, 2026

Economy

May 24, 2026

Real estate investor Mordichai Weiss pleads guilty to $230 million fraud

In total, Mr Weiss obtained approximately $229.6 million in loans from multiple financial institutions through this scheme.

STASH OF DOLLARS
May 24, 2026

Atlanta Housing Authority senior VP Tracy Jones sentenced to prison for fraud

Ms Jones was sentenced to nine months in prison, followed by nine months of home detention and 15 months of supervised release, and was ordered to pay restitution and a fine.

Tracy Jones
May 24, 2026

NITDA: FG moves to strengthen coordinated innovation ecosystem

Kashifu Inuwa, director-general of NITDA, said the initiative was designed to address structural regulatory bottlenecks slowing innovation in Nigeria’s digital economy.

Kashifu Inuwa
May 24, 2026

Ponzi Scheme: U.S. seeks civil forfeiture of Goliath Ventures CEO Christopher Delgado’s real properties, vehicles

Mr Delgado’s scheme involved soliciting victims to invest substantial sums of money under false and fraudulent promises of monthly returns.

Christopher Delgado
May 24, 2026

$18 million paid to U.S. workers harmed by Apple’s hiring, recruitment practices

“The Civil Rights Division will keep fighting for U.S. workers and will hold companies accountable for favouring temporary visa holders for American jobs,” said a DOJ official.

May 23, 2026

Nigerian Railway Corporation raises alarm over renewed nationwide attacks on rail infrastructure

He described the development as disturbing and a direct attack on critical national infrastructure.

Kano-Daura rail project
May 23, 2026

Tin-Can Customs records ₦1.6 trillion revenue

The command exceeded its 2025 revenue target of N1.524 trillion.

Nigeria Customs Service (NCS)
May 23, 2026

Navy foils attempt to revive illegal crude oil refining network in Rivers

About 260,000 litres of products suspected to be crude oil and 405,000 litres of illegally refined Automotive Gas Oil (AGO) were discovered across the site.

Nigerian Navy
May 23, 2026

LASCOPA raises alarm over circulation of adulterated palm oil in Lagos

He said investigations revealed the presence of contaminated and artificially enhanced palm oil in markets across the state.

Palm oil (Credit: House food)
May 22, 2026

Nigeria Customs, China partner to boost trade 

He described China as Nigeria’s biggest trading partner.

Nigeria Customs Service (NCS)