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Showing posts from August, 2021

EFCC - Why we raided BBNaija star, Dorathy's house

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 The Economic and Financial Crimes Commission EFCC has reacted to claims by former Big Brother Naija housemate, Dorathy Bachor, that her house was broken into by its operatives. Recall that earlier today, Dorathy took to her Instastories to call out the agency after its operatives allegedly broke down the door of her apartment in the early hours of today while on the trail of a suspected fraudster. Read  here.   Reacting to Dorathy's claim, EFCC in a statement released this afternoon, said its operatives broke into the house because they refused to open the door. The statement reads   The attention of the Economic and Financial Crimes Commission has been drawn to a post on Instagram by one Dorothy Bachor, alleging that operatives of the Commission broke into her home in the early hours of today, 23rd August, 2021 The Commission can confirm that operatives from the Lagos Command of the Commission, acting on verified intelligence, executed a Search Warrant at a block of flats located

FCMB empowers Agribusiness, Healthcare and others with AFDB's $50M Credit

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Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument Bank (FCMB), courtesy of a $50m credit facility from the African Development Bank (AfDB).     The $50m credit line will narrow the lending gap to underserved segments and complement FCMB's lending efforts and operations in the Nigerian market. AfDB will disburse the funds to FCMB before the end of this year.   Mrs Yemisi Edun, Managing Director, FCMB, thanked the African Development Bank for having confidence in the Bank, saying the credit line would help it increase lending to high impact sectors of the Nigerian economy.     She said, "The $50m credit line will increase access to finance for women empowered businesses and enterprises involved in agribusiness, manufacturing, renewable energy and healthcare, enabling them to build back better post-COVID.     "We are delighted that a minimu