The Federal High Court in Lagos has granted an interim Mareva injunction freezing N1.2 billion copyright levy funds payable to the Musical Copyright Society of Nigeria (MCSN). Justice Ambrose Lewis-Allagoa restrained the Central Bank of Nigeria (CBN) and no fewer than 20 commercial banks from disbursing or releasing the funds pending further h...
•Sujimoto CEO Ogundele (L) and Governor Mbah of Enugu State The Economic and Financial Crimes Commission (EFCC) says it has recovered N1.2 billion which belongs to the Enugu State government from Sujimoto Luxury Construction Limited, a Lagos-based construction firm. The anti-graft agency said it recovered the fund from the company over its fa...
•NAFDAC officials in the Lagos warehouse of fake drugs The National Agency for Food and Drug Administration and Control (NAFDAC) yesterday in Lagos seized 277 cartons of counterfeit Malamal Forte malaria drugs, worth over ₦1.2 billion, during a raid on a warehouse in the Ilasa-Oshodi area. The fake medicines, illegally imported from China and ...

