EFCC ARRAIGNS TWO, COMPANY FOR ALLEGED N560M THEFT IN LAGOS. (PHOTO). #PRESS RELEASE

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 EFCC Arraigns Two, Company  for Alleged N560m Theft in Lagos ‎ ‎The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Monday, June 8, 2026, arraigned the duo of Olivia Dike and Azeez Muniru Siyanbola for an alleged N560,000,000,00( Five Hundred and Sixty Million Naira ) theft before Justice R.O. Oshodi of the Lagos  State High Court sitting in Ikeja, Lagos.   The defendants were arraigned alongside a company, Eniafelamo Global Seven Nigeria Limited, on a three-count charge bordering on stealing to the tune of N560m. ‎ ‎One of the counts read: “That you,  Olivia Dike, Azeez Muniru Siyanbola, Eniafelamo Global Seven Nigeria Limited and one Taoheed Lekan Abdrahman (at large), between July, 2024 and February, 2025 at Lagos, within the jurisdiction of this honourable court, dishonestly stole and converted to your use the cumulative sum of N560, 000,000.00 (Five Hundred and Sixty Million Naira only), property of Peachland West Africa...
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MTN NIGERIA,WITHDRAWS THEIR SUIT AGAINST FEDERAL GOVERNMENT,TODAY.

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                                Today friday,MTN Nigeria has formally announced the withdrawal of the court case against the Federal Government of Nigeria.According to a statement issued today friday,i which the telecommunication company said that this is in order to pave way for continue settlement discussions with the Federal government towards an amicable resolution of the matter in the best interests of the company and Nigeria.In restrospect,MTN on 24th of February 2016,announced its withdrawal of the court case and made an initial payment of N50 Billion without prejudice.This payment was made on the basis that it would be applied towards a settlement when one is arrived at.Speaking in the press statement the Chief Executive Officer {CEO} MTN Nigeria,Ferdi Moolman said ''We have kept our promise to withdraw and we have followed through by formally doing so.This is in line with the premium we place on good corporate citizenship''.The formal withdrawal today at the Federal High Court,with all parties in attendance,signals further progress in the negotiations between MTN Nigeria and the Nigerian government.Speaking further,Moolman described the development as another manisfestation of good faith and intent by MTN Nigeria.We have confidence in the equally good intentions of the Nigerian authorities and the strength of our mutual commitment to an amicable resolution.''The high priority that Government is giving to the sustainability of the industry assures us of a truly integrated approach amongst all parties,to the growth of ICT as a critical enabler of social-economic development in Nigeria''.One more photo below.                                                                     

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