UK GOVT INVESTS $6M IN INFRACREDIT TO BOOST NIGERIA’S ENERGY TRANSITION, INFRASTRUCTURE. (PHOTO).

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 UK Govt invests $6m in InfraCredit to boost Nigeria’s Energy transition, infrastructure The United Kingdom has announced an investment of $6 million towards unlocking domestic capital for Nigeria’s infrastructure development and energy transition. The investment was made through its MOBILIST programme to support the listing of InfraCredit on the NASD OTC Exchange Plc. The total listing by InfraCredit, Nigeria’s first and only domestic credit guarantor, is valued at N64 billion ($41 million). The company successfully raised NGN27 billion ($17.7 million) in new equity as part of the transaction. The investment from MOBILIST will further enable InfraCredit to expand its guarantee capacity and support a broader pipeline of infrastructure projects across the country. A statement by InfraCredit said the investment addresses this gap by offering Naira-denominated guarantees that enhance the creditworthiness of infrastructure debt instruments, thereby attracting investment from Nigerian i...
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MAN CONVICTED FOR $150 INVESTMENT SCAM IN LAGOS.(PHOTO).#PRESS RELEASE.

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Man Convicted for $150 Investment Scam In Lagos

The Lagos Command of the EFCC on May 30, 2022, secured the conviction of one Adeyemi Emmanuel before Justice Sherifat Solebo of the Special Offences Court sitting in Ikeja, Lagos for offence bordering on retention of proceeds of crime to the tune of $150.

He was accused of engaging in illegal online activities to defraud his victims in an investment scam.

The charge reads: "Adeyemi Oluwashina Emmanuel, sometime between the period of March 2020 and October 2021, within the Ikeja Judicial Division of this Honourable Court, with intent to defraud, retained the aggregate sum of $150 obtained from unsuspecting members of the public."

He pleaded "guilty" to the charge when it was read to him.

 

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