EFCC ARRAIGNS MAN FOR ALLEGED ₦55M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Man  for  Alleged ₦55m Fraud in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 3, 2025 arraigned one Gabriel Celestine Nwawuzor, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos for ₦55m fraud. Nwawuzor was arraigned alongside Moonlink Pharmaceuticals Limited, on a 3-count charge bordering on fraud and money laundering to the tune of N55,000,000 (Fifty Five Million Naira) One of the counts reads: "That you Gabriel Celestine Nwawuzor and Moonlink Pharmaceuticals Limited sometime in April, 2021, in Lagos, within the jurisdiction of this Honorable Court procured the account number 2170235882 domiciled in Zenith Bank to retain the sum of N55, 000, 000.00 ( Fifty Five Million Naira) which sum you knew forms part of the proceeds of your unlawful act and you thereby committed an offence contrary to Sections 21(a), 18(2)(d) of the of Money Laundering (Prevention and Prohibitio...
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IRRITATED DR. PHIL TESTIFIES IN $500M DISPUTE WITH CHRISTIAN TV NETWORK. (PHOTO).

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Irritated Dr. Phil testifies in $500M dispute with Christian TV network

Dr. Phil McGraw appeared testifying Tuesday in federal court in Texas in a heated dispute over a $500 million distribution deal with Trinity Broadcasting Network, a conflict that has entangled his Merit Street Media venture in potential bankruptcy and multiple lawsuits. From the witness stand, the 75-year-old television personality frequently displayed frustration, at one point asking a TBN lawyer, “Is there a question?” and then answering himself, highlighting the tension in a courtroom marked by bickering attorneys, judge admonishments, and verbal sparring.

McGraw repeatedly blamed TBN for the collapse of the deal, citing a lack of patience for the four-to-five-year growth trajectory required for a startup network to succeed. “We discussed it on numerous occasions, and they just didn’t stay the course long enough,” he told Judge Scott W. Everett, arguing that had TBN maintained its investment, it could have been highly profitable. McGraw acknowledged TBN had made “significant capital contributions” but insisted he exercised as much control as possible over the endeavor. The legal battle intensified after McGraw’s new company, Envoy, emerged from the remnants of MSN, leading to a bankruptcy filing and a lawsuit against TBN for breach of contract, which TBN countered by accusing Dr. Phil of attempting to defraud the network. The hearing, now in recess, will continue with questioning from attorneys for Professional Bull Riders, as Dr. Phil’s legal team navigates objections and testimony, all under the scrutiny of a courtroom drama that has grown increasingly contentious.

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