Defense giant L3Harris forced out chairman and chief executive Chris Kubasik, 65, over the weekend after a board investigation revealed that he had violated the company’s code of conduct. The $50 billion aerospace-and-tech company did not provide any detail about what Kubasik did to violate the code, but specified it did not involve financial reporting,…
The Federal High Court in Lagos on Tuesday jailed a jeweller for refusing to accept naira as a legal tender. Judge Alexander Owoeye convicted Precious Uzondu after he changed his initial not-guilty plea to guilty on Monday. Earlier this month, the Economic and Financial Crimes Commission (EFCC) charged him with two counts of rejecting naira…
Abuja, Nigeria – Justice Jude Onwuegbuzie, on Monday, December 2, 2024, gave a ruling on a final forfeiture of an estate in Abuja measuring 150,500 square metres and containing 753 Units of duplexes and other apartments. Converseer reports that this is the single largest asset recovery by the Economic and Financial Crimes Commission (EFCC) since…
