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21-Year-Old Joshua Dominic Nabbed For Defrauding 500 Investors Of N2bn

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The Managing Director/Chief Executive Officer, Brisk Capital Limited, Joshua Dominic, has been arrested by operatives of the Police Special Fraud Unit in Lagos State for allegedly defrauding over 500 investors of over N2bn.

It was gathered that the 21-year-old Dominic was arrested following petitions to the unit by several investors and verified intelligence gathered on his activities, which were confirmed by banking records.

The spokesman for the SFU, DSP Eyitayo Johnson, said in a statement on Tuesday that Dominic, a native of Ebonyi State, was operating from Uyo, Akwa Ibom State.

He added that Dominic usually lured his victims on social media platforms such as Instagram, Facebook, and Linkedin as well as via newspaper publications, claiming to be a financial investor, who manages funds for individuals and companies.

Johnson stated that Dominic confessed to the crime, adding that the Commissioner of Police in charge of the SFU, Anderson Bankole, advised members of the public to be wary of investment/portfolio managers, who suspiciously promise them very high returns.

The statement read in part, “The Special Fraud Unit, Lagos, has arrested the MD/CEO of Brisk Capital Limited, Mr Joshua Dominic, for allegedly diverting investors’ funds worth over N2bn.

“The victims were conned into investing in Bitcoin, forex trading, real estate, and oil and gas with the promise of prompt and accurate 60 percent return on investment per month on every sum invested, plus the guarantee of the invested principal.

“The funds, which belonged to over 500 investors, were diverted to sponsor extravagant lifestyles, parties, exotic cars, luxury watches, and real estates in Abuja, Lagos, and Port Harcourt. The suspect confessed to the crime but pleaded to be given time to return the money.

“Some of the properties/items purchased with the diverted funds have been recovered as exhibits, while the suspects will be arraigned before the Federal High Court as soon as the strike by the Judiciary Staff Union of Nigeria is called off.

“The Commissioner of Police in charge of the unit, Anderson A. Bankole, advised members of the public to be wary of investment/portfolio managers, who promise very suspiciously high returns.

“He offers the services of the unit to use the existing synergy between the unit and relevant regulatory bodies to provide credible information to genuine prospective investors, who approach it for background checks. The CP promised that the unit would not relent in its efforts to bring fraudsters, who are giving the country a bad name, to justice.”

 

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Governor Abdulrazaq Commits To Hosting 2025 BON Awards, Makes History As First To Host Consecutive Editions [PHOTOS]

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Governor Abdulrahman Abdulrazaq has announced his agreement to host the 2025 edition of the Best of Nollywood (BON) Awards in Ilorin, making him the first Governor in the event’s history to host it for two consecutive years. The Governor expressed his admiration for the 16th BON Awards, praising the event’s vibrant atmosphere and the engaging after-party that showcased the rich cultural and creative potential of Kwara State.

Held at the state-of-the-art Sugar Factory Film Studio in Ilorin, the BON Awards brought together top talents and stakeholders from Nigeria’s movie industry. Governor Abdulrazaq, who personally presented the Lifetime Achievement Award to Nollywood icon Kanayo O. Kanayo, commended the organizers for their professionalism and the remarkable success of the event.

“The BON Awards have shown the immense possibilities of Ilorin as a center for creativity and entertainment. I was thrilled by the energy, talent, and warmth that defined this year’s edition. The after-party further reinforced our vision of Kwara as a hub for the creative economy, tourism, and hospitality,” the Governor said.

Governor Abdulrazaq emphasized his desire for Ilorin to become the permanent venue for the BON Awards, citing the city’s unique blend of modern infrastructure, serene environment, and rich cultural heritage.

“I would be honored to host next year’s edition of the BON Awards and beyond. Ilorin is ready to offer unmatched facilities and an enabling atmosphere to support events of this magnitude. With landmark projects like the Sugar Factory Film Studio, Visual Arts Centre, and remodeled Kwara Hotel, we are poised to set a new standard for hosting creative events,” he added.

The Governor extended his appreciation to the Nollywood stars and stakeholders for their significant contributions to the Nigerian creative industry and their warm embrace of Kwara as a destination for film and entertainment.

“We invite the creative community to consider Kwara not just for future productions but also as a home for their endeavors. Together, we can build a creative hub that reflects our shared aspirations for excellence and innovation,” he concluded.

The 16th BON Awards, which featured celebrated actors such as Femi Adebayo, Mercy Aigbe, Toyin Abraham, and many others, was a resounding success, with winners and attendees alike applauding the state’s infrastructure and hospitality.

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Port Harcourt Refinery Operating At 70% Capacity, To Blend 1.4m Litres Of Petrol Per Day — NNPC

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The Nigerian National Petroleum Company (NNPC) Limited has announced that the rehabilitated old Port Harcourt refinery is currently operating at 70 percent of its installed capacity.

The Port Harcourt Refining Company (PHRC) operates two refineries: the old refinery, with a capacity of 60,000 barrels per stream day (bpsd), and a new refinery with an installed capacity of 150,000 bpsd.

In a statement on Tuesday, the energy company stated that it plans to increase operations to 90 percent of the refinery’s capacity.

“The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery,” the statement reads.

“This achievement marks a significant step forward after years of operational challenges and underperformance.

“We are, however, aware of unfounded claims by certain individuals suggesting that the refinery is not producing products. For clarity, the Old Port Harcourt Refinery is currently operating at 70% of its installed capacity, with plans to ramp up to 90%.”

‘NAPHTHA TO BE BLENDED INTO PETROL’

According to NNPC, the refinery has started producing daily outputs of straight-run petrol (naphtha), which is blended into 1.4 million litres of petrol.

The national oil company also stated that the refinery has begun producing 900,000 litres of kerosene per day and 1.5 million litres per day of diesel.

NNPC further mentioned that 2.1 million litres of low-pour fuel oil (LPFO) will also be produced daily at the refinery, with additional volumes of liquefied petroleum gas (LPG) to be refined at the plant.

“It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications,” NNPC said.

“Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes.”

Additionally, NNPC stated that significant progress has been made on the new Port Harcourt refinery, “which will begin operations soon without prior announcements.”

“We urge Nigerians to focus on the remarkable achievements being realized under the able and progressive leadership of President Bola Tinubu and to support efforts aimed at delivering more dividends to the nation,” the company added.

According to the statement, malicious attacks on “clear progress” only undermine the “significant strides made by NNPC Ltd and the country.”

“Let us move forward together in building a stronger and more self-sufficient energy sector,” the company said.

Earlier today, NNPC confirmed that the refinery officially commenced crude oil processing, resuming the loading of petroleum products into trucks.

Earlier reports had it that NNPC was struggling to finalize the turnaround maintenance at the refinery. According to documents seen by TheCable, one option being considered was retrofitting the refinery into a blending plant.

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NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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