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Union Bank claims ownership of $2.8M confiscated at Enugu Airport by EFCC

In what may turn out to be a case of rushing to the media by the Economic and Financial Crimes Commission (EFCC) before carrying out proper investigation, the Management of Union Bank Plc has reacted to the arrest of two men by the Commission at the Enugu Airport stating that it was a legitimate and routine operation consistent with banking.

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USA now world’s biggest crude oil producer

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.   In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the U.S. low reached a decade ago, and a …

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