Business
CDCFIB warns against fake recruitment information, threatens prosecution
The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has warned members of the public against spreading or relying on false information regarding its ongoing recruitment exercise.
In a public notice signed by Okeh Juliet, head of press and public relations for the Secretary to the Board, the CDCFIB said that false information about the recruitment exercise was being circulated across various channels, particularly on social media platforms.
The Board said the misleading messages could create confusion and undermine the aspirations of genuine applicants seeking opportunities through the recruitment process.
“The public is advised to exercise caution and verify all information online. Misleading messages concerning the ongoing recruitment exercise are disruptive and capable of undermining the aspirations of genuine applicants,” the notice stated.
CDCFIB warned that it would take necessary measures to identify and prosecute individuals or groups responsible for creating and disseminating false information about the exercise.
According to the Board, the spread of unauthorised and misleading information constitutes a criminal offence punishable under existing laws.
“The Board is taking all necessary steps to identify and prosecute individuals or groups responsible for creating and disseminating false information,” it said.
It added that, “The spread of unauthorised and misleading information is a criminal offence. Offenders will be brought to book and sanctioned in accordance with extant laws.”
The Board described the notice as a final warning to social media users and account holders who spread false claims about the recruitment exercise.
READ ALSO: Recruitment: Board releases lists of successful Immigration, Fire, NSCDC, NCoS applicants
It also noted that it is collaborating with relevant security and law enforcement agencies to monitor and address cases of misinformation.
“This serves as a final warning to all social media users and account holders involved in propagating falsehoods relating to the ongoing recruitment exercise,” the Board noted.
Applicants and stakeholders were advised to rely only on the Board’s official recruitment portal and verified communication channels for updates regarding the exercise.
“Applicants and stakeholders are strongly advised to rely ONLY on the official CDCFIB recruitment portal and verified Board communication channels for authentic updates,” the notice added.
The Board also appealed to members of the public to report suspicious content and refrain from sharing unverified information.
The earnings’ season is here once more, with the half-year period already gone past and the publication of corporate results set to commence any moment soon.
The largely positive investor sentiment that dominated trade in that period drove a sweeping rally in Nigerian stocks January though June. That positive has made the country’s equity market the best-performing in the world in dollar terms.
If half-year corporate reports come out stronger than they were a year ago, the market could ride on that momentum to turn out a fabulous yield that could meet investors’ expectations in the short term.
“Nevertheless, we expect pockets of bargain hunting to emerge as investors gradually position ahead of the H1:2026 earnings season, particularly in fundamentally sound stocks that have become more attractively valued following the recent market pullback,” analysts at Meristem Securities said in their note to investors last week.
“We also expect companies with strong earnings prospects and attractive interim dividend potential to continue attracting selective buying interest.”
PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.
The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.
This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.
Zenith Bank
Zenith Bank tops this week’s pick on the basis of its strong fundamentals and for trading below its intrinsic value. The lender’s net profit ratio (NPR) is 21.8 per cent, while the price-to-earnings (PE) ratio is 4.4x. Its 14-day relative strength index (RSI) is 41.6.
Unilever
Unilever makes the selection for its strong fundamentals. The NPR of the consumer goods company is 14.8 per cent, while the PE ratio is 21.4x. Its 14-day RSI is 14.1.
BUA Cement
BUA Cement appears on the pick on the basis of its attractive fundamentals. The NPR of the cement manufacturer is 36.4 per cent, while the PE ratio is 25.5x. The 14-day RSI is 0.
READ ALSO: Zenith Bank backs Canada-Africa Business Conference to deepen trade, investment ties
Coronation Insurance
Coronation Insurance makes the selection by virtue of its strong fundamentals. The NPR of the insurer is 19.8 per cent, while the PE ratio is 8.1x. Its 14-day RSI is 46.2.
UACN
UACN makes the cut based on its strong fundamentals. The NPR of the conglomerate is 2.3x, while the PE ratio is 26.2x. Its 14-day RSI is 53.
The Economic and Financial Crimes Commission, EFCC, has filed a notice of appeal at the Court of Appeal, Abuja, against the judgment of Justice Peter Kekemeke of the Federal Capital Territory, FCT, High Court, Abuja, finding it liable for defaming former Minister of Power, Olu Agunloye over a social media publication of an alleged $6billion Mambilla Power Project fraud.
The Notice of Appeal was filed on Friday, July 10, 2026 by counsel to the EFCC, Wahab Shittu, SAN.
In the appeal contained in Suit No: FCT/HC/CV/1199/2024, the EFCC expressed dissatisfaction with the “whole of the judgment of the High Court of the Federal Capital Territory, sitting at Maitama, Abuja, Coram: Hon. Justice Peter O. Kekemeke, delivered on the 8th day of July, 2026….”
Specifically, the appeal was hinged on 11 grounds and four different orders. The orders the Commission is seeking in the appeal, are orders allowing the appeal, setting aside the whole of the judgment, dismissing Agunloye’s claim before the trial court in entirety and any other order the court may deem fit to make in the circumstances of the appeal.
Justice Kekemeke had declared in his judgment that the EFCC’s publication on Agunloye was false, defamatory and injurious to the former Minister’s reputation and awarded N10 million in damages against the Commission.
Shittu, in the appeal, also filed a stay of execution of the judgment of the trial court.
No date has been fixed for the hearing of the appeal.
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