<< Back             Poser >> Police close probe into allegations against Niharika Handa and son over obtaining Ghanaian passport A police investigation into allegations that international businesswoman, Niharika Handa and her son, Punarvasu Handa, obtained Ghanaian travel documents through false declarations has been concluded and formally closed after investigators found no evidence of wrongdoing. A police report from the Documentation and Visa Fraud Unit (DVU) of the Criminal Investigations Department (CID) said the case originated from a petition submitted on September 29, 2025, by Amar Deep Sing Hari, Co-founder and Executive Chairman of IPMC. As part of the investigation, police requested records from the Passport Office, the National Identification Authority, the Ghana Immigration Service, the Registrar-General’s Department, and the Indian High Commission in Accra. Investigators established that both individuals were Indian nationals, who later acquired Ghanaian citizenship through naturalisation. The Police records showed that Niharika Handa became a Ghanaian citizen on July 8, 2022, while Mr Punarvasu Handa was naturalised on December 19, 2023. The report further said that she obtained a Ghanaian passport on July 22, 2022, while Punarvasu Handa secured his on May 21, 2024. After examining the relevant documents and records, investigators found no evidence to support the allegations and closed the case.  Niharika Handa, reacting to the outcome, expressed confidence in Ghana’s institutions and legal processes. “I am grateful to the investigating authorities for their thorough and impartial work, and I have complete confidence in the integrity of Ghana’s justice system,” she said. “Out of respect for the legal process, and because related matters remain before the courts and the authorities, I do not intend to comment on those proceedings.” “I am content to let the proper legal channels take their course, confident that the facts will be assessed fairly and in accordance with the law.” Mrs Handa and her son said they would make no further public statement on any matter currently before a court or under consideration by the authorities in Ghana. Source: GNA Ghana Business News	Lekki Port Phase 2 construction set for kick-off, says Lagos govt By Godwin Oritse Lagos State Governor, Babajide Sanwo-Olu, has announced that work on Phase 2 of the Lekki Port project will commence soon, a move aimed at strengthening the state’s position as West Africa’s leading maritime and logistics hub. Speaking at the Invest Lagos Summit 3.0 held in Lagos earlier in this week, Sanwo-Olu highlighted the […] 3 years of Tinubu: Manufacturers yet to see policies translate into industrial growth — MAN  From intervention funds and industrial roadmaps to fiscal reforms, local content policies and foreign exchange restructuring, the administration has introduced several initiatives CBN bans linked financial entities from extending loans to each other By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has banned closely linked financial entities from extending loans or guaranteeing the obligations of one another without the bank’s prior approval. The apex bank disclosed this, yesterday, in its Exposure Draft on ring-fencing operations of closely linked entities in the Nigerian financial system. The apex bank stated: […] Businesses’ confidence in macroeconomy rises to 7.9 index points — CBN By Elizabeth Adegbesan Businesses’ confidence in the macro economy rose significantly to 7.9 index points in May 2026 from 3.9 index points in the preceding month of April 2026, even as insecurity, multiple taxation, and high interest rates continued to pose major operational challenges to businesses during the period. This was contained in the latest Central […] Nigeria’s monthly oil output rises 2.2% By Obas Esiedesa, Abuja Nigeria’s total oil production, comprising crude oil and condensates, increased by 2.2 per cent in May to 1.70 million barrels per day (bpd), while crude oil output exceeded the country’s OPEC production quota for the first time this year. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday showed […] FCMB appoints Bismarck Rewane as Non-Executive Director, Board of Directors Chairman First City Monument Bank (FCMB) Limited has appointed Mr. Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors, following approval from the Central Bank of Nigeria. Mr. Rewane is a respected economist and experienced leader in Nigeria’s financial sector, with more than 40 years of experience in macroeconomic research, investment banking, […]