Magu: Fresh facts on re-looting of recovered funds, bribery emerge
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, may be facing fresh cases of alleged re-looting of funds recovered by the commission as…
Rumours of naira devaluation, false, unwarranted, calculated to serve dubious, selfish ends – CBN
The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made this known in a statement by the bank’s Director, Corporate…
FG orders gov. Makinde to disband caretaker committees, restore LG elected representativesÂ
Abubakar Malami, AGF and Minister of Justice Mr Abubakar Malami, Attorney-General of the Federation and Minister of Justice has called for immediate disbandment of caretaker committees and restoration of elected local…
CSOs urge President Buhari to dismiss Sagay as PACAC Chairman
A coalition of 24 Civil Society Organisations (C24) has advised President Muhammed Buhari to relieve Prof. Itse, Sagay SAN, of his appointment as Chairman, Presidential Advisory Committee Against Corruption (PACAC)….
Alleged N17.5bn scam rocks Bayelsa, APC invites EFCC, NFIU to probe
The All Progressives Congress (APC) has called on the Economic and Financial Crimes Commission (EFCC) to investigate an alleged diversion of N17.5 billion by the Bayelsa Government. Mr Yekini Nabena,…
FG sets up inter-agency task force on N5trn AMCON debt recovery
The Federal Government has taken another determined step in its bid to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal…
N5trn AMCON debts: EFCC, ICPC, others team up to chase debtors
The Vice-President, Prof. Yemi Osinbajo, has directed that new approaches be adopted in the recovery of debts owed the Assets Management Corporation of Nigeria(AMCON). Osinbajo’s spokesman, Mr Laolu Akande, in…
Teachers’ upgrade: NUT collaborates with TRCN on 2020 deadlineÂ
The Nigeria Union of Teacher (NUT) is collaborating with Teachers Registration Council of Nigeria (TRCN) on the 2020 deadline for unqualified or unregistered teachers to upgrade, a union official has…
SEC set to amend its laws to capture fraudulent activities in the capital market, sign Mou with NFIUÂ
The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) to combat Ponzi schemes and fraud in the capital…
Nigeria urges the international community to simplify the process of tracing, recovering, repatriating IFFs …As Nigeria accounts for 21% of the $80b losses annually
Africa is currently losing about 80 billion dollars annually through Illegal Financial Flows (IFFs), with Nigeria accounting for 17 billion dollars or 21 per cent of the figure, a UN…