Banking. Revenue. TechnoBiz
The Senate on Wednesday screened and confirmed Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC). The nominee, who was accompanied by officials of the anti-graft agency and well-wishers, was subsequently interviewed for almost two hours by the lawmakers, who also described his choice by the President as commendable. They […]
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye has lent his voice against cryptocurrencies and virtual assets transactions in Nigeria, describing them as risky for the country. Owasanoye expressed this view before the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the […]
The Senate has issued an arrest warrant for the management of the Niger Delta Development Commission (NDDC) over failure by the members to appear before it over alleged N2.6 billion palliative fund misappropriation perpetration by them. The Chairman of the Senate Committee on Public Petition, Ethics and Privileges, Senator Ayo Akinyelure, gave the order after […]
The United States Supreme Court declined on Monday President Donald Trump’s appeal to block a New York grand jury from getting his personal and corporate tax returns. The verdict represented the ousted President’s decisive defeat in his prolonged legal battle to keep his tax records out of the hands of investigators. A news report by […]
A research conducted by Finaria.it last year on the global cryptocurrency market showed that malicious hackers and other scammers stole $1.9 billion as against the $4.5 billion in the preceding year. While the year witnessed a huge growth in the crypto market as many investors turned to digital coins as a store of value in […]
In furtherance of its fiscal policy objectives of translating the recovered assets into funds, the Federal Government has invited bidders to bid for the sundry assets. The assets, which were recovered or forfeited by suspects facing corruption charges and are located in 25 states, include vehicles, ships, plants, boats, and machinery as well as electronics […]
The Nigeria Deposit Insurance Corporation (NDIC) has flawed the decision of the Investments and Securities Tribunal (IST) on case No. IST/OA/03/19 between Winners Medical Diagnostics Ltd and Ecobank, saying the Tribunal misconstrued and consequently misapplied the clear provisions of the relevant laws governing bank liquidation in Nigeria. The corporation’s stance on the decision was expressed […]
The Federal High Court in Abuja on Friday ordered the remand of former Chairman of the defunct Pension Reform Taskforce Team, Mallam Abulrasheed Maina, in prison custody till the conclusion of his trial over money laundering charges. Maina is facing a 12-count money laundering charge preferred against him and his firm, Common Input Properties & […]
Consequent upon the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) on Wednesday took possession of 12 assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos and Abuja over N69.4 […]
Following his pleading not guilty to a 14-count charge of money laundering, unauthorised forex trade and failure to comply with government’s trade and exchange policy, a Federal High Court in Lagos on Monday remanded a suspected money launderer, Ismaila Mustapha (aka Mompha) over his arraignment for alleged N33 billion fraud. This is even as the […]