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 […]
The Permanent Secretary, Special Duties at the Federal Ministry of Finance, Budget and National Planning, Dr. Muhammed Dikwa, on Thursday disclosed that Federal Government had saved N594.09 billion from the implementation of the Whistle Blowing Policy since its inception in 2016. Dikwa gave this hint while speaking at a workshop on the overview of whistle […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr Umaru Ibrahim, has restated the corporation’s zero tolerance for corruption and all forms of malpractices in the implementation of its mandate and activities. Giving the assurance during the inauguration of four new members to the corporation’s Anti-Corruption and Transparency Unit (ACTU) by the Chairman of […]
A Federal High Court, Abuja has granted granted the prayers of the Federal Inland Revenue Service (FIRS), First Bank of Nigeria Limited and an indigenous company, Biatemp Ventures Ltd, seeking an out of court settlement in a N25 billion damages suit filed against the lender and the FIRS by the firm over alleged account manipulation. […]
A Federal High Court Lagos on Tuesday adjourned the hearing on a suit filed by MTN Nigeria Communication Ltd, against the Attorney General of the Federation (AGF), Abubakar Malami, over alleged N242 billion and 1.3 billion dollars import duties and withholding tax assessments until Jan. 30 and Jan. 31, 2020, It would be recalled that […]
Minister of Justice and Attorney-General of the Federation, Abubakar Malami, has disclosed that the Federal Government has formally requested the National Assembly to approve payment of 2.5% commission to those who assisted government in recovering stolen funds from foreign countries. Malami, who gave this hint while defending his ministry’s 2020 budget proposals before the Senate […]
The Central Bank of Nigeria (CBN) has advised banks to intensify their surveillance and monitoring of all transactions involving persons and entities designated under the United Nations Security Council Resolution 1718 and all other subsequent resolutions relating to the Democratic People’s Republic of Korea (DPRK) and report such immediately. The apex bank in a circular […]
Amid growing anxieties among Nigerians on recent UK court’s judgment awarded in favour of Process and Industrial Development Ltd (P&ID) to seize Nigeria’s assets worth $6.9bn over alleged breached of contract, a Federal High Court in Abuja on Thursday accepted the guilty pleas of two employees of the foreign company and its Nigerian affiliate – P […]
The Federal Government on Thursday promised to provide hundreds of Nigerians returning from South Africa following rising incidents of xenophobic attacks in the country soft loans to be provided by the Bank of Industry (BOI) to support those interested in small trade and businesses. The Chairman and Chief Executive Officer (CEO) of the Nigerians in […]
Kenya’s Director of Public Prosecution, (DPP) Noordin Haji, has ordered the immediate arrest and prosecution of Humphrey Kariuki, the owner of Wines of the World Limited (WoW) and Africa Spirits Limited alongside eighth other accomplices over allegations of KSh 41 billion tax evasion. According to a news report by Kenyalivefeed.com, Kariuki and the other eight […]