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The Central Bank of Nigeria on Wednesday said it has commenced a review of the information provided by telecoms giant, MTN, and four banks sanctioned recently over alleged illegal repatriation of funds.
The Civil Society Network Against Corruption, which is a coalition of over 150 anti-corruption organization with the aim of constructively combating corruption in Nigeria, has urged the Economic and Financial Crimes Commission to investigate the alleged illegal repatriation of export revenue by communication giant company, MTN, and its collaborators.
Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday.
Standard Chartered Bank Nigeria Limited yesterday has promised to continue to conduct its and remain committed to carrying on our business in compliance with all relevant laws and regulations.
MTN Nigeria has gone to court to challenge the directive of the Central Bank of Nigeria (CBN) that the telecoms company should refund $8.134 billion illegally repatriated from the country and the demand by the Attorney General of the Federation (AGF) that it should pay $2 billion tax arrears to the federal government.
The Central Bank of Nigeria (CBN) on Friday said the alleged deduction of N1.886 billion fine from Stanbic IBTC Bank’s account was in the national interest.
At home on Monday evening, I was engrossed in some heavy reading and writing task when I got a desperate call from my driver who had closed for the day. His friend, and some other hapless Nigerians, had just been randomly arrested at Ketu area by the “Lagos State Task Force” for undisclosed offences.
MTN Nigeria has denied its involvement in the illegal repatriation of dividends worth $8.1bn between 2007 and 2015.
The Central Bank of Nigeria (CBN) on Wednesday imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities.
Norwegian songwriters, composers and music publishers on Monday said they had lodged a complaint against Jay Z’s music platform Tidal after a media report said its streaming statistics had been manipulated.
The Senate has blamed the Central Bank of Nigeria for allowing telecoms company, MTN, to abuse of its policy regulating capital repatriation.
The Police in Delta State has vowed to track down killers of the Delta State University (DELSU) student, Elizino Joshualia Ogege who was gruesomely murdered by persons suspected to be ritual killers.
Businessman, Femi Otedola, on Wednesday, revealed that a former House of Representatives member, Farouk Lawan, demanded a $500,000 bribe from him to remove his company, Zenon Petroleum and Gas Limited from the list of oil companies allegedly involved in fuel subsidy fraud.
Governor Yahaya Bello of Kogi has promised a N100 million reward to anyone with information that could lead to the arrest of those that killed Malam Yusuf Adabenege, his Special Adviser on Culture and Tourism.
The Kogi state government on Wednesday countered the claims of the Association of Licensed Telecommunications Operators (ALTON) over the shutting down of facilities in the State, saying the action was based on court orders.
Turkish President Recep Tayyip Erdogan on Wednesday accused George Soros of aiding a jailed Turkish philanthropist facing hugely controversial charges of seeking the overthrow of the government, describing the Hungary-born American billionaire as a "famous Hungarian Jew".
Liverpool’s Premier League statistics this season make for impressive reading but the focus should be on delivering trophies at Anfield, according to midfielder Georginio Wijnaldum.
Officials of the Nigerian Army on Saturday were caught on camera shooting sporadically and assaulting traders at CMS area of Lagos Island.
Speaking further on OJukwu’s memorial, the Biafra leader disclosed that the widow of the late Nkemba, Iyom Bianca Ojukwu and other important personalities would grace the occasion.
Bukola Saraki: Nigerians waiting to see how Muhammadu Buhari will handle allegations against Adams...
Senate President Bukola Saraki says Nigerians are eagerly waiting to see how President Muhammadu Buhari will handle allegations against Adams Oshiomhole, national chairman of the All Progressives Congress (APC).
The leaders of France and Germany met in Berlin on Sunday to jointly remember the victims of European wars, presenting also a united front in countering global turmoil stoked by the mercurial US President Donald Trump.