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Certificates of Capital Importation
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.
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.
The Senate has blamed the Central Bank of Nigeria for allowing telecoms company, MTN, to abuse of its policy regulating capital repatriation.
Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said.
Former Arsenal goalkeeper David Seaman has suggested Arsene Wenger could be the ideal replacement for Maurizio Sarri at Chelsea.
A member of the National Assembly representing Langtang South/Langtang North Federal Constituency of Plateau State, Hon Beni Lar, has cried out that her constituency is under siege of political thugs ahead of the rescheduled presidential and National Assembly elections holding on Saturday.
A chieftain of the ruling All Progressives Congress (APC), and strong ally of President Muhammadu Buhari, Engr. Kailani Muhammad, has said that, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, is desperate to be president of Nigeria.
Suspected herdsmen on Wednesday killed 16 persons and injured two others during an invasion of Ebete community in Usha council ward of Agatu Local Government Area of Benue State.
The Independent National Electoral Commission (INEC), has released the colours of the ballot papers and boxes for the Presidential and National Assembly Elections on Feb. 16.
The Labour Party governorship candidate in Kwara state, Issa Aremu, has said the postponement of the general elections by the Independent National Electoral Commission (INEC), was accompanied with mixed feelings.
Ahead of the Presidential and National Assembly elections on Saturday, the Independent National Electoral Commission in Imo has released WhatsApp accounts and phone lines for complaints.
Confederation of African Football (CAF) has named Ikouwem Udoh and Valentine Uzornwafor in the Best XI of the just concluded 2019 U-20 Africa Cup of Nations (U-20 AFCON) in Niger Republic.
The national leadership of the People’s Redemption Party (PRP) has condemned the unlawful and unwarranted harassment of some of its members by officials of the police force in Bauchi State.