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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.
President Muhammadu Buhari has again faulted the Peoples Democratic Party (PDP) for allegedly mismanaging the nation’s resources.
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has reaffirmed the Commission’s commitment and determination to deliver credible elections in Nigeria in 2019, which will embody the concepts of inclusiveness, transparency and accountability, by also ensuring that established rules are fully, fairly and impartially enforced.
The Committee for the Protection of Peoples Mandate (CPPM), an activist group, has demanded that the Federal Inland Revenue Service (FIRS) produce tax receipts belonging to Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP).
Justice Mohammed Aikawa of a Federal High Court, Lagos, on Friday dismissed a contempt application filed by a former Minister of State for Finance, Nenadi Usman, against Minister of Information Lai Mohammed over inclusion of her name in the ‘looters’ list.
The World Bank on Friday said that it had granted $300 million to Tanzania to support its education sector, a statement from the country’s Directorate of Presidential Communication said.
The Nigerian Football Federation (NFF) on Friday dismissed reports of an alleged denial of visas to some Super Eagles players by the South African Embassy in Turkey.
World football–governing body, FIFA, has condoled the Nigeria Football Federation over the death at the weekend of former Nigerian international and ex–Flamingoes’ assistant coach, Ajuma Otache.
Inter Milan's run of seven successive league wins was abruptly ended on Sunday when they were crushed 4-1 at Atalanta in rain-sodden conditions.
One of the social intervention programmes of the Nigerian government, N-Power, has announced its Impact Series competition, which offers one beneficiary in each state one Million Naira.
Jose Mourinho admits Manchester United are in no position to speak about the title, with a derby defeat to Manchester City leaving them 12 points off the pace and chasing a top-four finish.