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This is just as the committee, chaired by Senator Mathew Uhroghide, also uncovered how the Nigerian National Petroleum Corporation (NNPC) allegedly spent N966 billion to repair pipeline between 2010 and 2015, as contained in the report of query by the Auditor General of the Federation (AuGF) over alleged unremitted N4 trillion by NNPC into the Federation Account.
Sometime in April, 2017 an online medium, sponsored by the Federal Government, claimed falsely that the Economic and Financial Crimes Commission (EFCC) had handed over a property confiscated from a former governor of Bayelsa State, the Late Chief D.S.P Alamieyesigha to me.
The Imo State Executive Council rose on Wednesday from its regular meeting presided over by Governor Hope Uzodinma and directed that cash payments will no longer be accepted in the ministries, departments and agencies of government.
Financial experts who participated at the Nigeria Finance virtual forum, which held on Tuesday, have stressed the need for collaboration between fintech developers, the banks and the financial institution regulator, in order for Nigeria to develop and provide affordable digital payment solutions to customers.
The deal was witnessed by the Minister of State for Petroleum Resources, Mr. Timipre Sylva, Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari; Governor of Akwa Ibom, Mr. Udom Emmanuel; his Jigawa counterpart, Badaru Abubakar and Managing Director of Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji.
The International lounge of the Asaba International Airport hosted prominent Deltans, top Government functionaries and investors Tuesday as the Airport was concessioned to a master concessionaire (FIDC-Menzies Consortium, now incorporated as Asaba Airport Company Limited) and sub-concessionaires of technical partners with a designated area of investment for 30 years by the State Government after five years of rigorous and painstaking exercise.
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.
Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).
A former executive secretary of the Lagos State Scholarship Board, Stephen Oshinowo, diverted the board’s N127 million to his personal use, an EFCC investigator has said.
The Nigeria Economic Summit Group (NESG) has called on the Federal Government to carry out comprehensive study on the workings of cryptocurrencies to check financial excesses.
The Nigerian Export Import Bank (NEXIM) says it has disbursed N68.01 billion to 68 Nigerian entrepreneurs in the the last three years under its Export Development Fund.
The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others.
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the report revealed, process more than $1.9 billion daily.
Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031.
The National Agency for Food and Drug Administration and Control (NAFDAC) has linked the current challenge of internal security within the country to uncontrolled influx and use of psychotropic medicines such as Tramadol and other chemicals.
The Association of Telecommunications Companies in Nigeria, ATCON, says Nigeria requires over N15 trillion to bridge the infrastructure funding gap for the telecom/ICT industry.
Mobile app developer Kosta Eleftheriou has a new calling that goes beyond software development: taking on what he sees as a rampant scam problem ruining the integrity of Apple’s App Store.
Investigations have revealed that, the federal government and the CBN were warned by the United States’ Federal Bureau of Investigation, (FBI), on the activities of fraudsters using cryptocurrencies to bringing into the country hundreds of millions of US Dollars illegally obtained from the USA and other Western economies.
Former Vice President Atiku Abubakar has criticised the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency trading in Nigeria.
Gov. Abdullahi Ganduje of Kano State says the All Progressives Congress (APC) has so far registered about 2.5 million members in the ongoing membership registration/revalidation in the state.
The Niger State Governor, Alhaji Abubakar Sani Bello, has described Nigeria’s Vice-President, Prof. Yemi Osinbajo, as an icon of humility and discipline.
As the world celebrates the International Women’s Day (IWD), the Katsina State chapter of the Nigeria Association of Women Journalists (NAWOJ) has admonished government at all levels to ensure that women are adequately represented in positions of power through gender-balanced appointments.
AGF: Nigerian government to establish specialised courts, judicial divisions on gender-based violence
The Federal Government is working towards the establishment of specialised courts and judicial divisions that will focus on sexual and gender-based violence (GBV).
The event, which was launched virtually, highlighted the ministries, departments and agencies (MDAs), which were compliant in disclosing procurement information as required by the Open Contracting Data Standard (OCDS) on Nigeria’s Open Contracting Portal (NOCOPO).
A land dispute between the family of a Nigerian senator, Enyinnaya Abaribe (PDP/Abia), and the Catholic Diocese of Aba has finally been settled, with the senator handing over the disputed land to the church
Human Rights Watch has released a report saying the first year of the COVID-19 pandemic set off human rights crises worldwide.
Pope Francis left Rome on Friday to start a four-day trip to Iraq, his most risky foreign trip since his election in 2012 and the first visit by a pontiff to the country.
The Bayelsa State Government on Saturday denied allegations that a N3 billion agriculture loan from the Central Bank of Nigeria (CBN) has been diverted by government officials.
Lagos State Governor, Babajide Sanwo-Olu, will commission the 1.4-kilometre Pen Cinema Bridge, Agege on Friday, 5 March 2021.