Financial

Alleged N41bn Fraud: Sen. Ayo Akinyelure Statement on Tony Elumelu is False, Malicious – Legal Team

UBA Logo

The legal team of the former Managing Director of the United Bank for Africa, Mr Tony Elumelu has debunked allegations by the Senate Committee Chairman on Ethics, Privileges and Public Petitions, Senator Ayo Akinyelure who indicted Mr Elumelu of N41bn Telecommunications company and National Carrier, fraud, theft. Akinyelure had alleged that the N41billion fraud was committed against the defunct National ...

Read More »

Atiku Endorses Okonjo-Iweala for WTO Job

Atiku Endorses Okonjo-Iweala for WTO Job 1

Former Vice President Atiku Abubakar and former finance minister, Dr. Ngozi Okonjo-Iweala. Former Vice President Atiku Abubakar has endorsed Dr. Ngozi Okonjo Iweala for the post of Director-General of the World Trade Organisation. Dr. Okonjo-Iweala’s “experience and the enormous related works she has done confirms without equivocation that her leadership shall be a blessing to the WTO and the world,” ...

Read More »

IMF Executive Board Approves Financial Year 2021-FY 2023 Medium-Term Budget

IMF Logo

On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2021, beginning May 1, 2020, and took note of indicative budgets for FY 2022–23. The budget is set amidst extraordinary uncertainty related to the COVID-19 outbreak, which will have a significant impact on Fund operations in ...

Read More »

How Forensic Auditor’s Petition to EFCC Exposed Guaranty Trust Bank’s IGR Scam

GTBank

By NGIJ team of Oluwasegun Abifarin and Olawale Abideen Guaranty Trust Bank plc prides itself as the foremost “Financial Institution built on a foundation of excellence, professionalism and best practices Its Orange rule philosophy is also anchored on “Professionalism, Service, Friendliness, Excellence, and Trustworthiness.” But recent development is threatening the bank’s virtue and reputation which has produced ₦3.287Trillion asset base ...

Read More »

Why FG’s Explanations On Delayed Evacuation of Trapped Nigerians Overseas Not Acceptable – CLO

Geoffrey Onyeama on evacuation

…Says Action Further Explains Government’s Insensitivity to Citizens’ Welfare The Civil Liberties Organisation (CLO) is in custody of explanations offered by the Minister of Foreign Affairs, Mr. Geoffrey Onyeama, on why the Federal Government of Nigeria (FGN) has not effected the evacuation trapped Nigerians in foreign lands in the wake of the COVID-19 lockdown, world wide. The Executive Director, CLO, ...

Read More »

A MUST READ: CBN Alerts Nigerians, Reveals Latest COVID-19 Cyber Fraud

Godwin Emefiele CBN Governor Cyber fraud

…Outlines COVID-19 Cyber Fraud Schemes Used by Cyber Criminals By James Ezema Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has alerted Nigerian residents of cyber fraud, revealing that cyber-criminals are taking advantage of the current “COVID-19” pandemic to “defraud citizens, steal sensitive information, or gain unauthorized access to computers or mobile devices using various techniques.” The Director of ...

Read More »