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EFCC traces N200m to Prisons accountant

EFCC traces N200m to Prisons accountant

The Economic and Financial Crimes Commission, EFCC, has arrested the head of Capital Accounts at the Nigerian Prisons Service, NPS, Abuja, for alleged corruption, money laundering and abuse of public office.
Imaobong Akon Esu-Nte, a level 14 officer, who is on secondment to the NPS from the Federal Ministry of Finance, was picked up by the operatives of the EFCC, Tuesday, and grilled for several hours over the huge amount of money found in companies’ accounts all traced to her.

Let’s fight our common enemies, Sultan urges

Let’s fight our common enemies, Sultan urges

The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, yesterday, called on Nigerians to unite and fight the common enemies of the nation, saying it did not include shedding of human blood.

Banks witness low patronage as govt offices remain shut in FCT

Banks witness low patronage as govt offices remain shut in FCT

Most commercial banks in the Federal Capital Territory (FCT) witnessed low patronage of customers due to the directive of the Federal Government’s to close government offices and schools. However, most customers were not sure that the banks would be opened for business, following the Federal Government’s directive.

Weak corporate governance threatens bank examination

Weak corporate governance threatens bank examination

Nigeria Deposit Insurance Corporation (NDIC) has identified weak corporate governance and inadequate implementation of risk based supervision (RBS) strategies as major threats to effective bank examination in the country.

Fayemi’s other side, by Opeyemi Bamidele

Fayemi’s other side, by Opeyemi Bamidele

MIchael Opeyemi Bamidele, erstwhile Commissioner for Information and Strategy in Lagos State, Special Adviser to Governor Ahmed Tinubu and once a darling of the Asiwaju crowd is today on the other side, flying the kite of Labour Party in next month’s gubernatorial election.

Pension assets safe, PenCom reassures

Pension assets safe, PenCom reassures

NATIONAL Pension Commission, PenCoM, has dismissed reports that accumulated Pension fund of over N4trillion is under threat because of alleged pull out of Contributory Pension Scheme, CPS, by the Nigeria Police Force, NPF, saying such report is not only unfounded, but also a factual error capable of misleading the general public.

IOCs to divest $11.5bn assests  — Alison-Madueke

IOCs to divest $11.5bn assests — Alison-Madueke

Houston (Texas)— Nigeria’s Petroleum Minister, Mrs Diezani Alison Madueke, has said that the total value of assets divested by the International Oil Companies, IOCs, operating in the country is estimated to worth about $11.5 billion by year end.