The Golden Eaglets Sunday got off to a winning start in the African U17 Championship after they defeated hosts Niger 2-0

Striker Victor Osimhen gave the Nigeria U17s the lead after 18 minutes, before skipper Kelechi Nwakali doubled the advantage two minutes later through a free kick goal.

Transparency International, TI, has advocated a crackdown on money launderers and the banks that aid them in the illicit funds transfers across the globe. A statement by TI yesterday challenged national authorities and their security agencies to halt money laundering which deny citizens the much-needed resources for national development. According to the global anti-graft body, national judicial processes are often inadequate in tackling money laundering as those indicted are often given light sentences.

Seplat Petroleum Development Co., a Nigerian oil producer that bought assets from Chevron Corp., plans to defer some oil investments while expanding gas output to survive low crude prices, company Chairman Ambroise Orjiako said.

“The report of the 14 Nigerian banks which were appointed as Asset Managers of Nigeria’s reserves was carried on the back page of The Guardian Newspaper of the 5th of October 2006. The report confirmed that “already deposits worth $7bn representing part of the Central Bank of Nigeria’s share of foreign reserves estimated at about $38bn had been released to the consortium of bankers”, according to CBN’s Head of Corporate Affairs, Mr. Festus Odoko.

The Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM) will collaborate for better enforcement against insurance companies that misappropriate funds raised from the capital market. This disclosure was made by the Acting Director General of SEC, Mr. Mounir Gwarzo, who hosted the Management of NAICOM on a courtesy visit at his office in Abuja.