Alleged 400m fraud in NNPC Cooperative society: Members demand outcome of EFCC’s investigation
The annual general meeting of the Nigerian National Petroleum Cooperation, NNPC Cooperative Multipurpose Society Limited held at Regency Hall, Ikeja, witnessed a rowdy session, following agitations by members on the outcome of the Economic and Financial Crimes Commission,EFCC investigation of alleged N800 million fraud by the society’s former president.
Insurers pay N100m as fraud claims to 5 banks
The insurance sector paid over N100 million as fraud claims to five banks in 2015.
Adverse tax on dividends scares investors – Anono
The issue is that of multiple taxation on individual investors is worrisome because whenever a company declares dividend, before it gets to you, they will deduct 10 percent withholding tax and this is after the government must have taxed the company’s profit.
Like Lagos Houston flooded
Tropical Storm Harvey caused widespread flooding in Houston, America’s fourth largest city, inundating homes and submerging highways on Sunday as residents hunkered down in anticipation of several more days of “unprecedented” rainfall.
Level of e-payment adoption still low in MfB — MD Alekun MfB
Loan recovery is a big challenge in the microfinance industry because we don’t have the prerequisite data in this sub-sector like in other clime where they have accurate data. With data you can track your loan customers, though the Bank Verification Number (BVN) is trying to help in this regard but as it is, the cost of acquiring the data capturing machine for microfinance banks is high.
Owerri market demolition: No one died, says Okorocha; Lies, my 10-yr-old son is dead – father
OWERRI—Several persons, including the victims of last Saturday’s demolition exercise in Owerri, have condemned the stories put out by Imo State Government and security agencies, to the effect that nobody died in the incident.
FRC, shareholders bicker over waivers
SHAREHOLDERS in the nation’s capital market have taken a swipe on the Financial Reporting Council of Nigeria, FRCN, over alleged waiver fees it places on Chief Finance Officers, CFOs, and audit committee chairmen of quoted companies, who are not members of the Institute of Chartered Accountants of Nigeria, ICAN.
South south/South east governors reaffirm faith in Nigeria’s unity
GOVERNOR Of the South south and south east region have reaffirmed their faith in the unity of the country, promising to promote an indivisible country.
Why Buhari insulted Ojukwu’s memory
Ojukwu stood for Nigeria’s unity based on equity. Otherwise, as he put it: “Let my people go”. That is my stand also, and I believe it is the right thing to ask for. Buhari and those freeloading from the Nigerian oil-fed Commonwealth believe in gunpoint unity: Nigeria is indivisible and indissoluble; any who disagrees will be shot
Before darkness falls
THE one hundred and four days of President THE one hundred and four days of President Muhammadu Buhari’s medical sojourn opened the fault lines of the nation and a clear advertisement that ours is pretending to be a nation.
3 die in Lagos cult war, shops looted, vehicles vandalised
NO fewer than three persons were feared dead, weekend, while scores were injured after suspected cultists stormed Adekunle Street, Oshodi, Lagos, to avenge the attack on one of them.
