Group urges EFCC to investigate alleged $1.5m crude oil supply fraud

The Nigerian Accountability and Leadership Alliance (NALA) has urged the Economic and Financial Crimes Commission (EFCC) and the Nigeria Police Force to investigate alleged $1.5 million crude oil supply fraud involving some top officials in the oil sector. Speaking during a protest in Abuja, the spokesperson of the group, Comrade Lion Agorry, said the EFCC […]
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Troops kill 2 Boko Haram commanders, 8 others

Troops of Operation HADIN KAI (OPHK), operating under Operation DESERT SANITY V, have neutralized two senior Boko Haram/ISWAP commanders and eight other terrorists in the Sambisa Forest and Mandara Mountains near the Cameroon border.

FCC chair pledges reforms, moves against job racketeering

By Favour Ulebor, Abuja The newly appointed Executive Chairman of the Federal Character Commission, FCC, Hulayat Motunrayo Omidiran, has pledged to pursue institutional reforms and move decisively against job racketeering, as part of efforts to restore fairness and equity in the implementation of the Federal Character principle. Omidiran stated this on Thursday in Abuja during […]

Banks, fintechs facilitate N162bn crypto, N18.7bn scam — EFCC

The Economic and Financial Crimes Commission (EFCC) has uncovered widespread compromise within Nigeria’s financial system, revealing that commercial banks, fintech companies and microfinance banks facilitated the movement of N162 billion in cryptocurrency transactions and N18.7 billion in fraud proceeds without due diligence, facilitating scams that affected more than 900,000 Nigerians.

Accounting Risk Gains Attention as Investors Rethink Earnings Quality

By Rasheed Sobowale As global capital markets continue to experience earnings volatility and abrupt valuation adjustments, analysts and investors are increasingly turning their attention to a less visible but influential factor: accounting judgment and financial statement risk. Recent commentary by accounting and investment analysis professionals suggests that many earnings surprises stem not from unexpected economic […]

Vanguard Detty December

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