Business

November 28, 2018

Breaking: Presidency vows to recover $7bn CBN bailout to banks

$450m trapped funds: FG, CBN must act now — Travel agencies

Buhari and Emefiele

By Soni Daniel, Abuja

The Presidency on Wednesday vowed to take all necessary measures to recover the $7 billion which the Central Bank of dashed commercial banks in 2006 as bailout cash.

Buhari and Emefiele

The chairman of the Presidential Committee on the Recovery of Public Property, Mr. Okoi Obla-Obono, made the resolve of the government public at a public event organized by some civil society groups on the controversial Oil Prospecting Lease 245 in Abuja.

Obla-Obono also said the federal government was also investigating an unnamed top politician for running 20 companies in a European tax haven so as to evade tax payment to Nigeria.
https://newlive.vanguardngr.com/2018/11/2019-donald-duke-promises-free-tuition-at-all-levels-of-education-if-elected-president/

The presidential aide also disclosed that a leading oil firm that has withheld $1.9 billion oil revenue payment to Nigeria was being investigated and would be sanctioned for economic sabotage.

Details shortly

https://newlive.vanguardngr.com/2018/11/ohaneze-in-cross-river-installs-governor-ayade-eze-igbo/