ON April 3, armed men from the Federal Operations Unit (FOU), Nigeria Customs Service, (NCS) stormed Lucky Amiwero’s, President, National Council of Managing Directors of Licensed Customs Agent’s (NCMDLCA’s) office, beat him, before he was whisked away to the FOU office in Ikeja, for alleged misinformation.

Managers of First Bank Nigeria (FBN) Plc and Power Holding Company of Nigeria (PHCN) may face contempt charges at the Lagos High Court Igbosere over a dispute arising from breach of contribution in Barge Power Purchase Agreement entered into by PHCN and Lagos State Government in 2000.

Group Managing Director of Union Bank of Nigeria Plc, Mrs Funke Osibodu has called for concerted efforts by banks to make agricultural financing attractive and profitable for shareholders/depositors by focusing on a holistic value chain.

As the Nigeria Stock Exchange, NSE, plans to introduce derivatives trading in the next couple of months, the International Organization of Securities Commissions, IOSCO, has raised concerns on the need for effective regulation of the derivatives market to ensure it does not lead to a crash in the capital market.

Securing convictions in prosecution of money laundering cases is critical to success of measures to fight money laundering and terrorism financing.