accounts

Blocking Bank Accounts Of 200 Public Officers

The focus on the fight against corruption by the Buhari administration appears to have been further dramatised by a recent pronouncement by the Code of Conduct Bureau (CCB) on plans to block the bank accounts of certain senior public sector officials. The pronouncement by the CCB came during a recent Special Town Hall meeting organised by the Ministry of Information and Culture in collaboration with the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Ministry of Justice, the Nigerian Police Force and the CCB. According to the disclosure, the CCB has

Saraki: Nigeria Accounts For 70% Trade In Gulf Of Guinea

The Minister of State for Transportation, Senator Gbemisola Saraki has disclosed that Nigeria is a destination of choice in terms of maritime trade as 70 percent of the Gulf of Guinea trade takes place in Nigeria.

The minister said the country is always open to new ideas and new ways of improving services to its citizens, saying Nigeria is tackling the challenges through proactive environmental friendly policies.

She made the disclosure at a meeting with a trade mission from the Kingdom of Belgium on Friday, citing the World Bank report on Ease of Doing Business to justify the progress the …

Facebook Wipes Billions Of Fake Accounts

Facebook on Wednesday said it has taken down some 5.4 billion fake accounts this year in a sign of the persistent battle on social media against manipulation and misinformation.

Amid growing efforts to create fraudulent accounts, Facebook said it has stepped up its defenses and often removes the accounts within minutes of being created.

“We have improved our ability to detect and block attempts to create fake, abusive accounts,” the internet firm said in its latest transparency report.

“We can estimate that every day, we prevent millions of attempts to create fake accounts using these detection systems.”

Google To Offer Checking Accounts For Consumers – WSJ

 Alphabet Inc’s Google will offer checking accounts to customers starting next year in a finance push, the Wall Street Journal reported on Wednesday.

The project, named Cache, will have accounts by Citigroup Inc and a credit union at Stanford University, according to the report.

“Our approach is going to be to partner deeply with banks and the financial system,” Caesar Sengupta, general manager and vice-president of payments at Google, told the Journal in an interview.

Read Also: Why Slash On Data Subscription Rate May Take Time

“It may be the slightly longer path, but it’s more sustainable,” Sengupta was quoted …

Trump govt. to divert $40m in aid to Venezuela's opposition

Trump sues banks to stop Congress probing his accounts

US President Donald Trump, along with his family and businesses, on Monday sued Deutsche Bank and Capital One in an attempt to stop them from complying with Congressional subpoenas issued as part of a probe into foreign political influence.

The subpoenas — which the Trumps described in their suit as “intrusive and overboard” — were issued to several banks by the Democratic-majority House’s intelligence and financial services committees, which are looking into the president’s finances as part of a larger probe into election meddling by Russia.

The lawsuit is the latest step in Trump’s fightback against the Democrats, and alleges …

BREAKING Appeal Court faults order used to dismiss Onnoghen

Onnoghen: I didn’t confess to hiding my bank accounts

The Code of Conduct Tribunal (CCT) has scheduled judgment for Thursday in the trial of the suspended Chief Justice of Nigeria (CJN) Walter Onnoghen.

Onnoghen is being tried on a six-count charge in which he is accused of breaching the Code of Conduct for public officers by allegedly making false declaration of assets and also failing to declare some.

He denied confessing to hiding his bank accounts. The prosecution insisted that his guilt had been proven.

CCT’s Chairman Danladi Umar announced the judgment date yesterday after lawyers to the prosecution and defence adopted their final written addresses.

Umar said the

₦23bn accrues to FIRS from taxes on corporate accounts

The Federal Inland Revenue Service (FIRS) has generated over ₦23 billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts, which was marked by the imposition of restriction on the accounts of tax-defaulting organisations. This was disclosed in Lagos yesterday by the FIRS Chairman, Mr. Babatunde Fowler.

The FIRS boss made the disclosure at the Manufacturers Association of Nigeria (MAN) Interactive Forum on Tax Matters.

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