money

Nigeria Has Borrowed More Money In The Last Three Years

October 16, 2019 3:32 am

• Economy, population growing at different directions

At current debt levels of over ₦25 trillion, it means that Nigeria has borrowed in three years more than it borrowed in 30 years previously, and the country to remain peaceful and get the economy working better, it must return to the basics of federalism, as the foundation of her national enterprise.

A former Chief Executive Officer, Nigeria Economic Summit Group (NESG), Prof. Anya O. Anya, who stated this, noted that the political challenge is how to operationalise Chapter II of the Constitution, as the fundamental objectives and directive principles of state …

Mobile money agent rapes co-worker to death in Ogun

September 26, 2019 12:42 am

A mobile money agent, Eniola Adenuga, yesterday narrated to newsmen why and how he raped his female co-worker, Faith Jude, to death in their office around Lafenwa area of Abeokuta, Ogun State.

Adenuga said the girl just joined the company and he quickly picked a love interest in her. He lamented that despite having made countless advances to her with promises of treating her fine, she refused to accept his offer for a romantic relationship.

He added that as the affection for her kept building up, he contemplated seeking to have his way by force and an opportunity provided …

CBN reveals $14.2bn capital flows to Nigeria in five Months

CBN denies trending ‘stolen, missing money’ story

May 12, 2019 5:08 pm

There is no money missing or stolen from the Central Bank of Nigeria’s coffers as reported in some section of the media, the bank’s spokesman Isaac Okoroafor said.

Okoroafor, the Director Corporate Communications, made the refutal in a statement on Sunday while reacting to a recent article and audio clips in which the CBN Governor and other senior officials were heard discussing discrepancies in the bank’s accounts.

Okoroafor said that the audio was distorted in a manner which creates a different impression of the matter being discussed, which was to proffer solutions to a misunderstanding that affected the Bank’s balance

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Atiku’s son-in-law arrested over money Laundering – EFCC

March 4, 2019 2:21 pm

The Economic and Financial Crimes Commission (EFCC) said Monday that Alhaji Babalele Abdullahi, the son-in-law of the defeated Peoples Democratic Party’s (PDP) presidential candidate, Atiku Abubakar, was being detained over alleged money laundering amounting to €150 million.