Author: InvestAdvocate

AGF threatens bank over illegal COT deductions

  Jun 20, 2010 By Tordue Salem    The Accountant-General of the Federation, AGF, has threatened to shut the accounts of the Ministry of Commerce at an unnamed bank, if an illegal Commission on Turnover,COT allegedly deducted by the bank was not refunded in 48 hours.   According to the […]

Global crunch: World Bank’s African action plan underway

  FRIDAY, 18 JUNE 2010 FROM , ABUJA   Drawing from the issues and lessons arising from the recent global economic crisis, the World Bank Group is reviewing its action plan for Africa. A new action plan for the continent that would take into cognisance post global crunch realities is […]

Afribank shareholders want preliminary objection heard alongside substantive suit

  Jun 18, 2010 By Innocent Anaba Afribank Nigeria Plc and its shareholders have asked a Federal High Court sitting in Lagos, to hear the preliminary objections raised by Central Bank of Nigeria, CBN, and others alongside their substantive suit, challenging the dissolution of the bank’s board without giving them  […]