Suspended Governor of the Central Bank of Nigeria (CBN) has revealed his intention to challenge his suspension by President Goodluck Jonathan in court. Speaking in an interview with CNBC Africa while still in Republic of Niger on official assignment, Sanusi explained that he would challenge his suspension, to avoid setting […]
Frauds & Scandals
Nigeria’s SEC Told Ecobank to Reinstate Finance Director
Nigeria’s Securities and Exchange Commission told Ecobank Transnational Inc. (ETI) last month that it should reinstate Laurence do Rego, the former executive director of risk and finance who alleged senior management fraud. “When the news broke we did write to them,” said Obi Adindu, a spokesman for the SEC, referring […]
N1tn spent illegally on kerosene subsidy –Tambuwal
The Speaker of the House of Representatives, Mr. Aminu Tambuwal, said on Tuesday that available records indicated that the Federal Government spent over N1tn on kerosene subsidy between 2010 and 2013. Tambuwal said in spite of the expenditure not having the approval of the National Assembly, the product was not […]
