By Chijama Ogbu I have a problem in the way Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, is going about his allegations of misappropriation against the Nigeria National Petroleum Corporation (NNPC). Allegations or insinuations of fraud is serious matter and must of necessity be so treated. And […]
Frauds & Scandals
Nigeria Banks at Risk From Corporate Governance Issues, S&P Says
Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s. “We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at […]
Document Shows NNPC’s Claims On Kerosene Subsidy A Massive Scam-PREMIUM TIMES
Claims by the Nigerian National Petroleum Corporation, NNPC, that over 80 per cent of the controversial $10.8billion (about N1.728trillion) was used for subsidy on kerosene may have been a scam after all. Multiple confidential memos exclusively obtained by PREMIUM TIMES showed that the purported subsidy on kerosene was actually in […]
