June 26, 2019/AfDB The African Development Bank Group has blacklisted Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for fraudulent contract bidding, the Bank announced on Wednesday. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that the company misrepresented […]
Frauds & Scandals
Lagos, Eleven Other States Refuse to Publish 2019 Budget Despite World Bank’s N228.7 Billion Incentive — BudgIT
June 25, 2019/BudgIT Twelve of Nigerian state governments have proved that the returns from the usual business of budget secrecy are much more fulfilling to them than the $750million incentive provided by the World Bank to encourage public finance transparency in Nigeria, BudgIT research has shown. An 8-month painstaking effort, […]
SEC Vs Oando: Court adjourns to July 22
June 25, 2019/SEC A Federal High Court sitting in Lagos has adjourned till fixed July 22 for the hearing of the substantive suit brought by two chief executive officers of Oando Plc, seeking enforcement of their rights. The court also fixed July 4th to hear arguments on the motion for […]
