August 17, 2016/FBN Holdings Plc In view of the media story making the rounds on the NPA funds allegedly concealed in the Bank, the Management wishes to clarify that following the Federal Government of Nigeria’s directive on the implementation of the Treasury Single Account (TSA) and the subsequent CBN’s directive […]
Frauds & Scandals
Fraud: How First Bank, Heritage, FCMB Allegedly Concealed Billions Of NPA Funds
August 15, 2016/The Will The management of the Nigerian Ports Authority (NPA) says it has uncovered fraud totalling N11.23 billion at the agency lodged in three deposit money banks in the country. Reports indicate that the Managing Director, Hadiza Bala Usman, since assumption of duties, on July 18, has been […]
World Bank delaying return of $321m Abacha loot — Switzerland
August 14, 2016/Punch Adelani Adepegba The repatriation of the $321m looted by late Gen. Sani Abacha may not be done anytime soon as the Swiss government says the World Bank has to finalise the projects to be executed with the money by the Federal Government. The Swiss government explained that […]
