February 29, 2016/The Will A group, Consumer Advocacy Foundation of Nigeria (CAFON), is leading the protest to boycott banking activities on Tuesday, to protest alleged exorbitant deductions and unnecessary bank charges. According to reports gathered by THEWILL, the not-for-profit group, dedicated to advocacy for consumer rights and protection has declared […]
Frauds & Scandals
Ghost workers: FG saves N2.29bn monthly, says minister
February 29, 2016/Punch The Federal Government said on Sunday that the removal of 23,846 non-existing workers from its payroll had led to a monthly reduction of N2.29bn in its salary bill. It stated that through the ongoing Bank Verification Number-based staff audit and enrolment to the Integrated Payroll and Personnel […]
Forex scarcity: Banks in multi-million-dollar racketeering
February 13, 2016/Punch Commercial banks in the country are raking in millions of dollars from a foreign exchange racketeering which has been fuelled by the acute shortage of hard currency in the economy, investigation by the Saturday PUNCH has revealed. The Central Bank of Nigeria has been rationing forex to […]
