The Central Bank of Nigeria has moved against money laundering and terrorism financing activities believed to be going on at the Deposit Money Banks and discount houses. As such, the central bank in a circular to banks has directed banks and discount houses violating its anti-money laundering and terrorism financing […]

… Recommends Quick Passage Of PIB The Senate Committee on Finance which investigated the NNPC over allegations of fraud leveled against it by the suspended Governor of the Central Bank, Mallam Lamido Sanusi, Wednesday submitted its report to the Senate saying no funds were missing. Sanusi had spuriously claimed in […]

A Federal High Court in Abuja on Monday rejected the application by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to restrain the House of Representatives from probing the allegation that she spent N10bn on a chartered aircraft. Counsel for Alison-Madueke and the Nigerian National Petroleum Corporation, Mr. Etigwe Uwa […]