The Federal Government and the State Security Service have accused the suspended Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi, of financing terrorism. They made the allegation in counter-affidavits they deposed to before a Federal High Court which is hearing a suit instituted by Sanusi. The ex-CBN chief […]
Frauds & Scandals
Nigeria loses $155bn to money laundering, fraud – Report
The President, Lagos Chamber of Commerce and Industry, Mr. Ismail Bello, says a recent report indicated that Nigeria had lost $155bn to money laundering and other illegal outflows. This, he said, represented 19 per cent of the total of $854bn outflow from Africa to the developed economies. He spoke at […]
As NEITI Clarifies Report On Crude Swap Arrangement, Nigeria’s TALEVERAS Cautions Media Against Sensationalism And Inaccurate Reporting
The management of TALEVERAS has reacted to an erroneous news report in a Nigerian news daily of March 25, 2014, which wrongly published that the Nigerian Extractive Industries Transparency Initiative (NEITI) credited the group with 152,308,878 litres of undelivered gasoline under the federal government’s Crude Oil Swap Arrangement whereas what […]
