The London Metropolitan Police admitted in open court on the very last day of the assets confiscation trial, today, that they lacked enough evidence to support their allegations of fraud, corruption and money laundering against Chief James Onanefe Ibori, the former Governor of Delta State. However in a most surprising […]
Tag: Corruption
Corruption, insecurity threaten economic growth –Sanusi
The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Tuesday said high level of corruption, insecurity and “mixed signals in power and petroleum reforms†would affect the country’s economic growth. Sanusi said this while addressing journalists shortly after the Monetary Policy Committee’s meeting held at the apex […]
Corruption responsible for high lending rate  Sanusi
The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has defended the high lending rate regime in the banking sector, saying corruption is largely responsible for the development. The CBN, in performing its lender of last resort function, lends to Deposit Money Banks at an interest rate of 12 per […]
