Despite the pressure faced by the naira at other segments of the forex market in September, the traditional intervention of the Central Bank of Nigeria (CBN) at its regulated Wholesale Dutch Auction System (WDAS) during the month helped to stabilise the naira. However, from today, the WDAS will no longer […]
Tag: EFCC
Ibori gave me $15m bribe in bag -Ribadu
Desperate to halt a probe into his finances, former Delta State Governor James Ibori tried to bribe anti-corruption boss Nuhu Ribadu in 2007 with $15m in cash in a bag so heavy one man alone could not lift it, Ribadu told a London court on Thursday. Reuters quoted Ribadu as […]
Utomi, EFCC disagree over 2007 campaign funding
Former Chairman of Bank PHB (now Keystone Bank), Prof. Pat Utomi, and the Economic and Financial Crimes Commission on Tuesday disagreed over the funding of his 2007 presidential campaign. The EFCC, through its counsel, Mr. Kemi Pinhero(SAN), said the defunct PHB had granted a N2.7bn loan to Baywood Continental Limited, […]
