Nigeria’s state oil firm has denied an allegation by the central bank chief that it has failed to account for at least $20bn (£12.2bn) of oil revenues. Lamido Sanusi told a senate committee on Tuesday that out of $67bn of oil sold between January 2012 and July 2013, $20bn was […]
Tag: President Goodluck Jonathan
Wonder Bank: SEC Seals-Off 32 State Offices of New Nation
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Wednesday announced it has sealed off 32 offices of New Nation a wonder bank. SEC in a Statement by Yakubu Olaleye, head of media and made available to InvestAdvocate in Lagos Nigeria said in an unprecedented clampdown, the commission […]
CBN Awards N9.5bn Contract to Bankrupt Firm
Apex bank defends contract award Dermalog, the company which the Central Bank of Nigeria (CBN) gave the nod to install a biometric payment system for Nigerian banks is bankrupt, investigations have revealed. The German firm went into voluntary liquidation in 2012 and was technically broke at home (in Europe) at […]
