$13.9bn transfer: Senate summons MTN, banks

The Senate has summoned the management of MTN Limited, their bankers and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act.
They are to appear before the Senate Committee on Banking, Insurance and Other Financial Institutions next week.
The Senate had begun a probe into the allegation that MTN repatriated a total sum of $13.9bn from Nigeria to other countries between 2006 and 2016.
Details later…

Comments

Post a Comment

Popular posts from this blog

Ways real estate investors can find motivated sellers

Image
A motivated seller is a person or a company that is eager to sell a property and willing to provide buyers with some incentives. The incentives that a motivated seller is willing to provide include discounting the price of the property; agreeing to flexible payment terms; providing the buyer with the support needed to secure a mortgage or a loan; and giving concessions on other cost items in the transaction. A motivated seller makes a transaction easy and seamless. With a motivated seller, it is easier to move from negotiation to closing. There are some people who view those who buy from a motivated seller as people taking advantage of someone in need. These categories of people do not see the connection between the buyer and the seller as a win-win affair. They see it as a one-sided, winner takes all affair; but this is not the case. Infact, if we take an objective look at this scenario, we will discover that the buyer is actually a God-sent to the seller. Both par...
Read more

Tight security as Abia council polls hold today

Image
The Commissioner of Police in Abia State, Mr. Adeleye Oyebade, has said the State Police command will provide adequate security across the seventeen local government areas of the State to ensure a smooth conduct of the local government election today. He stated that the Nigerian constitution guarantees that there must be adequate security during elections at the local councils because the people at the grassroots were involved. Oyebade who spoke during a press conference with senior Police officers in Umuahia, the State Capital, pointed out that the command had mapped out its operational plans to secure the State during and after the election. He explained that leaders of various political parties in the State have been briefed regarding the conduct of their candidates and the electorate on the election day. He said, “Every credible election must be well planned, because proper planning prevents poor performance. So those of us that are stakeholders in the State h...
Read more

Confusion As ‘Cross Of Jesus’ Is Sighted In Nasarawa Mosque

Image
Residents of Assakio Development Area in Lafia, Nasarawa State were thrown into confusion on Saturday following the sudden appearance of a strange cross five feet away from a central mosque in the community. The mysterious sighting attracted a mammoth crowd from Assakio and its environs with many praying for forgiveness and blessings. Our correspondent observed that the illuminated cross was projected on to the ground. A 15 year-old-girl, Hajara Hussaini, in an interview with SUNDAY PUNCH, said she first sighted the sign of a cross at about 8pm on Wednesday. Hussaini, who said she had been sent on an errand by her parents, explained that when she saw a strange light, she as gripped by fear and rushed back home to alert her mother, Matan Liman. Confirming the incident to journalists, Matan said she had sent her daughter to visit her grandmother. The middle-aged woman added that her daughter saw the crucifix while returning from the errand. The Chief Imam of Assakio ...
Read more