The World Bank has appointed Mr. Shubham Chaudhuri as the new country Director for Nigeria to take over from Mr Rachid Benmessoud whom his term expired recently.
President Buhari has disclosed that effort to repatriate another trench of $300 million Abacha loot from the United State government has reached an advance stage. Buhari said a memorandum of understanding (MOU) would be ratified by both countries to return the stashed money back to Nigeria. The $300 million was traced to bank accounts in the U.S. and Jersey, an island infamous for its negligent tax avoidance policy.
The Central Bank of Nigeria says it is creating huge opportunities for creative Nigerians youths to access credits and bank loans to enable them to grow their various businesses. The CBN Governor, Godwin Emefiele who stated this yesterday, at the Creative Nigeria Summit, assured youths in the creative industry that they will benefit from a N22 billion intervention fund set aside to support the struggle to reposition the economy and diversify it.
The Federal Government has assured Nigerians that its social intervention funds have not been mismanaged. A press release on Wednesday by the National Social Investment Office (NSIO), explained that the funding and disbursement of its resources had always been done by the Ministry of Budget and National Planning.
The Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (rtd) had on Thursday, 26th September, 2019 disclosed that Nigerian borders' closure would last until the protocols on movement of goods and persons as established by the Economic Community of West African States (ECOWAS) are strictly adhered to by the neighboring countries.