Corruption: Osibnajo Waves Immunity, Says He's Ready For Investigation

Following media reports accusing the Vice President, Prof. Yemi Osinbajo of corruption, regarding the alleged mismanagement of over N90bn purportedly received from the Federal Inland Revenue Services for the prosecution of the general elections as well as the management of the Social Intervention Programme Funds, the Vice President has offered to waive his immunity to allow for an investigation.

Payment Of New Deposit/Withdrawal Charges Optional - CBN

The Central Bank of Nigeria (CBN) says the newly introduced controversial charges on bank deposits were optional. The apex bank also said that charges on withdrawals from banks were optional for individuals and businesses. The CBN made the clarification on its verified/official Twitter handle Sunday morning. 

Fight Against Corruption Not Selective - Magu

The Acting Chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has dispelled media reports that ongoing fight against corruption in the country was selective and targeted at opposition elements.

$9.6bn P&ID Judgment: Senate Summons AGF, Others

The Nigerian Senate has summoned the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, over a verdict by a British Commercial Court, which on August 16 awarded judgment in the sum of $9.6bn against Nigeria over a failed contract between P&ID and the Federal Ministry of Petroleum Resources in 2010.

Mr. Godwin Emiefele, the Governor of the Central Bank of Nigeria (CBN) has hinted Nigerians on Why the apex bank increased its Value Added Tax (VAT) from 5% to 7.5%, saying the decision was to improve on the countries revenue generation.

We Are Ready To Work With Nigeria On Power Sector Reform – World Bank

The World Bank Group said on Monday that it is ready to work with the Nigerian government to revamp its power sector. This was disclosed by the World Bank’s Senior Communications Office in Nigeria, on Monday in Abuja, following a meeting with the International Finance Corporation.

Full Rehabilitation Of All Refineries To Commence January 2020 – GMD NNPC

The Nigerian National Petroleum Corporation, NNPC, on Saturday expressed optimism that the nation’s refineries, located in Port Harcourt, Warri and Kaduna, will roar to life and commence refining of crude oil at optimum capacity before 2022.

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