Fraud & Scandals

N1tn spent illegally on kerosene subsidy –Tambuwal

The  Speaker of the House of Representatives, Mr. Aminu Tambuwal, said on Tuesday that available records indicated that the Federal Government spent over N1tn  on kerosene subsidy between 2010 and 2013. Tambuwal said in spite of the expenditure not having the approval of the National Assembly, the product was not […]

Ecobank CEO May Quit After Request From Executives, DaMina Says

Ecobank Transnational Inc. (ETI) Chief Executive Officer Thierry Tanoh may quit next month after reports that senior executives called for him to step down, DaMina Advisors LLP said. Tanoh may resign at an extraordinary shareholder meeting that Ecobank is holding on March 3 to adopt a plan for recommendations on […]

Alleged missing money and Sanusi’s inconsistencies

By Chijama Ogbu I have a problem in the way Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, is going about his allegations of misappropriation against the Nigeria National Petroleum Corporation (NNPC). Allegations or insinuations of fraud is serious matter and must of necessity be so treated. And […]