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Included among the conditions of the IMF loan, was a reduction in the number of universities in Nigeria from 28 to 5. [17] In 1992, Sowore led 5,100 students in protest against the Nigerian government. The protest resulted in police opening fire and killing seven protesters. Sowore was arrested and tortured.
Nigeria corruption rating by TI improved from 143rd to the 136th position in 2014. [57] In late 2013, Nigeria's then Central Bank governor Sanusi Lamido Sanusi informed President Goodluck Jonathan that the state oil company, NNPC, had failed to remit US$20 billion in oil revenues owed to the state. Jonathan, however, dismissed the claim and ...
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The loan to value ratio (or LTV) is the size of the loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a down payment of 20% has a loan to value ratio of 80%. For loans made against properties that the borrower already owns, the loan to value ratio will be imputed against the estimated value of ...
Sambo Dasuki, the National Security Adviser who allegedly masterminded the $2 billion arms deal. The $2 billion arms deal, or Dasukigate, [1] is an arms procurement deal in Nigeria that resulted in the embezzlement of $2 billion through the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki, the former National Security Adviser. [2]
In Nigeria, men and women have an equal right to participate in public office, which is guaranteed to them by the constitution. Section 40 of the 1999 Constitution of the Federal Republic of Nigeria bestows upon Nigerian citizens the right to belong to any political party, trade union or any other association for the protection of his interests ...
The company provides housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
President Tinubu on the night of 9 June suspended Godwin Emefiele, the powerful governor of the central bank of Nigeria. [64] Emefiele's suspension was the second ever a head of the apex bank in its history was removed by a Nigerian president. [65] Emefiele was arrested by Nigerian secret police SSS in Lagos attempting to flee the country to ...