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Diversion of 60% of $1 billion foreign loans obtained from the Chinese by the Ministry of Finance [71] Enormous scam in weapons and defence procurements, and misuse of 3 trillion naira defence budget since 2011 under the guise of fighting Boko Haram [72] Diversion of $2.2 million vaccination medicine fund, by Ministry of Health [73]
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), [2] which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. [1] The agency has its head office in Abuja, Nigeria. The EFCC was also set up to ...
[1] [2] A whistle-blower who provides information about any financial mismanagement or tip about any stolen funds to the ministry's portal is rewarded or entitled to 2.5%–5% of the recovered funds by the Nigerian government. The policy was launched on December 21, 2016 by Nigeria's Federal Government and facilitated through the Federal ...
ABUJA (Reuters) -Nigeria fined Meta Platforms $220 million, its competition watchdog said on Friday, after investigations showed data-sharing on social platforms violated local consumer, data ...
Cabinet of Nigeria: 2023–present: Date formed: 16 August 2023 () People and organisations ... Portfolio Minister Took office Left office Party The Presidency ...
Nigeria Investment Promotion Commission (NIPC) Nigerian Export - Import Bank (NEXIM Bank) Nigerian Export Promotion Council (NEPC) Oil and Gas Free Zones Authority (OGFZA) Nigeria Export Processing Zones Authority (NEPZA) Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Securities and Exchange Commission (SEC)
Here's the latest on the investigation into Naussany Investments, which attempted to sell Elvis' Graceland estate, and emails from alleged scammer.
At the request of former Nigerian President Olusegun Obasanjo, the Economic and Financial Crimes Commission was created by the Nigerian Parliament in 2002. [13] In February 2004, Amaka Anajemba, Emmanuel Nwude, Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe (Christian Anajemba was deceased at this point), were all arrested and charged in the Abuja High Court with 86 counts of "fraudulently ...