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The Financial Reporting Council (FRC) of Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, as the Executive Secretary/Chief ...
The Nigerian Financial Intelligence Unit (NFIU) is the financial intelligence unit of Nigeria, responsible for collecting and analyzing disclosures from reporting organizations, in order to produce financial intelligence to other agencies combating money laundering, terrorism financing, and other financial crimes.
On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Nigerian Minister of Industry, Trade and Investment, Adeniyi Adebayo as the Executive Secretary/Chief Executive Officer of the Financial Reporting Council (FRC) of Nigeria.
The Economic as Financial Crimes Commission launched an application on the 14th of July, 2021 called the "Eagle Eye App". The app was specifically crafted to simplify the process of reporting financial and economic crimes in Nigeria. The application is a clear demonstration of the EFCC's technology-driven efforts to facilitate public interaction.
This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation.
The NDIC is parastatal under the Nigerian Ministry of Finance. The corporation is charged with protecting the banking system from instability occasioned by runs and loss of depositors' confidence. [2] It operates under the Nigeria Deposit Insurance Corporation Act (1990). [3] The NDIC is a member of the Financial Reporting Council of Nigeria. [4]
Other stories published today by HuffPost and ICIJ include an overview detailing the reporting team’s key findings, a look at mass evictions in Ethiopia tied to a World Bank project and an examination of a Peruvian gold mine backed by the bank’s private-sector investment arm. ICIJ and its partners will publish more stories in the coming ...
In August 2010, the federal government approved migration to International Financial Reporting Standards (IFRS) by 2012. [8] In May 2011, Joshua Okeowo, chairman of the Ikeja District of ICAN, said adopting the IFRS would encourage foreign investment in Nigeria and it would also "reduce cash transactions in the economy, thereby reducing the ...