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CBN To Sanction MFBs, others against late rendition of returns

The Central Bank of Nigeria has indicated that it would sanction development finance institutions (DFIs), primary mortgage banks (PMBs), and microfinance banks (MFBs) in Nigeria over late submission of regulatory returns  through the Financial Institutions Returns Automation (FinA) application. In separate letters to the institutions dated March 5, 2024, the apex bank expressed strong disapproval…

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 ALLEGED N1.2bn FRAUD:Tinubu suspends REA Boss, others

PRESIDENT Bola Tinubu has suspended the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihij, alongside three Executive Directors of the Agency, over N1.2 billion fraud allegation. The President also suspended the Executive Director, Corporate Services, Olaniyi Netufo; Executive Director, Technical Services, Barka Sajou and Executive Director, Rural Electrification Fund, Sa’adatu Balgore. The President’s…

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LASG to sanction Uber for non-adherence to data sharing agreements

Propelled by an unyielding commitment to the safety and security of its residents, and failure to comply with essential data sharing agreement, the Lagos State Government is set to sanction Uber Technologies System Nigeria Limited. Expressing deep dismay at Uber’s continuous defiance of established regulations, particularly regarding critical Application Program Interface (API) integration for enhanced…

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NDLEA Intercepts Vietnam-Bound Businessman

Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a 40-year-old businessman, Ejike Chibuke Solomon with 1.45 kilograms of cocaine concealed in his luggage while attempting to board an Ethiopia Airlines.  NDLEA spokesperson, Femi Babafemi in a statement says Ejike was arrested at the Abuja airport as he was boarding Ethiopian Airline flight number 950…

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Tinubu Signs Agreement in Qatar

President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports….

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