Finance articles

Breaking: EFCC arrests former Senate President Pius Anyim

Breaking: EFCC arrests former Senate President Pius Anyim

The Economic and Financial Crimes Commission (EFCC) has arrested the former Secretary to the Government of the Federation, SGF, Chief Pius Anyim.   Ayim was arrested by the EFCC for his alleged involvement in the Centenary City fraud in Abuja.   Reports have it that for Senate President, Anyim has been detained and presently undergoing

Court Reverses Decision To Freeze Accounts Without BVN

A Federal High Court judge in Abuja who granted an order for bank accounts not linked to Bank Verification Numbers (BVNs) to be frozen has reversed his decision. Justice Nnamdi Dimgba explained that he later learned that his October 17 order created an “awkward and unfortunate result.” The reversal means that those who have not

Reps probe non release of N1.1trn federal varsities intervention fund

The House of Representatives on Thursday resolved to investigate the non-release of the balance of N1.1 trillion National Economic Empowerment Strategy (NEEDS) intervention funds to federal universities in the country. The House then mandated its Committee on Tertiary Education and Services, to investigate the matter, and report back within four weeks. The House resolution followed

BREAKING: Inflation declines for consecutive months to 15.91% – NBS

The National Bureau of Statistics on Wednesday released the Consumer Price Index  which measures inflation with the index dropping year-on-year from 15.98 per cent in September to 15.91 per cent in October. The bureau in the report which was made available to our correspondent said this is the ninth consecutive month since January this year that

House of Reps Spits Fire, Tasks EFCC To Fish Out Maina

The House of Representatives has written the Acting Chairman of the Economic and Financial Crimes  Commission (EFCC) Mr. Ibrahim Magu to arrest and prosecute the former Chairman of the Pension Reform Task Team, Mr. Abdulrasheed Maina. The decision of the Representatives was conveyed in a letter through the Clerk  to the National Assembly, Mr. M.

Senate to publish names of companies in alleged N30trn scam

The Senate says it is set to publish names of companies found culpable in investigation into alleged N30 trillion revenue scam in the import and export value chain. Sen. Hope Uzodinma, Chairman of the Joint Committee on Customs, Excise and Tariff and Marine Transport, made this known in an interview with newsmen on Sunday. He