Lottery commission threatens to arrest, revoke licences of erring operators
In a move to tackle challenges of dwindling revenue, the Director-General, National Lottery Regulatory Commission (NLRC) Lanre Gbajabiamila has asked all erring lottery operators to defray all debts owed to the Federal Government or face stiff sanctions which may include revocation of licenses, as well as arrests and prosecution.
APC, PDP bicker over alleged plot to empty treasury for polls
The All Progressives Congress (APC) has accused Governor Seriake Dickson of trying to empty Bayelsa State’s treasury to prosecute the November 16 governorship campaign.
Senators disagree on LG autonomy, suggest ways out
The conspiracy of the political elite to stifle the third tier of government system for their selfish interests has had its toll on developments at the grassroots level for years.
Senate, presidency clash looms over projects’ probe
As the Senate resumes a new legislative session today following its nine-week recess, it could be embroiled in a face-off with the executive arm of government over alleged attempts by some anti-graft...
NFIU clarifies request for account details of politically exposed persons
The Nigerian Financial Intelligence Unit (NFIU) yesterday confirmed that it actually has a tab on all politically exposed persons (PEPs’) banking transactions within and outside the country.
NFIU directs banks to provide account details of judges, NASS members
In a letter dated September 10, 2019, the NFIU said the information being sought include account names and numbers of the officials. The Nigerian Financial Intelligence Unit (NFIU) has requested banks to forward the account details of all legislative and judiciary officials in the country.
NFIU to sack NGOs, foreign firms financing terrorism, others
Nigerian Financial Intelligence Unit (NFIU) has commenced series of activities to check crime and fraud, particularly by Non-Governmental Organisations (NGOs) and foreign firms operating in the country.
Why fight against money laundering, terrorism is low in West Africa, NFIU boss
The fight against money laundering and counter terrorism financing has remained low in West Africa due to weak governance structure, poor institutional framework...