The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has lamented that only about 5% of Nigerians have more than N500,000 in their bank accounts. Edun said it is not acceptable that the wealth of the nation is concentrated in the hands of a few while the majority languish in poverty. Speaking…
The Labour Party’s 2023 presidential candidate, Peter Obi, has criticized the Economic and Financial Crimes Commission (EFCC) for conducting raids on Bureau De Change operators in Nigeria’s major cities, claiming that the President Tinubu-led government is ill-advised. Obi who made the disclosure in a statement on his official X account on Sunday said the recent…
The economic and financial crimes commission (efcc) has arraigned former governor of Anambra state, Willie obiano, on nine counts of alleged n4bn fraud during his time as governor of the south-east state from March 2014 to march 2022. The 68-year-old was arraigned on Wednesday before justice inyang ekwo of the federal high court Abuja. Obiano…
Obiano Barring last-minute change of plan, the Economic and Financial Crimes Commission (EFCC) will arraign the immediate-past governor of Anambra State, Willie Obiano, on Wednesday, January 23, before Justice Inyang Ekwo of the Federal High Court, Abuja, over alleged money laundering to the tune of N4,008,573,350.According to a source, who spoke to LEADERSHIP on Tuesday,…
In a remarkable show of patriotism and dedication, Mr. Femi Otedola fulfilled his promise by donating a generous sum of 1 billion Naira to the Lagos State Security Trust Fund. This substantial contribution will have a profound impact on enhancing safety and security measures for the people of Lagos. The donation comes as a significant…
The World Bank has approved the disbursement $800 million for the National Social Safety Net Program-Scale Up in Nigeria. The bank has already disbursed approximately $299.99 million, representing about 37.5% of the total loan amount. The remaining balance is approximately $442.88 million. The National Social Safety Net Program-Scale Up is a conditional cash transfer initiative…
A nongovernmental Organisation The Lift Above Poverty Organization (LAPO) has reiterated the position of the Federal Ministry of Budget and National Economic Planning that the private sector is critical to driving the economic growth and overall development of Nigeria. The organization stressed the need for sustained partnership with the private sector to drive the development…
