Author Archive

CBN dismisses reports of nonacceptance of foreign currency cash deposits by DMBs

by Seun Adeuyion February 22, 2020
The Central Bank of Nigeria (CBN) has described as false the report that it has prohibited the acceptance of foreign currency deposits by DMBs. The apex bank via a statement issued on Twitter pointed out that “only transfers into domiciliary accounts can be transferred from such accounts while cash deposits into such accounts can only […]

EXPLAINED: How regime agreed to pay APC gov $110m from Abacha Loot

by Seun Adeuyion February 22, 2020
The Regime agreed to pay Abubakar Bagudu, governor of Kebbi state, $110 million out of the recovered Abacha Loot for his “peaceful enjoyment”, according to a court document obtained by TheCable. The payment was part of an agreement which the Buhari administration entered into with Bagudu in 2018 to allow the repatriation of $157.5 million laundered […]

Katsina attack victims recount ordeal, explain how bandits killed, burnt children, elderly

by Seun Adeuyion February 22, 2020
The day started off well like any other for her, her daughter and granddaughter. It, however, would be one of the most horrific days of her life. Looking lost and forlorn, with no hope of what the future held for her, Hajiya Hadiza Mohammad had lost everything just in a twinkle of an eye.  She […]