Global banking giant HSBC and UBS, a Swiss private bank, have closed their representative offices in Nigeria. The Central Bank of Nigeria (CBN) announced this in a report on Friday. The post Two global banks close Nigerian offices appeared first on TheCable.
Criminal groups now use sophisticated methods to hide looted funds — GIABA
Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA, said, yesterday, it was worried that organised criminal groups and terrorist organisations have evolved sophisticated methods of channelling illegally acquired funds/property into the formal economy of countries, including Nigeria.
Continue reading Criminal groups now use sophisticated methods to hide looted funds — GIABA at Vanguard News. …
UK repatriates £70m to Nigeria, promises to return more loot
Adelani Adepegba, Abuja United Kingdom said it has repatriated £70 million stolen by an unnamed Nigerian citizen who was convicted in an Italian court. British High Commissioner to Nigeria, Mr Paul Arkwright, who revealed this to reporters in Abuja on Monday, however, declined to disclose the identity of the person involved in the offence. READ […] …
MAP: 13 roads to be reconstructed with recovered loot
PDP to Buhari: Publish beneficiaries of $322m repatriated fund
The Peoples Democratic Party has called on President Buhari to list those that benefitted from the repatriated $322m. It also said that the government should make public, names and photographs of all those involved in the handling of the money. The party said President Buhari should do so to show his transparency as well as to […] …
Switzerland first to repatriate looted funds – Ambassador
As President Muhammadu Buhari’s efforts at repatriating Nigeria’s looted funds from other countries gathers momentum, the Swiss Government has prided itself as the first to repatriate stolen funds from Nigeria. Switzerland’s outgoing Ambassador to Nigeria, Amb. Eric Mayoraz, who made the revelation today in Lagos, said that his government started the repatriation in 2005. Mayoraz, […] …
Buhari not fighting corruption, says Hassan Kukah
Buhari White House Visit: Trump promises speedy release of aircraft
We’ll recover all looted funds, assets, private investigator assures
Private investigator to Special Presidential Panel for the Recovery of Public Property, Evangelist Victor Uwajeh, has promised to recover all looted funds and property, no matter where they are hidden.
The post We’ll recover all looted funds, assets, private investigator assures appeared first on Vanguard News. …
FG clears air on whereabouts of recovered looted funds
The Federal Government has made clarification on the confusion trailing the whereabouts of recovered looted funds, insisting that they were being paid into dedicated accounts with the Central Bank of Nigeria, CBN.
The post FG clears air on whereabouts of recovered looted funds appeared first on Vanguard News. …