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Showing posts with the label Finance

Sierra Leone Anti-Corruption Commission Recovers 8.6billion Leone From Ministry - Foreign Affairs - Nairaland

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  Sierra Leone Anti-Corruption Commission Recovers 8.6billion Leone From Ministry - Foreign Affairs - Nairaland Sierra Leone's Anti-Corruption Commission (ACC) Displays 8.6 Billion Leones Recovered in Corruption Probe Involving Ministry of Finance and SLRA Staff 24 January, 2024 In a noteworthy development, the Anti-Corruption Commission (ACC) disclosed the recovery of a sum of 8.6 billion old Leones during a press briefing. This marks a pivotal milestone in an alleged corruption case involving personnel from the Ministry of Finance and the Sierra Leone Roads Authority (SLRA). During the briefing, the Commissioner highlighted the scale of the recovery, describing it as a substantial amount embezzled by individuals under investigation at the SLRA. Six individuals implicated in the case openly admitted to their involvement in the embezzlement and voluntarily reimbursed the state while under detention pending further investigations. The Commissioner stated, “It’s indeed a sea of money...

Just In: President Tinubu signs N28.7 trillion 2024 budget into law

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 Just In: President Tinubu signs N28.7 trillion 2024 budget into law President Bola Tinubu has signed the N28.7 trillion 2024 Budget into law He assented to the 2024 Appropriation Bill at a brief ceremony at the Presidential Villa in Abuja on Monday Among those with the President while he signed were the President of the Senate, Senator Godswill Akpabio & the Speaker of the House of Representatives, Hon Tajudeen Abbas The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Minister of Budget & Economic Planning, Atiku Abubakar; the National Security Adviser (NSA), Nuhu Ribadu were on hand as well, among others Tinubu signed the budget hours after he arrived in Abuja from Lagos where he spent the past week holidaying. The 2024 budget is N1.2 trillion higher than the budget he proposed to a joint session of the National Assembly on November 29, 2023 On December 29th, 2023, the Senate increased the 2024 budget by N1.2tn, moving the budget from N27.5tn to N...

Bride sells out N3.6 million worth Aso ebi to her 60 friends only to relocate to Canada before wedding, story trends

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  Bride sells out N3.6 million worth Aso ebi to her 60 friends only to relocate to Canada before wedding, story trends A lady, who lied about her wedding has  relocated to Canada   after scamming her friends of expensive  Aso ebi , worth N3.6 million. The story was shared on X page with handle, @AkiMarlin, and it tells how the supposed bride asked 60 friends to pay N50k each for traditional attire and an additional N10k for a fancy hand fan.  Surprisingly, when the friends arrived at the wedding venue, the bride was nowhere to be found. They later found out that there was no wedding after news got to them that the lady, who is said to be a vendor in Imo had flew into Canada, leaving her friends in devastating state. The story reads, “So this lady sold Asoebi to about 60 of her friends for 50k each &hand fan 10k. As a man, you are fit enough to get married if you earn up to N50K monthly – Finance manager asserts (Video) January 26, 2024 “She gave bridal loca...

Louis Vuitton owner, Bernard Arnault overtakes Elon musk as the world's richest man.

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  Louis Vuitton owner, Bernard Arnault overtakes Elon musk as the world's richest man. Twitter and Tesla owner, Elon Musk has lost his place as the richest man in the world to Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH. Forbes revealed this on Wednesday after Musk experienced a sharp drop in the value of his stake due to the recent purchase of Twitter to the tune of $44 billion. Musk sold stocks in his electric-car company in order to fund the acquisition of the social media company. Despite Musk’s net worth dropping below $200 billion earlier on November 8, he still remains number two on Forbes’ billionaire list with a personal value worth of $185.4 billion. Arnault’s wealth is worth $185.8. The 73-year-old French man is a business magnate whose headquarters is based in Paris, France. https://newlive.vanguardngr.com/2022/12/elon-musk-loses-worlds-richest-spot-to-louis-vuitton-owner-bernard-arnault/

Prince Harry and Meghan Markle respond to divorce rumors with smiles and hand-holding

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  Prince Harry and Meghan Markle respond to divorce rumors with smiles and hand-holding Made a public appearance in Santa Barbara, California. Meghan Markle and Prince Harry have responded to divorce rumors with a gesture, as they made a public appearance in Santa Barbara, California. The couple left an office building together, hand in hand, accompanied by what appeared to be a bodyguard. Prince Harry and Meghan Markle respond to the divorce rumors There have been various rumors swirling around in recent weeks suggesting that Prince Harry and Meghan Markle are unhappy and that a divorce could even be on the cards. However, the couple wanted to make clear that this is untrue, affectionately holding hands when photographed by paparazzi in Santa Barbara, California, on Friday. Prince Harry and Meghan Markle's media career This outing follows the termination of their 20 million dollar deal with Spotify, which came after just one season of Meghan's podcast 'Archetypes'. The...

Imploded Titanic Submarine Seen For First Time As Pieces Are Recovered - Travel - Nairaland

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  Imploded Titanic Submarine Seen For First Time As Pieces Are Recovered - Travel - Nairaland Imploded Titanic submarine seen for first time as pieces recovered from sea floor The Titan’s wreckage was seen for the first time in pictures taken on Wednesday, more than a week after it imploded in the depths of the Atlantic Debris from the Titan was brought ashore by deep-sea robots on Wednesday as the US Coast Guard continues recovery operations following the sub’s catastrophic implosion. The Titan’s wreckage was seen for the first time in pictures after the Coast Guard announced on 22 June that ROVs (remotely-operated vehicles) found its chambers in a sea of debris 1,600ft from the bow of the Titanic, roughly 12,000ft below the ocean surface. Pelagic Research Services, the company that operated the ROV that made the previous debris findings, said on Wednesday that its team had successfully completed off-shore operations and was now in the process of demobilisation after 10 days of wo...

Subsidy removal: FG saves N400bn in four weeks. - Punch news online

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  Subsidy removal: FG saves N400bn in four weeks. - Punch news online The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated that there was a high possibility for the cost of petrol to rise in July, going by the recent floating of the naira against the United States dollar by the Federal Government. The Central Bank of Nigeria unified the country’s exchange rates into the Investors and Exporters window on June 14, 2023, allowing market forces to determine the exchange rate. Operators in the downstream oil sector told our correspondent on Tuesday that going by the revelation of the Nigerian National Petroleum Company Limted as regards the amount being spent previously on subsidy every month, Nigeria had now saved hundreds of billions after halting the subsidy regime in ...

“Let the poor breathe” – Young millionaire flaunts his N74.3 million wristwatch and N26.7 million diamond chain (Video) LIFESTYLE

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  “Let the poor breathe” – Young millionaire flaunts his N74.3 million wristwatch and N26.7 million diamond chain (Video) A self-acclaimed young millionaire, identified as Nedu, has flaunted his N74.3 million wristwatch and his N26.7 diamond neck chain. According to reports, the millionaire owns a fashion line and also showed off the clothes and expensive accessories he wore to an event. In an interview with a popular content creator, Timi Agbaje, the man adorned with a diamond chain and expensive wristwatch said his cap is worth N400,000, N350,000 as the price for his eyeglasses. The young millionaire added that his diamond neck chain is worth $35,000 equivalent to N26,792,500, and his trousers which he described as the cheapest are worth $250 (N191,375). Nedu, the young money bag disclosed that the pair of trousers was a gift from his friend in Dubai. The man further added that he was wearing an N750k shoe. What shocked a lot of people was the price of his wristwatch. He disclose...

How Emefiele Moved Shady ₦400 Billion To Monguno’s Office - Sahara Reporters - Politics - Nairaland

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  How Emefiele Moved Shady ₦400 Billion To Monguno’s Office - Sahara Reporters - Politics - Nairaland The Central Bank of Nigeria (CBN) made multiple transfers totalling $616 million (over N400billion) to the office of the National Security Adviser (NSA) under Major-General Babagana Monguno (retd.) between August 2016 and November 2018 in a rare practice that exposes the opaque dealings of the CBN under recently suspended Governor Godwin Emefiele. Data obtained from the website of the CBN showed that the apex bank started making these transfers to the NSA in August 2016, about a year into the administration of former President Muhammadu Buhari, BusinessDay reports. There was no such transfer made in the years leading up to that, according to CBN data going back to 2004. But since the first transfer was done, the practice continued every month until November 2018. The CBN has not published data on its operations since 2018, and it is, therefore, unclear if the curious payments conti...