NEWS

Plateau State to spend N600m on Local Government poll

Governor Simon Lalong of Plateau State The Plateau State government will spend about N600 million to conduct local government election. Barrister Yusuf Gambo Hawaja, the Deputy Chief of Staff to the governor of the state, Barrister Simon Lalong, revealed the amount of money over the weekend during a reception organized for those who defected from the Peoples Democratic Movement (PDM) to the ruling All Progressives Congress (APC) in Jos. (more…)

by kenneth 0
NEWS

CBN Moves to Criminalise Possession of Foreign Currency for more than 30 Days without Depositing it in the Bank | Offenders to Face 2 years Imprisonment or pay 20% of Amount Involved

In a document titled “Working Paper” shared to members of the Chartered Institute of Bankers of Nigeria (CIBN), the Central Bank of Nigeria (CBN) is seeking powers to amend the Foreign Exchange, Monitoring and Miscellaneous Exchange Act (FEMM) which was signed into law in 2014 and allows for foreign investors to import and repatriate money to and fro Nigeria freely. (more…)

by kenneth 0
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