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FG Takes MTN, Top Executives To Court Over Alleged Information Hoarding

The Federal Government has taken legal action against MTN Nigeria Communications Plc and three of its senior executives for allegedly failing to provide information requested by the Federal Competition and Consumer Protection Commission (FCCPC). Among others indicted alongside MTN in the criminal proceedings before the Federal High Court in Abuja are the company’s Managing Director and CEO, Karl Toriola; Chief Corporate Services Officer, Tobechukwu Okigbo; and General Manager, Regulatory Affairs, Ikenna Ikeme. The two-count charge...

CBN Act: Senate holds emergency plenary, approves FG’s request

The Senate of the Federal Republic of Nigeria held an emergency plenary on Saturday, presided over by Senate President Dr Ahmad Ibrahim Lawan. The plenary voted to amend the Central Bank of Nigeria Act, increasing advances from 5% to 15%. Senator Gobir Ibrahim Abdullahi of the Sokoto East Senatorial District, who sponsored the bill, stated that the bill to amend the CBN Act was first read on Wednesday, May 24, 2023. He explained that the...

FG approves N180 million for PSTT to combat corruption at Nigerian seaports

According to the Federal Ministry of Transportation, N180 million has been approved for the Port Standing Task Team (PSTT) to fight corruption and prevent other maritime crimes at the nation’s seaports. Dr. Magdalene Ajani, Permanent Secretary of the Ministry, stated this at the 3rd roundtable on Maritime Sector Reforms: “Consolidating the Gains,” held in Lagos on Wednesday. The roundtable was organized by the Maritime Anti-Corruption Network (MACN) and the Convention on Business Integrity (CBI). Ajani...

FG reacts to ASUU’s arbitration request May 11

The Federal Government notified the National Industrial Court on Wednesday of its decision to formally respond to the Academic Staff Union of Universities (ASUU) request for arbitration by May 11. ASUU sued the Minister of Labour and Employment as well as the Registrar of Trade Unions (RTU). The lawsuit challenges the Federal Government’s alleged threat to revoke ASUU’s certificate of registration for failing to submit annual financial returns and audited accounts for nearly ten years....