ATM Robber Confesses, Says We Work with Bankers

March 5, 2014 | konknaijaboy

He actually started as a common thief within his locality, Ijebu-Igbo, in Ogun State, South-West Nigeria. Time came when he graduated from petty stealing to home jacking (burglary). Record shows that he was first caught in 2011 by the Police … Read More

Court Restrains SSS, Police, Others From Arresting Sanusi

February 22, 2014 | konknaijaboy

A Federal High Court in Lagos Friday issued a restraining order on the Attorney-General of the Federation, Inspector-General of Police and State Security Service, their privies or any other law enforcement agencies of the Federal Government “from infringing on the … Read More

FG Investigates MTN, Stanbic IBTC over Money Laundering Scam

February 7, 2014 | konknaijaboy

The Presidency has ordered an inquest into the money laundry scam involving telecom giant, MTN and Stanbic IBTC in which billions of dollars were salted away from the country. A Nigerian newspaper, National Daily, noted for its brand of fearless … Read More

Kwankwaso To Presidency: Stop Harassing, Embarrassing Sanusi Over ‘Missing’ Oil Funds

January 20, 2014 | konknaijaboy

Governor Rabi’u Musa Kwankwaso of Kano State has warned the presidency against further harassment and embarrassment of Governor of the Central Bank of Nigeria, CBN, Malam Sanusi Lamido Sanusi over the alleged missing $10.8 billion crude oil funds.

Speaking at … Read More

Sanusi mistaken, no missing $50 billion anywhere – NNPC

December 11, 2013 | konknaijaboy

The Nigerian National Petroleum Corporation has refuted claims by the Central Bank Governor, Mallam Lamido Sanusi that $50 billion crude oil proceeds was not paid to the Federation Account.

According to its statement titled “Non-Remittance of $49.8bn: NNPC Refutes CBN … Read More

Banks On The Edge Of Severe Liquidity Crisis Due To CBN Policies

October 24, 2013 | konknaijaboy

Following the Central Bank of Nigeria’s decision to impose 50 per cent cash reserve requirement (CRR) on public sector deposits, banks in the country seem to be facing a severe liquidity crisis. 

Recent data show that bank, discount houses … Read More