(July 25, 2002) An Abuja High Court yesterday granted bail to son of late Head of State, Gen. Sani Abacha, in the case of theft and receiving stolen property.
Union leader says privatization being ‘manipulated’ by World Bank, IMF
(July 22, 2002) Nigeria Labour Congress (NLC) has said the ongoing privatization programme is increasingly unfolding a different President Olusegun Obasanjo from the nationalist Obasanjo they knew before he became president.
The Canadian challenge
(July 19, 2002) Acres International responds to Probe International’s June 27, article, "The Canadian connection." Acres’ says its case highlights the risks Canadian companies face in developing countries, and the need to ensure they receive due process.
Corruption: Good lessons from Zambia
(July 18, 2002) On Tuesday parliament lifted the immunity enjoyed by former president Frederick Chiluba, who now faces possible prosecution for corruption.
419: CBN goes tough on banks as IMF blacklists Abuja
(July 18, 2002) The Central Bank (CBN) has read the riot act to banks on the transfer of ill-gotten money from abroad, and warned that they (banks) would be made to pay any money transferred through them by advance fee fraudster, better known as 419.
IMF: Government releases monitoring benchmarks
(July 17, 2002) The Federal Government yesterday in Abuja released the elements of the home-gown economic programme to be monitored by the International Monetary Fund (IMF).
Government fiscal operations in N221.1bn deficit
(July 17, 2002) Public debt stand at N4.193 trillion, external debt $28.4bn.
Government blacklists bank over EU funds
(July 17, 2002) Irked by the financial pranks of one of the banks which was entrusted with the safe keeping of the 20 million Euros, the Federal Government has announced the blacklisting of the unnamed bank from further receiving any Euro funds on its behalf.
Financial crimes: CBN threatens to sanction banks
(July 17, 2002) Against the backdrop of money laundering, forgeries, advance fee fraud and other financial crimes, the Central Bank of Nigeria has threatened to sanction any Nigerian bank that is used to transact such fraudulent transactions.
Supreme Court issues warrant for Abacha’s release – Swiss regulator blames UBS over loot
(July 16, 2002) An Abuja High Court yesterday adjourned the case againstMohammed Abacha to July 29 while the Swiss authorities reprimanded yesterday the country’s largest bank, UBS, on account of the discovery of $60 million in an account linked to the Abachas.
Abacha loot: Swiss bank censured
(July 16, 2002) The Swiss Federal Banking Commission, yesterday reprimanded the country’s largest bank, UBS, following the discovery of $60 million in an account linked to the family of the late Head of State, Gen. Sani Abacha earlier this year.
UBS reprimanded over money linked to Abacha
(July 15, 2002) Banking regulators have ordered an on-site audit of UBS after Switzerland’s largest bank was reprimanded for its handling of funds possibly linked to Sani Abacha, the former Nigerian dictator.
Police may arraign Mohammed Abacha on fresh charges today
(July 15, 2002) Abacha who is being detained at the Kuje Medium Prison, Abuja, according to sources, may be arraigned today at an Abuja Federal High Court, to face charges slammed on him over alleged financial crimes committed during the reign of his father.
There’s money in horror
(July 12, 2002) ‘Some call me the devil,” proclaims Ed Fagan delightedly. “I’m not the devil — but I can be,” says Fagan. “The devil’s a guy who does a job and gets a bad rap.”
Women take over ChevronTexaco facility in Nigeria demanding jobs for sons
(July 11, 2002) About 150 women demanding jobs for their sons have occupied a ChevronTexaco oil terminal in Nigeria, preventing 700 workers, including Americans, Canadians and Britons, from leaving.
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