Month October 2024

EFCC Declares Oil Mogul, Henry Akinduro, Wanted For Fraud

THE Economic and Financial Crimes Commission (EFCC) has declared businessman and oil mogul Bolaji Henry Akinduro wanted for fraud. The declaration was contained in a special circular signed by the agency’s Head of Media and Publicity Department, Dele Oyewale, on…

Guinea Junta Bans Ministers From Travelling Abroad

GUINEA’S military junta leader, General Mamady Doumbouya, has issued a travel ban on government ministers, forbidding any overseas trips without his explicit permission. The order, which came into effect immediately on Thursday, also recalls all ministers currently abroad, instructing them…

IMF Executives Approves Borrowing Costs By 36%

THE Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion dollars annually. A statement, issued by the IMF Press Centre, said this was…