Showing posts with label Agencies; Federal Government; Fraud. Show all posts
Showing posts with label Agencies; Federal Government; Fraud. Show all posts

Friday, October 16, 2015

How Agencies Defraud Govt, By Central Bank


CBN Office, Abuja

The Federal Government has uncovered agencies which pay it in naira after collecting revenue in dollar. It has launched a probe into the agencies’ “fraudulent activities”, Cross River State Governor Ben Ayade told reporters yesterday after the National Economic Council (NEC) meeting chaired by Vice President Yemi Osinbajo (SAN). NEC comprises the vice president as chairman; the 36 state governors and the Central Bank of Nigeria (CBN) governor are members.

Some of the agencies, Ayade said, were the Nigerian National Petroleum Corporation (NNPC), Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Ports Authority (NPA).