Nigeria: Who is Operating the Illegal Foreign Account?
It is being reported that the Central Bank of Nigeria is responsible for the controversial off-shore U.S. account with J.P. Morgan into which billions of dollars in oil monies is being deposited.
-
Nigeria: NNPC - CBN Opened JP Morgan Account for U.S. in 2002
Daily Trust, 3 July 2012
The Central Bank of Nigeria (CBN) opened the controversial secret account for the Nigerian National Petroleum Corporation (NNPC) with an American bank J.P. Morgan account in the ... read more »
-
Nigeria: NNPC Denies Operating JP Morgan Account
Daily Trust, 3 July 2012
The NNPC has denied operating a JP Morgan account and says it only operates a domiciliary account with the apex bank. read more »
-
Nigeria: Is NNPC Operating an Illegal Foreign Account? (editorial)
Leadership, 3 July 2012
The recent disclosure at the joint sitting of the Senate committees on Petroleum Resources (Downstream), Appropriation and Finance that the Nigerian National Petroleum Corporation, ... read more »
-
Nigeria: Govt Accused of Operating Illegal Foreign Account
Daily Trust, 3 July 2012
An account opened by Nigerian officials with an American bank J.P. Morgan into which billions of dollars oil monies are being paid over the years is raising dust at a Senate ... read more »
-
Nigeria: Okonjo-Iweala - Federal Government Paid N2,19 Trillion As Subsidy in 2011-2012
This Day, 3 July 2012
The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, Monday disclosed that the Federal Government has so far paid N2.19 trillion between 2011 ... read more »
-
Nigeria: N2.19 Trillion Spent On Fuel Subsidy Last Year - FG
Vanguard, 3 July 2012
Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, told the Senate, yesterday, that the Federal Government spent a total of N2.19 trillion on ... read more »
-
Nigeria: Firm Denies Allegation of Illegal Subsidy Collection
This Day, 3 July 2012
Integrated Oil and Gas Limited has denied allegations of illegal collection of subsidies as contained in the report of the Federal Government Technical Committee on Payment of Fuel ... read more »
-
Nigeria: How They Shared Subsidy Money (Two)
Vanguard, 3 July 2012
The AIG Imoukhuede-led committee report: How they shared subsidy money (2) read more »
-
Nigeria: Oil Subsidy - Banks Disown N12,2 Billion Claims By Marketers
Vanguard, 3 July 2012
The federal Government committee on fuel subsidy verification has discovered that eight oil marketers in identified 13 transactions made total subsidy claims of N12.154 billion for ... read more »
-
Nigeria: Okonjo-Iweala Puts 2011 Subsidy Payment At N2.19 Trillion
Daily Trust, 3 July 2012
The Federal Government has paid N2.19 trillion for fuel subsidy for the year 2011, Finance Minister Ngozi Okonjo-Iweala has said. read more »
-
Nigeria: Corruption in Fuel Subsidy Administration - the Guilty Will Not Go Unpunished - President Jonathan
Nigeria First, 2 July 2012
The Presidency has noted with concern recent reports, comments and agitations aimed at creating the totally false impression that the Jonathan Administration is not doing enough to ... read more »
-
Nigeria: Confusion Trails Fresh N1.3 Trillion Fuel Subsidy Payments
Leadership, 3 July 2012
A fresh confusion involving trillions of naira spent on the infamous fuel subsidy emerged yesterday over the amount actually expended and the period covered by the payments. read more »
Comments Post a comment
This is amazing that not only Nigeria's elite are illegally investing the nation's money, but they would choose JP Morgan to do business with. JP Morgan just lost $2 billion back in May of depositor's money. JP Morgan is one of the six mega banks that have played the derivatives game back in 2007-08 and caused the financial crisis. Let's not forget that Muammar Qaddafi shortly before he was overthrown invested $30 billion of Libya's money with Goldman Sachs which is another mega bank. He ended up losing most of the money due to the bank once again playing the derivatives game with Libyan money. Why should I be surprised when our finance minister and trade minister for that matter are bankers. There is a new global crisis brewing and Nigeria is being set up for its greatest economic depression in its history as well as the world and our technocratic 'leaders' are driving us into it. While this is happening, the society has fun dividing and murdering one another over ethnicity and religious affiliation.