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Nigeria:
FRC Lacks Power to Investigate Sanusi - Court
Daily Trust, 12 May 2014
A Lagos Federal High Court, Monday upheld the suit of the former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi challenging the power of the Financial… Read more »
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Nigeria:
Sanusi Floors Nigerian Government As Court Rules Against FRCN
Premium Times, 12 May 2014
A Federal High Court in Lagos has barred the Financial Reporting Council of Nigeria, FRCN, from investigating Lamido Sanusi, the suspended governor of Central Bank of Nigeria, CBN. Read more »
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Nigeria:
How Sanusi Floored Nigerian Government, FRCN in Court
Premium Times, 12 May 2014
A Federal High Court in Lagos, Monday, barred the Financial Reporting Council of Nigeria, FRCN, from investigating Lamido Sanusi, the suspended governor of Central Bank of Nigeria,… Read more »
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Nigeria:
Missing U.S.$20 Billion - FG Appoint PriceWaterhouseCoopers to Audit NNPC
Daily Trust, 10 May 2014
Minister of Finance, Dr. Ngozi Okonjo-Iweala, announced on Thursday that the accounting firm - PriceWaterhouseCoopers (PwC) has been appointed to carry out the audit exercise on… Read more »
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Nigeria:
Sanusi Explains Funds Spent On Varsities, Polytechnics
Daily Trust, 12 May 2014
Suspended Governor of Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, at the weekend faulted the financial recklessness allegation against him, adding that contradictory… Read more »
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Nigeria:
CBN Spent Only N56 Billion On Varsities, Poly - Sanusi Lamido
Leadership, 10 May 2014
Suspended Central Bank Governor, Malam Sanusi Lamido, has revealed that he only expended the sum of N56 billion as intervention fund for the provision of infrastructure at 27… Read more »
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Nigeria:
PWC, Auditor General Need 16 Weeks to Account for Oil Revenue
This Day, 9 May 2014
PricewaterhouseCoopers (PWC) and the Auditor-General of the Federation (AGF) will need 12 to 16 weeks to "clarify" what happened to the unaccounted for billions of dollars of oil… Read more »
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Nigeria:
FG to Unravel Missing U.S.$20 Billion Fund in Four Months
Vanguard, 9 May 2014
ABUJA--Indications emerged, yesterday, at the World Economic Forum Africa that the Federal Government and auditors investigating NNPC accounts will, in the next 16 weeks, make… Read more »
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Nigeria:
Government Names Firm for NNPC's Forensic Audit
Premium Times, 8 May 2014
After months of agitation by Nigerians, the Federal Government on Thursday named the firm appointed to handle the forensic audit of the accounts and activities of the Nigerian… Read more »
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Nigeria:
Oil Funds to Be Accounted for in 16 Weeks - - FG
Vanguard, 8 May 2014
PricewaterhouseCoopers LLP and Nigeria's government auditor will need 12 to 16 weeks to "clarify" what happened to billions of dollars of oil revenue alleged to be missing, Finance… Read more »
