Fraudulent Deals: AfDB Debars China Zhonghao

May 16, 2020 309

Breaking News Corporate Governance

The African Development Bank ( AfDB) has debarred China Zhonghao Limited, a Chinese construction company with a lot of interest on the African continent from bidding for construction contracts financed by the bank,May 14. This follows an indictment of China Zhonghao for fraudulently misrepresenting its year of incorporation, value of its reference contracts and cognate Continue Reading

West African Regulators Issue Guidelines For Cross Border Fixed Income Securities

April 20, 2020 286

Banking & Finance Corporate Governance

The Securities and Exchange Commission SEC, Nigeria on behalf of West African Securities Regulators Association, WASRA has released the guidelines for the issuance of cross-border fixed income securities in West African sub region, April 15,2020. SEC said that the WASRA guidelines which have been issued as a policy document would set the rules for any […]Continue Reading

TA Associates Acquire Minority Equity In Interswitch

March 7, 2017 303

Banking & Finance Corporate Governance

TA Associates, a leading global growth private equity firm, today announced it has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company. Financial terms of the transaction were not disclosed. Helios Investment Partners will remain the majority shareholder of Interswitch,Fintech Africa reports. Founded in Continue Reading

‘Shettima’ Abba Gana —The Return of A Corporate Con Artist?

December 13, 2016 873

Corporate Governance

      Umar Abba Gana By Sanya Ademiluyi, editor One of the country’s most infamous corporate con artists is back. Shockingly, this time, he is at the head of the country’s critical revenue agency, the Federal Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC. He is Shettima Abba Gana, currently the acting Executive Chairman of […]Continue Reading

Buhari Presents N7Trillion Budget Wednesday

December 9, 2016 267

Breaking News Corporate Governance

President Buhari Dr Saraki,senate president By Sanya Ademiluyi President Muhammadu Buhari will present 2017 budget on Wednesday, December, 14,2016 following a request to the National Assembly for that date. The budget is supposed to be a departure from this year’s budget which was mired in controversy for several months early this year. The President is […]Continue Reading

Leave FRC and Obazee Alone

December 4, 2016 281

Corporate Governance

Obazee A Nigerian non-governmental organization, INFORMATION FOR DEMOCRACY AND DEVELOPMENT (IDD) has strongly denounced recent media attacks against the Financial Reporting Council of Nigeria ,FRC and its current Executive Secretary/CEO, Mr Jim Obazee.IDD said in a statement released to the press last week described the attacks “as unwarranted.” It said that:” As keen Continue Reading