The federal government has ordered banks to freeze the accounts of dodgy loan sharks after raiding their offices. The government has also written to Google and Apple to remove loan apps that violate the country’s laws. Specifically, the Federal Competition and Consumer Protection Commission (FCCPC) ordered digital money lenders thatRead More →
More than 200 bank accounts worth nearly $8 million were frozen when the federal government used emergency powers to end a mass occupation of downtown Ottawa. Federal officials report that most of the accounts are in the process of being released, a House committee heard on Tuesday. Isabelle Jacques, assistantRead More →
The federal government has laid out the consequences for those involved in blockades and protests in Canada, including jail time, revoked licenses and even frozen bank accounts. On Feb. 14, Prime Minister Justin Trudeau invoked the Emergencies Act, which his government says will lead to greater consequences for those whoRead More →
The House of Representatives expressed concern over the 45 million accounts that hold funds worth over N1.2 billion. To this end, the House of Representatives Ad Hoc Committee on Unclaimed Funds in Nigerian Commercial Banks and Offenses by the Central Bank of Nigeria has opened an investigation into the matter.Read More →
The boardroom crisis rocking Green Energy International Limited, an oil and gas company, whose chairman is former special adviser to the administration Olusegun Obasanjo, Professor Anthony Adegbulugbe, has taken a new turn. Adegbulugbe was the special advisor on energy in the administration of Olusegun Obasanjo. Recall that the two aggrievedRead More →
From Godwin Tsa, Abuja The legal battle over the ownership of an oil and gas company, Green Energy International Limited involving an aide to former President Olusegun Obasanjo took on another dimension on Thursday before the Abuja Division of the Federal High Court. In a new twist, the company’s aggrievedRead More →