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Olayemi Cardoso of CBN

List of 29 CBN Departments: 24 Remain In Abuja, 5 Moved To Lagos

The decision by Nigeria’s apex bank to relocate five of its departments from Abuja to Lagos in the middle of January 2024 sparked considerable uproar. Some Northern politicians and groups went so far as to threaten that such a move could have political implications for President Bola Tinubu’s second-term ambition. An internal memo obtained by

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List of Payments Into Personal Accounts of Government Officials Between 2019-2022

Every year, billions of Naira find their way from Nigeria’s government accounts into personal accounts of senior officials of Federal Ministries, Departments, and Agencies (MDAs). Most of the transactions have vague descriptions, for instance, in a transaction to one Ayodele Elizabeth, the description was not specific, it only says, “…allowances to the Hon Minister”. The name of

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This screenshot shows the e-auction portal of the nigeria customs service where seized vehicle and products are sold

How To Bid On The E-auction Portal of Nigeria Customs Service

The Nigeria Customs Service (NCS) unveiled its revamped e-auction platform on Tuesday, January 16, 2024, for interested Nigerians to place bid on the available seized goods. It says italigns with its efficiency and fairness strategic move in the newly enacted Nigeria Customs Service Act, 2023. Auctioning is a way of decongesting the Nigerian ports and warehouses across the country.

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This photos shows a group of dancers of the National Troupe of Nigeria, an agency of the Federal Ministry of Art, Culture, and Creative Economy

Agencies of Federal Ministry of Art, Culture, and Creative Economy in Nigeria

The Federal Ministry of Art, Culture, and Creative Economy (FMACCE) was carved out of the old Federal Ministry of Information and Culture, following the decision of President Bola Tinubu to create more federal ministries. Who is the Minister of the Ministry of Art, Culture, and Creative Economy? On August 21, 2023, Hannatu Musa Musawa was announced as the

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Can Government Money Be Paid Into Private Accounts?

Section 713 of Nigeria’s Financial Regulations is very clear on this: Funds in government accounts cannot be transferred into personal accounts. The revelations about the financial transactions and dealings of the Ministry of Humanitarian Affairs and Poverty Alleviation in recent times indicate that billions of naira were deposited into private accounts of individuals within the

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this photo shows the head office of SMEDAN in Abuja, Nigeria

44 SMEDAN Offices in Nigeria

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has its headquarters in Abuja, six zonal offices, and 36 state branch offices spread across Nigeria. The agency is set up to look into the affairs of MSMEs operating in Nigeria and empower them to contribute to macroeconomic activities. It does this by also issuing free e-copy

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Functions of SCUML, Its Establishment, and Purpose

What is SCUML? SCUML means Special Control Unit against Money Laundering which is designed for Designated Non-Financial Institutions (DNFIs) or Designated Non-Financial Businesses and Professions (DNFBPs) for them to declare financial transactions from their customers which involves cash in excess of NGN10,000 (for limited liabilities) or excess of NGN5,000,000 (for business name). What are DNIs?

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