Day: May 24, 2023

BENEFICIAL OWNERSHIP REGISTER: World Bank describes Nigeria as Shining Example for African countries

Emporium Reporters

The World Bank has lauded Nigeria’s efforts towards building a Beneficial Ownership Register (BOR) in line with global best practice as worthy of emulation by other African countries. Stakeholders including Stephen R Davenport, Global Lead, Governance Global Practice, World Bank gave this verdict Wednesday 24th May,2023 in Abuja at the International Peer Learning Workshop on the Use of Beneficial Ownership Information and the Launch of Nigeria’s Open Register of Beneficial Ownership of Companies and Entities. The workshop organized by the Corporate Affairs Commission (CAC) in collaboration with the World Bank…

Reappoint Rabiu Olowo as Finance Commissioner , Group appeals to Gov Babajide Sanwo-olu

Emporium Reporters

By ABUBAKAR YUSUF.     A group called ‘New Lagos’ has appealed to Governor Babajide Olusola Sanwo-olu to reappoint the immediate past Commissioner for finance Lagos state, Dr Rabiu Onaolapo Olowo to ensure continuity and policy direction.   According to the spokesman of the group , Mallam Yusuf Abubakar said the need for his reapportionment was based on his track records of achievements and purely on merit.   He said the former commissioner for finance in Lagos state had in the last four years moved the revenue profile of the…

JUST IN: CBN revokes licences of 179 Microfinance Banks ,others (Full List)

Emporium Reporters

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 179 microfinance banks in the country.   This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday, May 23, 2023.   According to the gazette, the licences of the financial institutions were revoked because they ceased to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months.   The banks also failed to fulfil or…

Ekiti ,Ondo Communities agog,As OSSAP-SDGs unveils Hospital, Other Projects

Emporium Reporters

Several communities in both Ekiti and Ondo states were agog over the weekend as the Office of the Senior Special Assistant to the President on Sustainable Development Goals, OSSAP-SDGs commissioned a hospital in Ilawe Ekiti while it commissioned a Civic Centre in Ile-Oluji, Okeigbo LGA and Innovation Hub in Igbara Oke, Ifedore LGA both of Ondo State. While speaking at the commissioning, Senior Special Assistant to the President on Sustainable Development on Sustainable Development Goals, OSSAP-SDGs, Princess Adejoke Orelope-Adefulire, noted that the projects underlines the commitment of the Federal Government…