Crime Facts

CBN directs banks to close accounts of cryptocurrency traders

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This is according to a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday. In January 2017, CBN had said digital currencies such […]

Host communities fight at Reps hearing on PIB

A fight has broken out at the ongoing public hearing organised by the House of Representatives on the Petroleum Industry Bill as members of the host communities engage in physical combat. The fight broke out when the Host Communities of Nigeria Producing Oil and Gas was called to the podium to make a presentation . […]

Buhari directs strict compliance with tax payment by companies

President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria. He gave the directive while speaking at the virtual First National Tax Dialogue at the Conference Hall of the State House, […]

Shell sells stake in Nigerian oil block for $533m

The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 per cent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure to TNOG Oil and Gas Limited for a consideration of $533m, the Punch reports. The oil major said in a statement […]