Sentences with phrase «naira which»
«We urge him to do everything within his power to strengthen Naira which has been facing unprecedented devaluation since its emergence in order to bring the much awaited relief to the people who have been groaning under the yoke of the economic recession.»
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Residents talk about the collapse of the naira, Nigeria's currency, caused by the slump in oil revenues, which are crucial for Africa's biggest economy.
Yakmut who took the action before the appointment of the sports minister had informed journalists that it did not make sense paying Taylor and Campbell a whopping N2 million and N1.5 million naira monthly without them rendering the services for which they were employed.
One of the counts reads: «That you, Mrs. Diezani Allison Madueke (still at large) and Tijani Inda Bashir on or about the 27th day of March, 2015 in Nigeria within the jurisdiction of this Honourable Court directly took possession of the sum of N264, 880,000.00 (Two Hundred and Sixty - four Million, Eight Hundred and Eighty Thousand Naira) which sum you reasonably ought to have known forms part of the proceeds of an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition)(Amendment) Act, 2012 and punishable under Section 15 (3) of the same Act.»
Malami was responding to enquiries about the claim that Buhari's administration had jettisoned the probe into the Halliburton and Siemens corruption scandals, in which Nigeria lost billions of Naira to high - ranking Nigerians who held sway at the time.
This stemmed from a furnished multi-million naira apartment she bought for her at Diamond Estate along Isheri - Igando road including a Salon namely (Viola beauty shop) which he opened for her just by the side of the hotel.
The statement also disclosed that the suspects also robbed the victims with cash in sum of Three Hundred Thousand Naira (# 300,000), stressing that the policemen of the unit have recovered some exhibits from the suspect which include, Arms and ammunition.
Although properties worth millions of Naira were lost in the inferno which concentrated on the ground floor.
You don't throw a man into the can (from which he didn't come out alive), kill his wife by state - sponsored terror, ruin his multi-billion Naira business and throw his family into disarray — just because he won a free election.
The money is part of the sum of two million Naira (N2M) ransom, which the syndicate collected from Ayuba GAMALE, a staff of Industrial Training Fund (ITF), whose two (2) abducted family members were released on 14th March, 2018.
High point of the ceremony was the award of honorary degrees and the foundation stone laying of the proposed site for an ultra-modern medical centre which is estimated at five billion Naira.
It is curious that the chunk of the funds which the state is asking for, over 40 billion Naira, is for the payment of the salaries of Local Government workers.
At the parallel market, the naira, which has been under persistent pressure, closed at 424 to the dollar on Friday.
He held that the company's performance this year was impacted by two major factors of tough economic challenges around consumer spending, which according to him driving consumer preferences towards value brands across the sector as well as the effects of FX policy and Naira devaluation.
«This multi-million naira project which was financed by the European Union (EU) and executed by UNODC, ably supported by Federal Government of Nigeria, comprises 30 pieces of Computer, Scanning Machine, Photocopiers, cooling system, furniture, Internet facilities and other highly sophisticated equipment.
We started by visiting Anioma Petrol Station which was burnt and goods worth millions of naira lost.
No fewer than 4,000 houses were submerged in the 2012 flooding which also destroyed property worth millions of naira.
The singer who was not happy with the situation of the Displaced Persons during the visit noted that the lingering insurgency in the area which left thousands of people dead, millions injured and displaced from their homes with property worth billions of naira destroyed have nothing to do with religion as insinuated, but has do with politics.
On June 20, 2016, the naira was devalued from N285 / $ 1 to N305 / $ 1, which is an increase of seven per cent, but the fixed pump selling price of petrol has not been increased.
This development is coming about eight months after the Muhammadu Buhari - led regime stopped the fuel subsidy, which was costing the government millions of naira being paid monthly to oil marketers importing the product then.
Ibrahim told the court that it was the PW - 1, Nneka Ararume, that sold the $ 1 million to him sometime in December 2014, and asked him to transfer the Naira equivalent which amounted to N183 million to the account of Destra Investment Limited.
He commented on the huge debts running into billions of naira the state has been plunged into, which generated reactions from the incumbent Deputy Governor, Mrs Tomori.
«The SDP as well as many Nigerians were aware that the PDP had a fundraising event prior to the election where billions of naira was donated,» insisting that the PDP, which had ruled Nigeria for 16 years was capable of funding their part of the electoral alliance.
IBB had in 1986 and 1988 initiated SAP which is said to have been responsible for the sliding drift of the naira.
«Metuh said, «Nigerians must insist that the APC declares the source of the billions of naira with which it is sponsoring the negative publications»
Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.
According to Adeosun who wrote in an article by her entitled Nigeria's Economy: The Road to Recovery, which was circulated by her ministry on Thursday, «Our total borrowing expectations are now at 1.8 trillion naira ($ 9.1 billion),»
In count two, the defendant and others at large «Sometime in August 2017, at 1015 hours at Agege, Lagos State in the Ikeja Magisterial District, did fraudulently obtain the sum of One Million Naira only from one Bright Obed (M) on the pretence of soliciting for funds for a bogus orphanage which you falsely held out to be set up by the Deputy Governor of Lagos State, Her Excellency, Dr Idiat Oluranti Adebule and thereby committed an offence contrary to Section 311 (1)(a) of the Criminal Law Cap C17, Vol 3, Laws of Lagos State, 2015.»
Last month President Muhammadu Buhari presented a 2016 budget which states that total spending will be 6.08 trillion naira ($ 30.6 billion) and includes a tripling of capital expenditure to improve rail, road and power networks, reports Reuters.
«Secondly, they want the CBN to fold its arms and allow currency speculators to drive the naira down to a level at which it will be easy for their paymasters to buy up and take control of the Nigerian economy.
The directive which came on the order of the state owned university's Vice Chancellor, Professor Igbekele Ajibefun is expected to accrue a sum of 350 million naira from the students numbering about 14,000.
«Let them challenge the verdict of a competent court of our land which recently ordered the permanent forfeiture of property and billions of naira in cash belonging to Diezani Alison - Madueke (former minister of petroleum resources).
It insisted that Fayose must explain to the EFCC how he misappropriated the balance of the bailout, including the World Bank's grants in dollars for core subjects and rural postings allowance, which he changed to naira and allegedly kept a part totaling over N600m to himself.
The petitioner alleged that the suspect, Barrister Akpan sold a filing station (Tripple Tower Petroleum Resources) to him for Twenty million Naira, which he paid in two installments.
We also know that the fall of the price of oil, which is a global problem, is also responsible for the fall of the naira.
«Some of the other wasteful expenses include a sum of over N10m spent on the building of a website called O - JOB Portal, as well as several millions of naira on the maintenance of an aircraft which is hardly seen in Osun State.
He added that of the N6.3 bn spent in the office of the governor, which comprises the Governor, Deputy Governor, Secretary to the State Government, and Chief of Staff, the sum of N5.05 bn (Five billion and fifty million naira) was spent in the office of the Governor alone.
«That you, Yusuf Gyang Pam, whilst being a cashier at the Office of the Secretary to the Plateau State Government on 11th July, 2014 in Jos, within the jurisdiction of this Honourable Court, used your office as cashier at the Office of Secretary to the Plateau State Government to confer corrupt advantage upon yourself by making a cash lodgment of the sum of N10, 000,000 (Ten Million Naira) into your personal account with Zenith Bank and which sum was derived from the account of Plateau State Government, and you thereby committed an offence punishable under Section 19 of the Corrupt Practices and Other Related Offences Act, 2000».
A statement by the EFCC, signed by Wilson Uwujaren, said, «The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a report captioned, Nigerian State Governors, Senate President Saraki pocketed billions of naira from Paris Loan refund, which appeared in the online news portal, Sahara Reporters on Sunday February 12, 2017.»
He also commended the CBN's initiative to give three million naira each to empower eligible youths under the Youth Initiative Empowerment Development Programme (YIEDP), which was open to youths who are either serving in the National Youth Service Corps or those who have not spent more than five years post NYSC service.
Sadly enough, the agency in question which claims to be investigating the fraud is ironically directly and brazenly facilitating the concealment of the looted several billions of naira belonging to the Niger Delta Amnesty Programme.
«That you, Senator Jonah David Jang, whilst being the Governor of Plateau State between January and May, 2015 in Jos, within the jurisdiction of this Honourable Court, used your office as Executive Governor of Plateau State to confer unfair advantage upon yourself by collecting the sum of N4, 357,195,000 (Four billion, Three Hundred and Fifty - Seven Million, One Hundred and Ninety - Five Thousand Naira) from the cashier of the Office of the Secretary to the Plateau State Government, and which sum was derived from the account of Plateau State Government, and you thereby committed an offence punishable under Section 19 of the Corrupt Practices and Other Related Offences Act, 2000»..
Gitto is also said to owe Diamond bank N6billion naira, a matter which has led the bank taking the company to court.
If a woman in the course of washing her husband's clothes, finds small naira notes, maybe 200 and 500naira note which after gathered could amount to 5000naira and she took the money, go to the market and...
To execute a trade, type in the blue box how much bitcoin you want in naira and also add a message to the seller after which you click on the «send trade request» button.
The Nigerian bitcoin space has witnessed tremendous growth over the last few years, which has been mainly driven by people looking to hedge their wealth in the face of a depreciating local currency, the naira.