Sentences with phrase «naira in»

The EFCC accused the minister's son of carrying out business transactions worth billions of naira in violation of Money Laundering Act.

Adagunodo stressed that the Governor was being hypocritical, adding that while he was urging civil servants in the state to endure with the acclaimed economic predicament and cope with half salaries, «he was busy throwing around billions of naira in the guise of overhead personnel cost ``.

The naked truth is that the federal government decided to suppress the Islamic Movement on the behest of Saudi Arabia, an agent and ally of the West, killing over a thousand civilian souls and destroying properties worth billions of Naira in its wreak.

DAILY POST recalls that in September 2009, Suswam was in the news after he was allegedly caught with 47 billion naira in the US and when asked what he was doing with that kind of amount, he said he wanted to buy pigs for the state.

«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).

Prices have increased from 65 naira ($ 0.40; # 0.26) per litre to at least 140 naira in filling stations and from 100 naira to at least 200 on the black market, where many Nigerians buy their fuel.

The Police, comprising IGP Intelligence Squad in conjunction with men of the Rivers State Police Command have smashed a dare - devil robbery operation to rob a bank of hundreds of millions of naira in Port Harcourt.

Former Governor Odili is asking for the sum of six billion naira in damages for alleged character defamation by Dakuku Pererside over his comments that Dr. Odili played a role in the alleged bribery of Supreme Court Judges that gave judgement in favour of the Rivers state Governor, Nyesom Wike.

«The circumstances have caused us billions of naira in losses and serious dislocations for our workers.

«There are potential billions of naira in revenue that Lagos State could earn in the next several years with the successful implementation of the plan that you intend could come out of this summit.

How can the state be owing Local Government workers when it has been collecting 2.2 billion Naira monthly in allocation for Local Governments, amounting to over 100 billion Naira in four years?

From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting over a billion naira meant for resettlement of Internal Displaced Persons (IDPs) by the Secretary to the Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.

Even though you provided help via Bitcoin, your Bitcoins, anyway, were recalculated into the Naira at the exchange rate at the moment of providing help, and you were credited with Mavro - Naira in your PO.

Traders in the market expressed concern about the depreciation of the Naira in spite the gains earlier recorded.

Meanwhile, the CBN Governor met with the Senate, yesterday, to discuss the sharp decline of the Naira in the parallel market in recent times.

In his reaction, Fayose, said he was not surprised that the APC in Ekiti State raised the ridiculous allegation, adding that the same APC people took side with Fulani herdsmen when they killed people in Oke - Ako, Ekiti State and destroyed farmlands worth several millions of naira in the State.

From their current standpoint, what the masses expect from the VP in my views is not the announcement but, a template in place for ensuring «that every dollar / naira in revenue would be properly accounted for and would reach the beneficiaries at the grassroots as one dollar, without being siphoned off along the way; block the areas where discretionary powers had been exploited for personal gains and sharpened the instruments that could prevent, detect or deter such practices».

Not exact matches

Forte's pretax profit nearly doubled in 2017 to 10.63 billion naira, though sales fell by 15 percent to 129.4 billion naira, the company said in March.

Pls I reside in Nigeria and our credit cards are not in dollar but naira and we use verve, visa and MasterCard.

A decent war chest is worth having in case the naira needs defending.

Yes Abra will work in Nigeria but note that the Naira will not be supported in the first release.

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.

The currency fell to about 300 naira to the dollar in Nigeria's black market, down from about 240 early last month.

Regarding Nigeria, the app will be available in that country but as of right now the naira will not be one of the supported currencies.

And trading in the naira has long since dried up.

Customers from our countries of operation sometimes search for the price of Bitcoin in their home currency: the Indonesian rupiah (IDR), South African rand (ZAR), Nigerian naira (NGN) or Malaysian ringgit (MYR).

This forced the central bank in November to devalue the naira, raise interest rates and tighten monetary supply.

Nigeria's economy, despite its substantial oil production (it is the fourth - leading supplier of oil to the U.S.), declined precipitously in the 1980s: at the beginning of that decade a naira was worth more than a dollar, while today's going rate values the naira at less than a dime.

His Companies Are Worth Half Of The Nigeria Stock Exchange (Mind The Stock Exchange is Worth Trillions In Naira And Billions In Dollars) And Ordinary Citizens Own Shares In It And It Profits Them Well..

Naira Marley chats about his track, life as an Arsenal fan and also his favourite players in the Nigeria national team.

«Farmlands costing billions of naira have been destroyed in states in the south - west, south - east and north - central zones of the country.

«In the light of the foregoing and in the spirit of second chance, we have our client's instructions to give you an ultimatum of seven days from the receipt / date of this letter to issue an apology in three national dailies, your facebook page, two widely read blog sites and payment of N100 million naira compensatory damage to avoid a N10 billion naira defamation suit.&raquIn the light of the foregoing and in the spirit of second chance, we have our client's instructions to give you an ultimatum of seven days from the receipt / date of this letter to issue an apology in three national dailies, your facebook page, two widely read blog sites and payment of N100 million naira compensatory damage to avoid a N10 billion naira defamation suit.&raquin the spirit of second chance, we have our client's instructions to give you an ultimatum of seven days from the receipt / date of this letter to issue an apology in three national dailies, your facebook page, two widely read blog sites and payment of N100 million naira compensatory damage to avoid a N10 billion naira defamation suit.&raquin three national dailies, your facebook page, two widely read blog sites and payment of N100 million naira compensatory damage to avoid a N10 billion naira defamation suit.»

We established the Agro Rangers Unit within the Nigeria Security and Civil Defence Corps to protect the billions of naira of investments recorded in Nigeria's agricultural sector across the country.

In a statement in Lagos on Saturday, the Minister of Information and Culture, Alhaji Lai Mohammed, also disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totaled N126, 563,481,095.43 (One hundred and twenty six billion, five hundred and sixty three million, four hundred and eighty one thousand, and ninety five Naira, forty three Kobo; $ 9,090,243,920.15 (Nine billion, ninety million, two hundred and forty three thousand, nine hundred and twenty Dollars, fifteen cents; 2,484,447.55 Pounds Sterling (Two million, four hundred and eighty four thousand, four hundred and forty seven Pounds, fifty five Pence) and 303,399.17 Euros (Three hundred and three thousand, three hundred and ninety - nine Euros, 17 centsIn a statement in Lagos on Saturday, the Minister of Information and Culture, Alhaji Lai Mohammed, also disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totaled N126, 563,481,095.43 (One hundred and twenty six billion, five hundred and sixty three million, four hundred and eighty one thousand, and ninety five Naira, forty three Kobo; $ 9,090,243,920.15 (Nine billion, ninety million, two hundred and forty three thousand, nine hundred and twenty Dollars, fifteen cents; 2,484,447.55 Pounds Sterling (Two million, four hundred and eighty four thousand, four hundred and forty seven Pounds, fifty five Pence) and 303,399.17 Euros (Three hundred and three thousand, three hundred and ninety - nine Euros, 17 centsin Lagos on Saturday, the Minister of Information and Culture, Alhaji Lai Mohammed, also disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totaled N126, 563,481,095.43 (One hundred and twenty six billion, five hundred and sixty three million, four hundred and eighty one thousand, and ninety five Naira, forty three Kobo; $ 9,090,243,920.15 (Nine billion, ninety million, two hundred and forty three thousand, nine hundred and twenty Dollars, fifteen cents; 2,484,447.55 Pounds Sterling (Two million, four hundred and eighty four thousand, four hundred and forty seven Pounds, fifty five Pence) and 303,399.17 Euros (Three hundred and three thousand, three hundred and ninety - nine Euros, 17 cents).

The command in the same vein debunked media report of 200 million Naira being demanded by the abductors, saying nothing of such has been communicated by her abductors

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.

With the present revelation that several billions of Naira has been discovered in the sitting governor's account, it is a confirmation that the governor is corrupt.

He said that the naira is like our national flag; we need to do the needful to put it in its rightful position.

The court granted them bail in the sum of 100 million naira each and one surety each who shall be not less than a Director, Grade Level 12 in the employment of the federal, state or local government.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

It also recorded a loss of 60.67 million naira ($ 304,905) in August.

He speaks on issues in 2016 budget, the need for the Federal Government to prevent currency crisis in Nigeria, the decline in Nigeria's foreign trade by N2.5 trillion and depreciation of the naira.

In 2015, due to oil price declines and consequent worsening of our balance of payments, foreign portfolio investors began to seek a 10 % depreciation of the Naira to reflect what they thought was its fair value.

The report, published on the Nigerian National Petroleum Corporation's (NNPC) website, showed it recorded a 59.40 million naira ($ 298,522) loss in September.

Vanguard survey of parallel market exchange rate in major cities shows that while there were slight increases in demand for foreign exchange, the Naira remained firm at N295 per dollar.

After diligent investigation by the Commission, it was discovered that the convict fraudulently sold 31,886,200 units of Adesoye Holdings Limited shares in IPWA Plc worth millions of naira.

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.

The Nigeria Politics Online also discovered that the business rakes in approximately five million naira on weekly basis.