Akinwumi Adesina, president of the Africa Development Bank has been cleared of all corruption charges by anindependent review panel led by former president of Ireland, Mary Robinson. Recall that earlier this year, it was alleged that the bank had been tarred by poor governance, impunity, personal enrichment and favouritism under Adesina’s leadership. In spite of Adesina’s insistence of…
Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos has convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil. The Standards Organisation of Nigeria (SON) charged both men with four counts of production, possession, dealing in, and distribution of substandard engine oil. Both men claimed the products were good for public…
The Federal Inland Revenue Service (FIRS) has made a clarification on its plan to impose astamp duty charge on tenancy. FIRS executive chairman, Muhammad Nami who spoke at a webinar organised by OTISVIP, said the six percent stamp duty charge on tenancy previously announced will only apply to tenancy and lease agreements that are above 21 years.…