Nigerian Ports Authority (NPA) and its management on Friday insisted on dollarisation of transactions and urged terminal operators to pay up to date. The Managing Director of NPA, Ms Hadiza Usman, stated this at a Stakeholders meeting in Lagos to round off her two-day tour of the Western ports in Lagos. She said that the […]
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Facts have emerged absolving Heritage Bank Plc of any involvement in the alleged N11.2billion fraud perpetrated at the Nigerian Port Authority, as an investor of the bank disclosed that contrarily to reports, that there was no fraud in the account of NPA. The source who preferred not to be mentioned, disclosed to our correspondent that […]
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The management of First City Monument Bank (FCMB) has faulted the allegation leveled against it by the Nigerian Ports Authority (NPA) over the non-remittance of funds despite admitting receiving Euro payments for a transaction. The bank’s position was expressed in a statement submitted to the Nigerian Stock Exchange (NSE) last week Thursday, alleging that NPA […]
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First Bank of Nigeria at the weekend absolves itself of any involvement in the alleged N11.2 billion fraud at Nigerian Ports Authority (NPA). This came as a response to an online medium, PREMIUM TIMES’s report on Saturday that the new management of the NPA has uncovered an alleged fraud totalling N11.23 billion involving the foremost […]
Read More By: Dele Adelaja, At about N13.595bn which belongs to the Nigerian Ports Authority (NPA) is held in three commercial banks and the Treasury Single Account (TSA) in the Central Bank of Nigeria (CBN). According to report, Of which about $24.1million (N9.399billion at N390 to a dollar) of the sum was lodged with Heritage Bank. Nothing was said […]
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