A chieftain of the All Progressives Congress (APC) in Ogun State, Adeola Sosanwo has commended the Ogun State Governor, Prince Dapo Abiodun, over his ability to espouse good governance and deliver landmark projects across the state in the last two years
NDDC: Militant groups join forces with Tompolo, IYC
On
By Emma Amaize, Samuel Oyadongha, Adesina Wahab & Davies Iheamnachor
MILITANT groups in the nine states of Niger Delta have teamed up with the General Officer Commanding, GOC, Niger-Delta Struggle, Government Ekpemupolo, alias Tompolo, and protesting Ijaw Youths Council, IYC, threatening to shut down major oil flow stations, wells and crude delivery lines of Nigerian National Petroleum Corporation, NNPC, in the region over President Muhammadu Buhari’s refusal to instruct Minister of Niger Delta Affairs, Senator Godswill Akpabio, to inaugurate the substantive Board of Niger Delta Development Commission, NDDC.
The militants under the auspices of Supreme Egbesu Freedom Fighters in a statement by the Commanding Officer, self-styled “General” Agadagba Obus, alias Thunder, warned: “If the Federal Government refuses to inaugurate the NDDC board within the seven-day ultimatum already declared by Tompolo, then we will have
By Elizabeth Adegbesan
The Central Bank of Nigeria , CBN, will commence implementation of uniform standards on transfer pricing arrangements in the Nigerian banking industry from June 2021, following the release of guidelines for Shared Services Arrangements for banks and Other Financial Institutions (OFIs).
In a circular signed by Director, Financial Policy and Regulation Department, Kevin Amigo, CBN stated: “The absence of standards on shared services and transfer pricing arrangements in the Nigerian banking industry was evidenced on the uneven management of shared services with the attendant concerns on governance, financial and tax management practices.
“The Central Bank of Nigeria (CBN) in response thereto, issued an Exposure Draft on November 18, 2019 to streamline the activities of institutions engaged in shared services and transfer pricing. The Exposure Draft also sought to harvest stakeholders’ opinions on the abuses including the use of shared services arrangement