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The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107 trillion (about 87.239 billion dollars), as at March 31, 2021.
Vishal lodges police complaint against producer RB Choudary Vishal stated that his documents acquired by RB Choudary were not returned to him even months after he settled down the debt he acquired for the film Irumbu Thirai. Written By Vishal lodges police complaint against producer RB Choudary Kollywood actor and producer Vishal is not new to controversies and conflicts. While his controversy with director Mysskin has finally faded down, a new one has now come up. He took to his Twitter space and stated that financier RB Choudary failed to return his documents even month...
The debt stock also includes Promissory Notes in the sum of N940.220 billion issued to settle the inherited arrears of the FGN to state governments, oil marketing companies, exporters and local contractors. The report said that compared to the Total Public Debt Stock of N32.916 trillion as at December 31, 2020, a marginal increase of 0.58 per cent was recorded in the Debt Stock. Further analysis shows that the increase was in the Domestic Debt Stock which grew by 2.11 per cent from N20.21 trillion in December 2020 to N20.637 trillion as at March 31, 2021. Accor...
Audrey Strauss, the United States Attorney for the Southern District of New York, announced that Ruless Pierre was convicted in Manhattan federal court today of securities fraud, wire fraud, and structuring charges. Pierre was convicted after a trial before Judge Sidney Stein. U.S. Attorney Audrey Strauss said: "Today, Ruless Pierre was brought to justice for callously lying to investors. Pierre told investors their investment returns were excellent, when in fact he failed to invest investor funds as promised, generated losses when he did invest, and diverted much of investor funds to his per...
Punch Newspapers Sections Published 27 May 2021 The most prevalent and common trap that many investors fall into is the various investment schemes that are circulated and advertised. Official records suggest that nearly 30 million people are subject to investment scams every year worldwide, there may be a lot of cases that are underreported due to widespread corruption. Recently, the Economic and Financial Crimes Commission in Nigeria has been put on high alert surrounding the various investment schemes floating around in the country. This alert is in light of the filed complaints and petitio...