Reps uncover N300bn unclaimed funds in banks
The House of Representatives adhoc committee has uncovered over N300 billion unclaimed funds in commercial banks in Nigeria.
Source: pmnewsnigeria.com
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AMCON decries N1.4bn debtors' promissory notes
He said some of the promissory notes amounting to N1.385bn will mature in 2024 while others worth N356 million would be ready by July 12, 2021. Abubakar also said AMCON has always worked with the Economic and Financial Crimes Commission (EFCC) in its recovery operations noting that AMCON got N1.178bn recovered by EFCC from nine accounts of debtors owing some banks. The committee chaired by the Deputy Chairman, Rep Sada Soli Jibia also queried and would probe N87m with unclear status in AMCON’s submission. The committee also grilled Heritage Bank’s officials over $11.4m debt owed to the NE...
Source: dailytrust.com
NIPRD: 70 Percent Nigerians Still Patronise Traditional Medicine
By Onyebuchi Ezigbo The Director General of the National Institute of Pharmaceutical Research and Development (NIPRD), Dr. Obi Adigwe has said that majority of Nigerians still have faith in the efficacy of traditional medicine, despite improvements made in development of modern healthcare system. Against the background of a major breakthrough made by the institute in the area of Phyto medicine development, Adigwe said that Nigeria is known to have thousands of plants with proven ethno pharmaceutical and medicinal potentials that are not utilised. Speaking during an oversight visit by a delega...
Source: thisdaylive.com