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House Summons Finance Minister, FIRS, Others over Loss of Revenue to Illicit Financial Flows


By Adedayo Akinwale
The House of Representatives has summoned the Minister of Finance, the Heads of the Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), the Nigerian Export-Import Bank (NEXIM), and the Nigerian National Petroleum Corporation (NNPC) over the continuous loss of government revenue to illicit financial flows (IFFs).
The House issued the summons following the adoption of a motion moved at plenary on Thursday by Hon. Ochiglegor Idagbo.
Moving the motion, Idagbo explained that illicit financial flow (IFF) is the cross-border transfer of capital that was illegally earned, transferred or utilised and often consists of commercial money laundering, tax evasion and proceeds of corruption and criminal activities. ....

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FG Excited by Export Potential of Indigenous Food Company


James Emejo in Abuja
The chief executives of export promotion and regulatory agencies have expressed excitement and support for one of the country’s rising indigenous food manufacturing companies, which is export- oriented.
Halibiz Industries Limited, founded by its President, Alhaji Adamu Aliyu, has a primary aspiration of providing healthier, quality and affordable products to Nigeria, Africa and the world at large.
Giving their individual and collective impressions after a facility tour of the company, located at the Idu Industrial Centre, Abuja, the Executive Secretary, Nigeria Investment Promotion Commission (NIPC), Ms Yewande Sadiku, and Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, as well as the Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, all said they were impressed by the level of accomplishments by the company and pledged to assist the company in meeting its a ....

Abuja Federal Capital Territory , Alhaji Adamu Aliyu , Olusegun Awolowo , James Emejo , Yewande Sadiku , Nigeria Investment Promotion Commission , Halibiz Industries , Idu Industrial Centre , Nigerian Export Promotion Council , Industries Limited , Executive Secretary , Chief Executive , Nigerian Export Import Bank , Abba Bello , West Africa , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியா முதலீடு ப்ரமோஶந் தரகு , இது தொழில்துறை மையம் , நைஜீரியன் ஏற்றுமதி ப்ரமோஶந் சபை , தொழில்கள் வரையறுக்கப்பட்டவை , நிர்வாகி செயலாளர் , தலைமை நிர்வாகி , நைஜீரியன் ஏற்றுமதி இறக்குமதி வங்கி , தந்தை பெல்லோ ,