News
Sanusi, Sacked CBN Gov is a Voodoo Statistician-Maku

Mr. Labaran Maku, minister of Information and National Orientation, has said that Sanusi Lamido Sanusi, suspended Central Bank of Nigeria, CBN, governor, made himself a whistle blower as well as a voodoo statistician feeding the country with unsubstantiated figures of missing funds.
The minister who stated this while fielding questions from newsmen after defending his ministry’s 2014 budget proposal at the Senate said that Sanusi as the manager of the nation’s monetary policies who advised the president on monetary issues should have not made himself a whistle blower.
Maku said, “But the reality of what has happened is that there are issues with the account of CBN of 2012 as the president explained. The Financial Reporting Council has said that there are issues that should be addressed so the president returned it back to the council and the council again returned it with some of the items with questions.
“CBN is the nerve centre of the nation’s financial system. If there are problems with it, it means that it can generate a lot of problems in the banking system and the economy and so the president has been trying to sort this out and between him and the CBN governor there have been communications since April 2013. So, it has nothing to do what my brother Sanusi has said relating to the NNPC. This has been ongoing conversation between them.
“Unfortunately, the CBN governor is also the chairman of the board and he can’t sit in a matter he is being investigated for, so, what the president has done as the appointing officer of the CBN was to ask the governor to step aside pending the outcome of the investigating.
“He has not been removed and we don ‘t know where the uproar is coming from. Are we saying that the queries that were raised relating to the CBN account were false? In the end if he is found not guilty, he still has his tenure to run.”
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
News
US Launches ‘Window on America’ @ Ogun Tech Hub

The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
News
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