OSP and CAGD unearth GH¢2.8m payroll fraud

In addition, further savings are anticipated in subsequent years, along with potential upward compensation adjustments, because of the OSP’s joint inquiry into those unearned salaries.


CBN, SEC fine banks N678m

The regulators that sanctioned the affected financial groups were the Central Bank of Nigeria, the Securities and Exchange Commission, the National Insurance Commission, the NGX Regulation Limited, FMDQ and the National Pension Commission.


EBRD approves membership of Kenya and Nigeria

The applications of Kenya and Nigeria also included requests to become recipients of EBRD financial and advisory services, which the Bank will address once the statutory amendments are in force.


FRC to release valuation regulations July

This regulation will be the first of its kind in Nigeria and the council will showcase the exposure draft to the public before launching it in July and the valuation regulations will guide all professional valuers and firms in Nigeria.


IMF cautions FG against CBN Act amendment

The position of the Fund was contained in the Article IV Staff Consultation Report of the Board of Governors of the global organization, which was released in Washington, yesterday.


‘Tap to pay’ warning for South Africans

South Africa’s sophisticated banking system has allowed consumers and businesses to use a variety of payment methods, with many using digital payment methods.