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Tag Archives: Kemi Adeosun

MFBs, others begin BVN as CBN sets August 1 as deadline

BVN live

Following the recent revelation by the Minister of Finance, Mrs. Kemi Adeosun that majority of looters and government officials who live on ghost workers salaries have moved their illicit game to Micro Finance banks (MFBs) where Bank verification Number (BVN) policy was not extended to, the Central Bank of Nigeria (CBN) has relied on the observation to introduce the policy ...

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Poor non-oil revenue’ll continue unless infrastructure, access to capital are in place—Expert

Kemi Adeosun

Development experts have started reacting to the recent comments by the Minister of Finance, Mrs. Kemi Adeosun, during a Finance Ministers’ meeting convened by the G24 Group at the ongoing IMF/World Bank Spring meetings in Washington DC. The minister had said advised Nigerians to focus on non-oil revenue growth, tax compliance and budget transparency to drive economic development‎ in the ...

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Again, Adeosun begs international community to halt illicit capital flows from Nigeria

Kemi Adeosun

In what looks like a more passionate appeal to the international community, the Minister of Finance, Mrs. Kemi Adeosun has urged developed countries to stop providing safe havens for corrupt individuals and their illegal funds. Speaking at the ongoing International Monetary Fund (IMF)/World Bank Group Spring meetings in Washington DC, United States, the minister said “To improve non-oil revenues, we ...

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Dangote’s article on ‘starting small’ business to premiere on YouWiN Connect Magazine

Dangote

As part his drive for startups, leading African entrepreneur and President of Dangote Group, Aliko Dangote has taken time to do a step-by-step analysis on how to begin and run a small business. The tailor made article is planned for publication in the next edition of Youth Enterprise With Innovation in Nigeria Connect (YouWin). A statement signed by the Project ...

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DBN unveils credit strategy, seeks financial input from European Investment Bank (EIB)

DBN Tony Okpanachi

Managing Director of Development Bank of Nigeria (DBN), Tony Okpanachi, has opened up on the loan delivery strategy the bank will use to grow Small and medium Enterprises (SMEs) within the first two years. This is the new bank which kicked off with N398.45billion is still talking with the European Investment Bank (EIB) for more investment. By design, the bank ...

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Time to stop Hameed Ali from functioning without constituted Customs Board–Amiwero

Hameed Ali walkout

Serving as a substantive Comptroller General of Customs for more than one year without a constituted Board for the direction of affairs at the money spinning federal agency, Nigerian Customs Service (NCS), has captured the anger of several stakeholders in the industry. Mr. Lucky Amiwero, one of the most outspoken stakeholders has called on the Minister of Finance, Mrs. Kemi ...

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Poor practice of federalism, oil boom era created room for the rich to evade taxes—Experts

Firs

Contrary to the recent pronouncement by the Minister of Finance, Mrs. Kemi Adeosun that there may be no hiding place for Nigerian billionaires, trillionaires , entrepreneurs evading payment of tax in the country, experts have picked holes, saying evasion of taxes will continue even in larger scales. The Minister who revealed during a colloquium to mark the 65th birthday anniversary ...

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FG on trail of ghost workers to MFBs, asks CBN to extend BVN to the sector

Kemi Adeosun

Having smoked out over 50,000 ghost workers following the introduction of Bank Verification Number (BVN) in the commercial banking sector, the Minister of Finance, Mrs. Kemi Adeosun, has written the Central Bank of Nigeria (CBN), to extend BVN policy to account holders in Microfinance Banks (MFBs). MFBs were not part of the BVN exercise introduced by the CBN since 2015. ...

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Adeosun hints on how DBN’ll deepen activities of SMEs in economic diversification

Adeosun Buhari

Indications have emerged that the Development Bank of Nigeria (DBN) will serve as strategic catalyst in the growth of Small and Medium Enterprises (SMEs) in Nigeria going by the structure and template the bank is coming with. The Finance Ministry is in discussion with the Central Bank of Nigeria (CBN) to use the Development Bank of Nigeria as a vehicle ...

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