Nigerian Govt Officials, Microsoft Managers In Alleged $200m Bribe

A 20-year-old employee with tech behemoth, Microsoft, has alleged that the firm is bribing clients in Nigeria as well as across the Middle East and other African countries on a massive scale. According to the whistleblower, Yasser Elabd, who published his testimony in March on the website, Lioness, the company spends more than $200 million annually on bribes and kickback schemes in Nigeria, Saudi Arabia, Qatar, Zimbabwe, and Ghana, among other countries. The report posted in rt.com quoted the employee as saying that more than half the managers and salespeople…

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Investors say Flutterwave’s governance issues demand an intervention

Flutterwave’s rise to startup stardom has been fueled by over $400 million from venture capitalists. When Flutterwave wanted to raise $100 million in Jan. 2021, it pitched a compelling set of metrics to investors. Its revenue had grown from $5 million to $55 million between 2018 and 2020. Gross profit was $26 million with a 48% margin. Its services were used in 20 countries, thanks to the hard work of over 270 employees. Based on these numbers (as recorded in an investor presentation seen by Quartz), the licenses it had…

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‘I Slept With My Son To Give My Husband A Child’

It sounds abominable in every sense of the word that a woman would sleep with her own biological son just to test her fertility after failing to get pregnant for her husband in her second marriage. But that was exactly the case with Matina Agawua, a native of Yelwata, a remote settlement in Nasarawa State. She slept with the son she had from her first marriage to please her new husband who was threatening an end to their relationship if she would not conceive a baby. Matina, who lost her…

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Abba Kyari Takes FG To Court Over Illegal Detention

The embattled Deputy Commissioner of Police, DCP, Abba Kyari, has dragged the Federal Government before a Federal High Court in Abuja challenging his continued detention by the National Drug Law Enforcement Agency (NDLEA). The embattled law enforcement officer, in a suit marked FHC/ABJ/CS/182/22 is seeking an order of court to immediately release him. Similarly, in the alternative, the suspended DCP, being held by the NDLEA over his alleged involvement in hard drug trafficking wants the court to admit him to bail in liberal conditions. Justice Inyang Eden Ekwo is expected…

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Infractions: NGX Fines Mutual Benefits, Lasaco, Others N325.7m

.Trading in Royal Exchange, Niger Insurance’s shares suspended For failing to adhere to regulatory rules and regulations instituted by the stock market regulator, at least seven underwriting firms have been fined a total of N325.7 million between 2020 and 2021, according to the latest X-Compliance report released by the Nigerian Exchange Group (NGX). According to the September 17 report cited by New Telegraph, Mutual Benefits Assurance Plc received the highest chunk of the fine, amounting to N256.3 million for unauthorised publication of notice of annual general meeting and problem with…

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Tax Fraud: FG Reneges On Global Pact To Curb Investments In Tax Havens

Despite recent outcry over Nigerian public and private officials’ criminal investments in countries, which exempt them from paying taxes, the Federal Government has refused to join about 140 other countries to curb the fraud through a 15 per cent corporate minimum tax. According to the report released over weekend, nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore havens where they pay little or no tax. The…

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NIPOST retiree dies in sex romp with two teenagers

The Akwa Ibom State Police Command has confirmed the death of a man identified as a retired employee of the Nigerian Postal Service (NIPOST), who was found dead in his residence at Udo Street in Uyo, the Akwa Ibom state capital. It was learnt that the deceased, an Igbo man, name withheld, was engaged in a sex orgy with two teenagers who he was alleged to have promised jobs in NIPOST when there are vacancies. According to a neighbour who would not want his name mentioned, “The deceased died of…

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194 Lagos Men Beaten By Wives In The Last Six Months – Report

On Wednesday, the Lagos State Domestic and Sexual Violence Response Team (DSVRT) stated that 194 males had been beaten by their spouses or partners in the previous six months. The figure was published by DSVRT in its bi-annual report. The report, which was made available to journalists in Lagos, covers the period from January to June 2021. The News Agency of Nigeria (NAN) reports that the figure is 44.33 percent higher than the 108 assault cases reported by men from January 2020 to June 2020. According to the latest report,…

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JUST IN: Herdsmen kill Omoleye Sowere’s Brother

Olajide Sowore, the younger brother of Sahara Reporters editor, Omoyele, has been killed by suspected herders, according to the activist. Omoyele Sowore stated his brother was killed on Saturday morning while traveling from Benin to Ondo by armed men suspected to be herders by witnesses. He was a pharmacy student at the Igbinedion University, according to Sowore, who described his brother’s death as a big loss for his family and friends. On Saturday morning, a spokesman for the Akure police did not immediately respond to a request for comment from…

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Passengers frown at airlines free reign at official extortion

…seek govt’s intervention Passengers making use of local airlines for domestic flight have called on the Federal Government to intervene and put a halt to airlines attempts at official extortion. Some of the passengers, who spoke to our correspondents last expressed frustration over deliberate moves by the operator to push passengers into tight corners in an attempt to make them pay more for trips that have already been paid for. They pointed out that some of the operators were in the habit of closing the counter hurriedly, especially with regard…

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