12 Million Nigerian Motorists carry Fake Insurance Papers

Only about 4.3 million of the vehicles plying Nigerian roads have valid insurance certificates, NIKE POPOOLA writes

Most motorists are endangering the lives of other road users by driving vehicles on Nigerian roads without appropriate insurance certificates, investigation has revealed.

Instead of procuring valid certificates that would provide insurance cover and compensation for road users in times of accident, a large number of the motorists buy cheap papers from fraudsters in unauthorised areas.

Raw Gin Producers (RGPAN) kick against ban of Ogogoro Nationwide

Producers of Ogogoro under the umbrella of Raw Gin Producers Association of Nigeria, RGPAN, has urged the federal government not to ban the local gin popularly called Ogogoro based on recent casualty recorded from its consumption in some states of the country.

How we Discovered N8bn Currency Fraud – CBN

The Central Bank of Nigeria (CBN) yesterday explained how it discovered the N8 billion currency fraud. In a statement issued yesterday, Director, Corporate Communications, CBN, Alhaji Ibrahim Muazu said, “The Central Bank of Nigeria (CBN) would like to inform the general public of the chronology of events that led the Management of the CBN to handover some unscrupulous staff to the Economic and Financial Crimes Commission (EFCC) for prosecution.

Police Uncover Fake Currency Factory in Ibadan

The Oyo State Police Command has discovered a place in a remote village of Ibadan, where thousands of fake pounds, euros, dollars and other foreign currencies were being produced.