Promoting responsible business
Column 1
Column 2
Column 3
Column 4
Support Us
Lead Investigation
A REPORT prepared by the National Bureau of Statistics (NBS) and the United Nations Office on Drugs and Crime (UNODC) has exposed how Nigerian public officials took N721 billion or $1.26 billion in cash bribes in 2023. The report released on Friday by the NBS said that average cash bribe paid to these officials in […]
Latest Coverage
A sharp, high-contrast reading environment for investigations, policy analysis, and live market signals.
SPECULATIONS are rife on and off the internet as the visit of the Federal Bureau of Investigation (FBI) Director, Mr Christopher Asher Wray, coincides with the Abuja court discharge of a Binance executive, Mr Tigran Gambaryan, and a United States’ verdict on the release of President Bola Tinubu’s records by its security agencies. The FBI’s […]
REAL estate experts in Dubai have put the value of seven Dubai properties linked to former Governor of Sokoto State, northwestern Nigeria, at $8.042 million, which is equivalent to today’s N11.932 billion (N1,483.62/$ at the official FMDQ market). Sokoto is Nigeria’s most multidimensionally poor state, with a poverty rate of 91 percent, according to the […]
At the heart of Kubwa, the Federal Capital Territory, Abuja, on Saturday, a point of sale (PoS) operator withdrew tons of cash from an automated teller machine (ATM) installed by Access Bank. The PoS operator had seven different ATM cards from Access Bank, United Bank for Africa (UBA), Zenith Bank, Eco Bank, Guaranty Trust Bank […]
A former Director of Procurement and Support Services at the Central Bank of Nigeria (CBN), Mr John Ikechukwu Ayoh, says he collected $600,000 bribe on behalf of the former CBN Governor, Mr Godwin Emefiele. According to him, the bribe money was allegedly paid by contractors in two installments of $400,000 and $200,000. At the resumed hearing […]
AFTER a series of stories done by Economy Post on related-party loans, the Central Bank of Nigeria (CBN) has set up a team of experts to investigate loans and transactions to banks’ insiders. People who are knowledgeable about this development told Economy Post that CBN Governor, Dr Yemi Cardoso, had set up a team of […]
THE National Office for Technology Acquisition and Promotion (NOTAP) under its Director-General, Dr. DanAzumi Mohammed Ibrahim, allegedly diverted a percentage of its internally generated revenue (IGR) to staff welfare account, while using public funds for private functions. NOTAP is a government parastatal under the Federal Ministry of Science and Technology. The agency was created to […]
THE Ministry of Labour and Employment under former minister, Dr Chris Ngige, paid a total of N860.76 million for contracts and services in 2020 without any evidence of execution. This was disclosed in the 2020 Auditor-General for the Federation’s Annual Reports released in late January 2024 and seen by Economy Post. Dr Ngige was Minister […]
IN what may be regarded as Bettagate scandal, Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, has been suspended by President Bola Tinubu. In a statement released on Monday afternoon, presidential spokesman, Mr Ajuri Ngelale, said President Tinubu had ordered the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, […]
POLARIS Bank has lost N26.005 billion worth of loans granted to 6 ex-directors mostly without collaterals. Economy Post found from the bank’s 2022 annual report that 5 out of the 6 ex-directors did not perfect their collaterals before receiving the loans from the bank. Only one ex-director, Mr Jason Fadeyi of Newcross Exploration and Production, […]