ICBC
President Buhari presides over extraordinary summit of Lake Chad Basin Commission
President Muhammadu Buhari has summoned an extraordinary summit of Heads of State and Government of Lake Chad Basin Commission (LCBC) at the Transcorp Hilton Hotel, Abuja. Newsmen report that other sub-regional leaders participating in the summit include the Presidents of Niger Republic, Mohamed Bazoum and Central African Republic, Faustin Touadera. Others are Mahamat Idriss Deby, President of the Transitional Military Council of the Republic of Chad, while Cameroon’s President Paul Bryan, was represented at the meeting. Other participants at the summit include representatives of Mohamed Al-Menfi, Chairman of the Presidential Council of Libya, and the Sudanese President. Newsmen report that the leaders would be discussing the growing security threats in Sahel and Lake Chad region, politica...
Major banks moved vast sums of illicit money – investigation
Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations. “Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financi...
