Internal Controls

EFCC Alleges Nigerian Banks Are Channels for Money Laundering

Nov 23, 2024. by Ekohot Editor

The Economic and Financial Crimes Commission (EFCC) has raised concerns over the role of Nigerian banks in facilitating financial crimes, urging them to avoid becoming tools for fraud. EFCC Chairman, Ola Olukoyede, issued this caution on Friday during a courtesy visit by the management of Moniepoint, led by its Founder and Group CEO, Tosin Eniolorunda, … Read more

EKEDC Boss Loses Job Over Degree Scandal, Bribery Claims

May 4, 2024. by Ekohot Editor

EKEDC Fires Chief for Faking Credentials Corruption Allegations Plague Ousted Leader NERC Forces Leadership Shakeup at Utility Eko Hot Blog reports that Eko Electricity Distribution Company (EKEDC) sacked Tinuade Sanda as managing director. The parent firm, WPG, terminated her services on April 17, 2024. Chairman Charles Momoh declared, “We no longer require your services.” WPG … Read more