Search Results for: Nigeria

Nigeria’s National University Commission (NUC) has moved ahead with a major expansion of Nigeria’s private higher education sector, granting provisional licenses to 20 new private universities. The approval brings the number of private universities in Nigeria to 99, increasing the country’s overall university tally to 197.…

After a three-year trial, judge Marco Tremolada acquitted energy companies Eni and Shell and 13 executives from both companies, including Eni CEO Claudio Descalzi, of being associated with graft in Nigeria. In a Milan court March 17, the judge ruled there was no case to answer over the companies’ USD1.3 billion acquisition of Nigeria’s OPL 245 offshore oilfield, amidst allegations that USD1.1 billion of that was pocketed by politicians and middlemen.…

An international model of rules for monitoring and control cryptocurrency operators and crypto-exchanges’ compliance with anti-money laundering and counter financing of terrorism (AML/CFT) regulations worldwide, is needed, some AML/CFT specialists are arguing. Nina Kerkez, market planning director at LexisNexis Risk Solutions, said regulatory frameworks are currently being developed “at an alarming rate” in a wide range of jurisdictions, with significant divergences apparent in, for example, KYC/CDD requirements and when to file suspicious activity reports (SARs).…

EUROPEAN confectionery and sugar processing associations have appealed to the European Parliament not to reimpose market controls on the European Union’s (EU) sugar sector. MEPs have pressed for new restrictions during the ongoing negotiations about reforming the EU Common Agricultural Policy (CAP).…

UK universities are turning a blind eye to Nigerian political elites laundering dirty money through their fees, according to a paper published by the Carnegie Endowment for International Peace from West Africa expert and non-resident scholar, Matthew Page. Commissioned by the British High Commissioner to Nigeria, Catriona Laing, ‘West African Elites’ Spending on UK Schools and Universities: A Closer Look’ (1), flags up the “unexplained wealth” used by Nigerian politicians and public officials to pay British university and boarding school fees.…

UK colleges and universities are complicit in Nigerian corruption and money laundering, according to a report commissioned by British High Commissioner to Nigeria, Catriona Laing, from West Africa expert, Matthew Page. Published by the Carnegie Endowment for International Peace (for whom Page is a non-resident scholar), ‘West African Elites’ Spending on UK Schools and Universities: A Closer Look’ (1), points to “unexplained wealth” used to pay British university and boarding school fees way above the salary levels of prominent politically exposed persons (PEPs).…

UK universities and private schools are turning a blind eye to Nigerian political elites laundering dirty money through their fees and support payments to their children, according to a paper published by the Carnegie Endowment for International Peace. Sara Lewis and Samuel Okocha report.…

UK universities and private schools are turning a blind eye to Nigerian political elites laundering dirty money through their fees and support payments to their children, according to a paper published by the Carnegie Endowment for International Peace. Sara Lewis and Samuel Okocha report.…

International News Services’ Nigeria correspondent, Samuel Okocha, has produced a photographic book showing a candid glimpse of the city. “It’s also a product of my strong interests in street photography which has been therapeutic for me,” Samuel said. “Street photography helps me slow down in a crazy fast moving city like Lagos.…

COVID-19 has been tough for all Nigerian higher education institutions, their staff and students, but one bright spark has been the fact that universities have developed remote learning capacities that will stand them in good stead for the future.

One university that has used Covid-19 to evaluate and improve its remote learning systems is the Obafemi Awolowo University (OAU), a public university based in Ife, east of Ibadan.…