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Kuda loses billion of naira

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NAIJA NEWS: Kuda loses billion of naira [New Naija News] » Naijacrawl
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According to reports, the Nigerian fintech bank at the end of the 2021 financial year, Kuda Bank recorded a loss of ₦6,092,554,866 ($14,214,681), a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020, according to the financial report.



It will be recalled that the bank has now start deducting bank stamp duty on amounts from 10,000 and above

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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NDLEA Recovers Cocaine Worth 193 Billion Naira in Lagos

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NAIJA NEWS: NDLEA Recovers Cocaine Worth 193 Billion Naira in Lagos [New Naija News] » Naijacrawl
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The ever-active anti-drug agency; NDLEA has busted a cocaine warehouse and seized N193billion worth of crack in Lagos . Arrests 4 drug barons, 1 otherIn what appears to be the biggest singular cocaine seizure in the history of Nigeria's premier anti-narcotic agency, operatives of the National Drug Law Enforcement Agency, NDLEA, have busted a major warehouse in a secluded estate in Ikorodu area of Lagos where 1.8tons (1,855 kilograms) of the illicit drug worth more t...
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Naija News

EFCC Docks Accountant general of the Federation Over 80 Billion Naira Fraud

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NAIJA NEWS: EFCC Docks Accountant general of the Federation Over 80 Billion Naira Fraud [New Naija News] » Naijacrawl
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The anti-crime agency in the country; the Economic and Financial Crimes Commission, EFCC, on Monday, May 16, 2022 arrested serving Accountant General of the Federation, Mr. Ahmed Idris in connection with diversion of funds and money laundering activities to the tune of N80billion (Eighty Billion Naira) only.The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family mem...
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Naija News

Wike Used Over A Billion Naira to Repair Abandoned Aircraft

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NAIJA NEWS: Wike Used Over A Billion Naira to Repair Abandoned Aircraft [New Naija News] » Naijacrawl
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The state Governor, Nyesom Wike has said he has retrieved & repaired an abandoned aircraft owned by the state government. According to the government, the aircraft was abandoned in Germany by Rotimi Amachi ten years ago and the state government has spent over a billion naira to repair the aircraft. Wike made this disclosure said it was unconscionable for the immediate past administration to have “surreptitiously” taken a state-owned asset to Germany and abandoned sa...
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