Friday, August 6

Tag: compensations

#EndSARS: Lagos Judicial Panel Awards N10m Each To 2 Victims Of Police Brutality
Politics

#EndSARS: Lagos Judicial Panel Awards N10m Each To 2 Victims Of Police Brutality

The Lagos State Judicial Panel of Restitution and Inquiry set up to investigate cases of police brutality especially involving officers of the now-defunct Special Anti-Robbery Squad (SARS), has awarded compensations to two petitioners. The two petitioners, Kudirat Obayomi and Hannah Olugbodi were awarded N10 million each on Friday, as compensation based on the panel’s recommendation.  
Nigeria Loses N2.5 Trillion to Fraud Every Year- Forensic Body Reveals
News

Nigeria Loses N2.5 Trillion to Fraud Every Year- Forensic Body Reveals

The Society for Forensic Accountants and Fraud Prevention (SFAFP), a body that studies the management of funds by Government agencies, has revealed that Nigeria loses N2.5 trillion  yearly in the national budget to public sector fraud and corruption. SFAFP Chairman Iliyasu Gashinbaki, revealed that in Africa, 25 per cent of annual budgets of countries are diverted through bad schemes by politicians. Gashinbaki, speaking at a virtual induction of 192 associates of SFAFP at the weekend, revealed public officers mismanaged government money by unlawful use of public assets for private advances, underpayment of taxes and duties on export as well as import. Other methods of embezzlement include payment of salary to ghost workers; bribery and extortion; payment for air supply (goods ...

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