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Nigerian Banks – Unmasking the Culprits in the Banking Crisis
An old African saying; “When the wind blows the bottom of a chicken, it reveals a lot beneath it.” Current mayhem in the financial sector opens up an opportunity for Nigeria to rid itself of the political and economic cancer it has endured for decades; corruption. As the events unfolded and the crackdown on debtors and bank leaders of the banking sector gather thrust the Security and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) engaged on tougher measures to reign in the perpetrators.
120p a Litre, 150p Or Normality – What is Behind the Rise in Petrol Prices?Petrol prices are very much the talking point as we speak but what is behind it? Talk of 120p per litre was quickly extinguished as fuel is already selling on some forecourts at that price. Prepare for it but if the logic we are being given to support 120p is true, 150p is just a few months away. Do I believe that will happen? Very probably unless all the relevant authorities take the correct and responsible action.
