FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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EFCC ARRAIGNED 2 EDO MEN TODAY,AT THE BENIN FEDERAL HIGH COURT FOR SMS FRAUD. {READ}.

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                              The EFCC has arraigned the duo of James Edwin Ehiaghe and Aimienmwona Osahon before Justice O.O Tokode of the Federal High Court Benin,Edo State on four counts bordering on ATM fraud,forgery,Impersonation,conspiracy and obtaining money by false pretence; possession of scam documents contrary to section 1,2 and 6 of the Advance Fee Fraud and other Related Offences Act,2006.Ehiaghe and Osahon are alleged to belong to a syndicate of fraudsters who specialize in defrauding their victims through text messages.They were separately charged with two counts each by the Commission.According to the complainant,on 18th January 2016,she received an SMS on her MTN line purported to have emanated from Central Bank of Nigeria's Customer Care Department,claiming that her ATM card will be deactivated unless she called 'CBN Customer Care Phone Number 01342233' to update her bank details.Operatives of the commission found various incriminating items including a laptop containing some scam documents,various fake driver's license,internet moderms and ATM cards of different banks,in a search conducted on the suspects.                       

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