KIM KARDASHIAN AWARDED SYMBOLIC 1 EURO IN DAMAGES OVER 2016 PARIS ROBBERY.(PHOTO).

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 Kim Kardashian Awarded Symbolic 1 Euro in Damages Over 2016 Paris Robbery A Paris court has officially awarded media mogul Kim Kardashian a symbolic 1 euro ($1.15) in damages following the infamous 2016 armed robbery in the French capital. The ruling marks a major milestone in the reality star's quest for closure after what she previously described as the most terrifying ordeal of her life. Accountability Over Compensation The nominal sum awarded to Kardashian is exactly what she had requested from the court. In a joint statement with her stylist, Simone Harouche who was also present during the heist and received a matching 1-euro award Kardashian emphasized that the legal battle was never about money. "The experience was deeply traumatic, and its impact has stayed with us. Today’s decision is not about the compensation, but about accountability and recognition," the pair said in a statement. They expressed their gratitude to the French justice system and noted their hop...
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AUDITOR-GENERAL QUERIES CBN OVER $4.5BN MISSING FROM FOREIGN RESERVES. (PHOTO)

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 Auditor-General queries CBN over $4.5bn missing from foreign reserves

Auditor-General of the Federation, Shaaka Chira, has asked the Central Bank of Nigeria to offer an explanation for a missing $4.5 billion fund.


An audit report from the Office of the Accountant General said the missing sum was unaccounted for in Nigeria’s foreign reserves between 2018 and 2019.


The yearly audit report provides comprehensive information about the spending and financial affairs of the various ministries, departments, and agencies under the government in a fiscal year.


According to the report, the country’s foreign reserves, which stood at US$42,594,842,852.75 in December 2018, decreased to US$38,092,720,200.72 in 2019. By a simple calculation, US$4,502,122,652.03 could not be accounted for.


The violation occurred following the COVID-19 outbreak, during the tenure of Godwin Emefiele, the former governor of the apex bank currently standing trial in court over corruption allegations.


The Accountant-General has now urged CBN to offer explanations for the missing sum.


The audit report, stressing that the stability of the exchange rate may be jeopardised if the apex bank fails to justify the fund, stated: “This violates Section 25 of the Central Bank of Nigeria Act 2007, mandating the bank to endeavour to maintain external reserves at levels considered to be appropriate for the economy and the monetary system of Nigeria.”

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