NPA recovers $5.1m ‘hidden’ in Heritage Bank


The management of Nigerian Ports Authority has reportedly recovered $5.1m out of the sum of $24.1m it said to have discovered “hidden” in Heritage Bank after it resumed in July.

According to Shipsandports, the amount was not disclosed in the handover note the current leadership of the organization received from the past management.

While speaking with journalists in Lagos on Wednesday, NPA Managing Director, Hajia Hadiza Bala Usman confirmed the return of $5.1million by Heritage Bank into NPA’s Treasury Single Account with the Central Bank of Nigeria. She said efforts were ongoing to retrieve the balance from the bank.

Besides the recovered money, Usman also mentioned that the NPA was being owed about N10billion and $585million (N180billion) by some private firms and government agencies.

Nevertheless, she admitted that part of the amount could be classified as bad debt as it had been outstanding for more than 10 years.

http://punchng.com/npa-recovers-5-1m-hidden-heritage-bank/

Naija wondament


Mynd44, OAM4J, Lalasticlala, see how large sums dey hide himself, only in Naija, money dey himself. No be person hide am o.

Ok
Akpan was sent to deliver a live Christmas chicken in Lagos.
On his way, a careless okadaman made him fall off the bike and the chicken immediately ran off.
When Akpan saw the chicken running away, he started laughing and when asked why he was laughing, he said "See this Mumu chicken, where does she know in Lagos when the address is with me? Lolzzzz....

Compliment of the buhari's season