Aroh48:
I hate this country.

Aroh48:
I hate this country.

Aroh48:
I hate this country.

Aroh48:
I hate this country.

janvier27:
National Assembly is the weakest link now in our race to sanity. It will only get worse with confirmed looters at the head.

Aroh48:
I hate this country.

Demmocrats:



Bunch of idiots, why didn't you guys start from 1999 till date why the last six years which involves Jonathan, all of a sudden that ape called Obasanjo is now a saint, a man that wasted the resources of this country with his VP. Even though Jonathan looted which we all know its not proper by basing all the corruption fight on one person.

EreluY:
[size=18pt]I do not regret shredding my Nigerian passport. Nigeria is irrevocably doomed - not even Buhari can salvage it.[/size]

Ubenedictus:
this is not abt oga jona or obj, this is abt the national assembly.

Ubenedictus:
this is not abt oga jona or obj, this is abt the national assembly.

YoungExec:
Media Trials. Let there be arrests and let people be taken to court. I'm tired of all this media talk. Time for action.

Lordave:




Why only in the last six years?

Why not in the last 17 years?

Buhari should make sure they include the whole years of civilian rule before the last six years, we can't afford to let go one crook.

dancewith:
I think the newspaper should, for matter of urgent clarification, seek for a breakdown of what the money is used for, under the freedom of information act. That would give a more informed reporting and news worthiness.

By claiming cash withdrawal above N5m before 2015 when cashless policy went into force qualifies as money laundering, clearly shows that this reporter and newspaper do not understand nor sought to understand banking laws and regulations before going ahead with this report. It was the cashless policy which went into force late in 2015 that prohibited cash withdrawals above N500,000 for individuals and N2m for corporate bodies, with some exemptions. Before this period, an organization or an individual has the right to utilize funds belonging to them in whatever manner they deem fit. With the cashless policy however, Withdrawals above these limits must be done via cheques or other electronic channels

By claiming these transactions are evidence of money laundering, this newspaper opens themselves up for claims of ignorance and libel, especially as such withdrawals must have been authorized by the valid authority of the NAS. For the NAS to have authorized such withdrawals means there must have been a purpose for the withdrawal and these should have been the purview of this reporting, rather than a blanket labeling of transactions done by the NAS as acts of crime

I can be sure the banks mentioned therein would never have paid those cheques if the authorized signatories of the NAS had not signed or if the withdrawal of such sums constituted a violation of extant regulations. Please also note that what the money laundering law provided, which I suppose was the confusion of this reporter, is that whenever withdrawal in such sums are made, the bank must report such transactions to the Nigerian Financial Intelligence Unit, which is an arm of EFCC

The purpose of this report is for NFIU to consider if there is/are any reason to treat such transactions as suspicious and should they think so, seek clarification

adriftonmemories:



Even SOMALIA is being rebuilt... Continue comforting yourself as a THIRD CLASS CITIZEN in some white man's cess pit

“No person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding- (a) N5,000,000.00 or its equivalent, in the case of an individual; or (b)N10,000,000.00 or its equivalent in the case of a body corporate”.