Tag: financial oversight
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Daily Bread cuts ties with Scarborough’s Feed Scarborough amid financial concerns and police report
Overview Toronto’s Daily Bread Food Bank has severed its partnership with one of its largest member agencies, Feed Scarborough, following an internal review that uncovered discrepancies in invoices submitted to support grant funding. The charity disclosed the findings and related financial-management concerns to the police, signaling a serious step in safeguarding donor dollars and ensuring…
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Otedola Praises Tinubu’s Economic Insight as First Bank Hits N500bn Capital Benchmark
Otedola’s Praise and the Banking Milestone Nigerian business magnate Femi Otedola, through his investment vehicle First HoldCo, has publicly commended President Bola Tinubu for his “deep economic understanding” as First Bank of Nigeria Holdings plc announces it has met the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement. The development signals a significant…
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Pakistan at Risk: IMF Flags Corruption-Related Money Laundering and Weak Accountability
IMF Warning: A Snapshot of Pakistan’s Financial Vulnerabilities The International Monetary Fund (IMF) has issued a sober warning about Pakistan’s financial integrity, highlighting the country’s significant exposure to corruption-related money laundering. The assessment suggests that while Pakistan makes efforts to stabilize its economy, accountability remains weak and high-profile cases are often entangled in external interference.…