Tag: Regulatory Reform
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ICPC Opens NMDPRA Probe Over Dangote Petition: Nigeria’s Oil Sector in the Spotlight
Background: A New Controversy in Nigeria’s Oil Sector The Nigerian oil and gas landscape faces fresh scrutiny as the Independent Corrupt Practices and Other Related Offences Commission (ICPC) announces it will investigate a petition alleging corruption related to the Chief Executive Officer of the Niger Delta’s regulatory body. The petition, which centers on the Nigerian…
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ICPC Opens NMDPRA Probe Over Dangote Corruption Petition
ICPC Launches Probe Following Dangote Petition The Nigerian anti-corruption watchdog, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has announced that it will investigate a petition accusing an executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of corruption. The move marks the latest development in a long-running scramble over governance…
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Namibia imposes five-year ban on medical supplier over suspected stolen syringes scandal
Background: A major shake-up in Namibia’s health procurement Namibia’s public procurement watchdog has taken decisive action following investigations into the supply chain for medical equipment. The Public Procurement Review Panel has barred a medical supply company, owned by businessman Sakaria Johanness, from participating in public processes for the next five years. The ban is linked…
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Dangote Petitions ICPC Against NMDPRA MD Ahmed Farouk Over Alleged Corruption
Overview: Dangote lodges petition with the ICPC The Nigerian business giant Dangote Group has reportedly submitted a formal petition to the Independent Corrupt Practices Commission (ICPC) alleging corruption involving the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk. While the specifics of the complaint are not fully disclosed in…
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Court Rejects Urgent Bid by Entrépo Finance Over Payroll Deductions System
Overview of the Ruling A district court has rejected an urgent bid from microfinance lender Entrépo Finance seeking a court order compelling the minister of finance, Ericah Shafudah, to testify under oath about how the government plans to implement a fully functional payroll deductions management system. The decision narrows the scope of the dispute to…
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UPDATED: Dangote Petitions ICPC Against NMDPRA MD Ahmed Farouk
Overview: Dangote Files ICPC Petition Against NMDPRA MD In a developing development within Nigeria’s energy regulatory landscape, the Dangote Group has reportedly submitted a petition to the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) alleging misconduct by Ahmed Farouk, the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The…
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Dangote Petitions ICPC Against NMDPRA MD Ahmed Farouk: What We Know
Background: A High-Profile Petition in Nigeria’s Energy Sector The Nigerian energy sector is once again at the center of regulatory scrutiny as Aliko Dangote, chairman of the Dangote Group, submits a formal petition to the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The beneficiary of the petition is the alleged misconduct involving Ahmed…
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Namibia Among Africa’s Top Five for Combating Money Laundering and Financial Crime Risk
Namibia Ranked Among Africa’s Top Five in Fighting Money Laundering Namibia has been highlighted as one of the leading countries in Africa for tackling money laundering and related financial crime risks. The latest assessments place Namibia firmly in the top five on the continent, reflecting meaningful improvements in how the country detects, prevents, and responds…
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Namibia Breaks into Africa’s Top Five for Combating Money Laundering
Namibia’s Rising Standing in the Fight Against Money Laundering Namibia has secured a place among Africa’s top five countries in managing money laundering and financial crime risk exposures. The landmark placement highlights the country’s ongoing strengthening of its anti-money laundering (AML) framework and its commitment to safeguarding the financial system from illicit activity. What the…
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Australia’s Medicinal Cannabis Clash: Government in a Bind Over Banned Doctor
Overview: A regulatory dilemma in Australian medicinal cannabis Australia’s medicinal cannabis program sits at a crossroad. A handful of pharmacies nationwide are scrambling to fill a gap left by a physician banned from prescribing cannabis by the Medical Board of Australia. The situation has put the government in a difficult position: ensure patient access to…