It is my sincere pleasure to deliver this Keynote, being the Second Annual Christopher Kolade Lecture on Business Integrity on the theme “Making the Business Case for Business Integrity”. Apart from the honour of being in the same room with distinguished men and women of integrity like the iconic Dr. Christopher Kolade, I am delighted […]
The Lagos Chambers of Commerce and Industry (LCCI) has said counterfeit products still come into the country because Nigeria has very weak institutions. Its Director-General, Mr Muda Yusuf, said this was the reason the compliance level of most government’s policies is low Continue Reading
For the organised private sector, the intervention of the Federal Government is very auspicious at this critical period to clarify the roles of its agencies whose activities have been identified to be stalling the growth of business in the country. Its recent study has revealed that regulatory challenges and their attendant costs have been the […]
The 2nd installment of the annual Christopher Kolade lecture series held yesterday, September 11, 2014 and it was well attended by industry leaders, regulators, academia and members of the press. The evening started with a welcome address by Soji Apampa, Executive director of the Convention on Business integrity who mentioned that the reason why the […]
Italian oil and gas major Eni, the parent company of Nigeria Agip Oil Company, is being probed over suspected corruption linked to the acquisition of Oil Prospecting Licence (OPL) 245 in Nigeria for over a billion dollars. A Milan prosecutor is probing the role of Claudio Descalzi, Eni’s chief executive officer (CEO), his predecessor and […]
The Chief Executive Officer (CEO) of MainOne, Funke Opeke, was among global policy makers, international organisations and other global internet stakeholders in Istanbul, Turkey last week that discussed Policies enabling access, growth and development on the Internet. The Ninth Annual Internet Governance Forum conference with the theme “Connecting continents for enhanced multi-stakeholder Internet governance” was […]
The only surviving founding father of the Nigerian Stock Exchange (NSE) and the Doyen of the Accountancy, Mr. Akintola Williams, has urged stakeholders at the stock exchange to sustain the high degree of integrity on which the stock market was founded. Williams, now 95, together with six other eminent Nigerians, had in 1960 signed on […]
Nigeria’s rank slid down 7 points on this year’s instalment of the Global Competitiveness Ranking produced by the World Economic Forum. Nigeria ranks 127 out of 144 countries in global competitiveness, which is a composite index comprising of 12 pillars that determine the productivity of a country. These pillars include institutions, infrastructure, macroeconomic environment, health […]
A Federal High Court has temporarily frozen at least 20 accounts belonging to Sani Dangote, a brother to billionaire businessman Aliko Dangote, over his alleged failure to pay a N5.2 billion obtained from Union Bank. All cheques drawn on all of Mr. Dangote’s accounts in 20 banks are not to be honoured, the court in […]
The Nigerian Civil Aviation Authority (NCAA) has warned domestic airline operators in the country against non-payment of their staff salaries as they may lose their Air Operators Certificate (AOCs), if the practice persists. The warning may not be unconnected with speculations in some quarters that one of the startup airlines owed its workers six months […]
The Federal Government has blacklisted a contractor, Techno Electric and Engineering Company, and the firm’s directors for abandoning an electricity substation project in Ebonyi state. This decision was taken on Wednesday by the Federal Executive Council (FEC) which also approved the National Integrated Infrastructure Master Plan (NIIMP) aimed at improving Nigeria’s infrastructure outlay with $3.05 […]
The World Economic Forum on Wednesday released the 2015 Global Competitiveness Index report and Nigeria dropped to 127 of the 144 countries assessed. This thus indicated that the country fell by seven places from the 120 position it occupied last year. The development further shows that Nigeria has remained one of the poorest countries in the […]
LAGOS, SEPTEMBER 11, 2014. The Convention on Business Integrity will today hold the second instalment of the Annual Christopher Kolade Lecture on Business Integrity that commenced last year. This year, the lecture will examine the ethical foundations businesses in Nigeria need to put in place to ensure that their net effect on all their stakeholders, […]
You recent won an award from the Institute of Risk Management. Why is winning this award important to you? Thank you and I have to say it is something we are very proud of. The truth is that, any organization that wants to compete on the world’s stage must ensure that it has robust and […]
Sustenance of stakeholder value in the nation’s banking sector may remain a pipe dream unless the current rising cost of compliance breaches by banks with its attendant reputation damage is radically tackled. The Managing Director of Heritage Bank, Mr. Ifie Sekibo, said this during a goodwill message to members of the Committee of Chief Compliance […]
The Accountant-General of the Federation, Mr Jonah Niyi Otunla has called on every state government in Nigeria to ensure that they urgently comply with the provisions of the International Public Sector Accounting Standards (IPSAS) as this would soon be used as yardstick before they are granted further local or foreign loans. He gave this directive […]
Recently at the Convention of Business Integrity, we had reason to administer an electronic survey to staff and suppliers of some listed companies. The survey was a questionnaire designed to elicit the stakeholder’s assessment of the company’s integrity. Till date, we have recorded response rates of about 40 percent in case of staff and about 20% […]
INTERNATIONAL Monetary Fund (IMF) Managing Director, Christine Lagarde has been put under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when she was finance minister. Lagarde, who this week was questioned by magistrates in Paris for a fourth time under her existing status as a witness in the […]
THE Federal Government, through the Nigerian Shippers Council (NSC), has unfolded plans to investigate the high tariff and multiple charges’ regime at the gateways, which has reduced the business-friendly profile of the ports. The Executive Secretary and Chief Executive Officer of NSC, Hassan Bello made this known yesterday, describing the high tariff saga as illegal, […]
Ministries, Departments and Agencies (MDAs) of government as well as other financial institutions have ignored the Stamp Duties Act enacted since 2004, Daily Trust learnt. The Act made it mandatory on all agencies of government, financial institutions, and other private companies to affix stamp on all receipts and documents issued at the end of any […]