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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Encourage China to support Ghana’s debt restructuring – Akufo-Addo to Germany

    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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Caught in Employment Scam, CBN Explains ‘Secret Recruitment’

bycitibusinessnews
March 18, 2016
in Africa, West Africa
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The Central Bank of Nigeria has said it opted for a secret process of hiring new staff in the past two years because the bank was doing “targeted recruitment”.

The apex bank is at the centre of a recruitment scandal exposed by two newspapers.

A news report published Wednesday by Daily Trust, said the CBN secretly recruited 909 staff between June 2014 and February 2015, in violation of due process and federal character principles.

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The report followed a news story by news website, SaharaReporters, on Tuesday, showing how children and relatives of some influential Nigerians, including a nephew of President Muhammadu Buhari, were dubiously and secretly hired by the CBN.

The CBN’s acting Director of Corporate Communications, Isaac Okorafor, told PREMIUM TIMES that the bank did nothing illegal or wrong in hiring without advertising.

 “In the last two years, we have had cause to recruit specialists, and what the law says is that if we are going for that kind of recruitment we should apply for waiver, so that we can do targeted recruitment,” Mr. Okoroafor said. He said the bank obtained waiver from the Federal Character Commission.

“The other issue is that there are states that are not well represented (in the CBN), and in this case we focus on those states to recruits people of certain classes that we used to cover the shortfall in those states,” Mr. Okoroafor said.

Mr. Okoroafor however said he was not ready to confirm or deny the names on the list.

“Is there any qualified Nigerian who does not have the right to work in the CBN?” he asked.

–

Source: All Africa

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