Showing posts with label economic. Show all posts
Showing posts with label economic. Show all posts

Monday, September 29, 2014

Nigeria at 54: Promoting tourism for economic growth (2)




There are quite a number of attractive, exciting, exotic and amazing tourist spots and destinations waiting to be explored in various parts of the country, many of which are wonders of nature, spectacles of beauty and entertainment and symbols of monument which depict the rich history and culture of our proud national heritage.

Wednesday, March 27, 2013

From Lasgidi To Kano By Train: Nigeria Train Aims to Ease Economic Strain (PHOTOS)



Follow Financial Times journalists as they set out on a journey from Lagos to Kano by train... 
Standing on the train platform in Lagos with a tiny pink ticket in her hand, Cyrina Kazeem, a 63-year-old grandmother, felt like a wide-eyed child again. More than 50 years ago, before Nigeria's railway network had fallen into disrepair, her father treated her to a train journey every Christmas.
Now she was preparing for her first rail trip in decades – a 1,126-kilometre journey across the most populous country in Africa, from the commercial capital Lagos in the south to Kano, the main city in the north.

Sunday, September 30, 2012

EFCC advises travellers not to exceed $10000 forex limit



Economic and Financial Crimes Commission on Sunday advised persons travelling out of Nigeria not to exceed the statutory $10,000 foreign exchange limit.

EFCC Secretary, Mr. Emmanuel Akomaye, who gave the advice in an interview with the News Agency of Nigeria in Abuja, said any traveller carrying any amount above the limit should be prepared to declare it to Customs.

Akomaye blamed Nigeria’s fraud, terrorism, money laundering and drug vulnerability on its cash-based economy and commended the National Assemby for showing commitment to strengthening Nigeria’s anti-money laundering and anti-terrorism laws.

The commission on Thursday arrested a 24 year-old Nigerian, Abubakar Tijani Sheriff, for allegedly attempting to travel out with the sum of $7 million (N1,120,000 billion).

He was arrested at the Murtala Muhammed International Airport, Lagos as he was trying to travel to Dubai aboard a United Arab Emirates flight.

After his arrest, he said that he had a total sum of $4.5million.

But when he was thouroughly searched, he was found to have $7,049,444 on him.

He later confessed that he was a courier for 20 individuals who hired him to take the money for them to Dubai.

Authorities said they were working on the theory that he was a money laundering courier.

He has reportedly named 20 individuals who sent him on the errand.

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Source : punchng[dot]com

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