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news you can trust I ** wednesDAY 29 january 2020 I vol. 19, no 487
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Prompted by BusinessDay report, Immigration opens investigation into alleged corruption at borders
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Continues on page 38
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Julius Berger’s Q4 profit hits N10.3bn on improved government spending P. 2
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L-R: Nnamdi Okonkwo, managing director/CEO, Fidelity Bank plc; Mohammed Balarabe, former deputy managing director, Fidelity Bank plc, and Gbolahan Joshua, executive director, operations and information, Fidelity Bank plc, at the Fidelity Bank Year End/Customer Appreciation Party themed ‘Give Them Wings’ held in Lagos.
INNOCENT ODOH, Abuja bout three weeks after BusinessDay published an investigative report exposing widespread corruption at the country’s land borders, the Nigerian Immigration Service (NIS) has commenced investigation into the matter. Sunday James, a deputy comptroller and public relations officer of the Service in charge of the Seme Border, told BusinessDay that the report prompted the comptroller general of immigration, Mohammed Babandede, to order an intensive investigation into the matter and report back to him. BusinessDay’s investigation, published on January 9, 2020 and entitled ‘With just N200 bribe per immigration checkpoint, illegal migrants are infiltrating Nigeria through Sokoto’, had documented how officers of the Immigration Service and other security agencies conspire with mischievous commercial drivers to extort illegal immigrants and permit them entry into Nigeria in a strict bribe-andpass pattern – at the expense of national security. In an accompanying video
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Business leaders expect next decade to bring growth or stagnation LOLADE AKINMURELE, MICHEAL ANI, ENDURANCE OKAFOR & SEGUN ADAMS
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igerian business leaders and top corporate executives expect two possible outcomes for Africa’s most populous nation in the next decade through 2030. In the next 10 years, Nigeria could host a fourth of the
Speed of reforms to determine which outcome
world’s poorest or it could be in the league of the top 20 global economies, an expectation that had failed to materialise in the last decade, according to corporates at the BusinessDay Nigeria economic outlook. The experts who spoke on the theme ‘Nigeria’s Prosperity Ahead 2030: Population, Data,
Productivity’, said although Africa’s largest economy might have missed the shot in the last decade, it has an opportunity of getting its economic prosperity right by rolling out the appropriate reforms that would retain and attract private capital and control rising poverty. “Depending on whether or
not reforms are embarked on, Nigeria could end up with the continuity of a broken middleclass,” said Olu Akanmu, executive director, FCMB Retail. “Or it can rebuild its middle-class population and lift people out of poverty.” Segun Omosehin, managing Continues on page 38