President Bola Tinubu has presented a ₦1.78 trillion budget proposal for the Federal Capital Territory to the National Assembly. Tinubu, in a letter read on the floor of the Green Chamber on Tuesday by Speaker of the House of Representatives, Tajudeen Abbas, urged the lawmakers to fast-track its passage to facilitate critical development projects in the nation’s capital. Tinubu stated that the budget presentation was in compliance with Section 299 of the Nigerian Constitution, which empowers the president to lay the FCT’s budget before the legislature. In his letter, the…
Day: May 6, 2025
PWAN not licensed to operate in Nigeria, SEC warns investors
The Securities and Exchange Commission has issued a stern warning to the public regarding the operations of Property World Africa Network, also known as PWAN MAX, which has been soliciting funds from unsuspecting investors under the guise of a real estate investment company. The SEC has clarified that PWAN/PWAN MAX is not registered with the Commission to operate in any capacity within Nigeria’s capital market, raising serious concerns about the legitimacy of its activities. In a public notice released on Tuesday via its official Twitter handle, the SEC revealed that…
