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Colombo Port City – Projecting SL as newest commercial landscape in Asia

Veemansa Initiative, an independent think tank recently held a Webinar on the proposed Colombo Port City Economic Commission Bill and related subjects. Based on the deliberations at the webinar and the follow-up analysis, it was evident that the Colombo Port City Project, a 100% foreign investment venture plans to attract a diverse group of secondary investors. A prime target of the project is the financial sector in order to project Sri Lanka as an internationally competitive Financial Centre. In this regard, the establishment of regional headquarters of international banking giants and other financial sector enterprises is expected to be realized in the initial stages.

NAN workers accuse IPPIS of illegal deductions on February salaries, urge investigation

Views: 577 Workers of the News Agency of Nigeria on Thursday accused the Integrated Personnel and Payroll Information System of effecting illegal deductions on their February salaries. The workers, in separate interviews and written complaints, called for the refund of the deductions and a thorough investigation into what they said was a scam. They accused IPPIS, the body charged with paying the wages of federal workers, of colluding with perpetrators of the scam, and urged leaders of their unions to take up the matter with the concerned authorities. Collins Yakubu-Hammer, the Acting Chairman, Nigeria Union of Journalist, NAN Chapel, Abuja, described the deductions as “strange, illegal and unacceptable”.

BSL investigates Skye Bank s fraudulent transaction : Sierra Leone Concord Times

January 22, 2021 The Bank of Sierra Leone, which is the regulatory institution for all commercial banks in the country, has officially notified Concord Times that they are currently investigating Skye Bank where hundreds of cheques payable to Concord Times were fraudulently deposited into an account owned by an  Indian desperado. In May 2020, the management of Concord Times instituted an internal investigation regarding financial impropriety and discovered that some of the cheques payable to the institution were being diverted at Skye Bank through a fictitious third party authorisation. An account in the name of a certain Indian Businessman, Rakesh Sham Tahiramani, was established at the bank where cheques payable to Concord Times and several other newspapers were fraudulently and consistently deposited and management of Skye Bank never made an attempt to crosscheck with the management of Concord Times to verify the veracity of the said transactions.

When celebrated liars and dishonest personalities head an institution: Skye Bank management shoot themselves in their legs : Sierra Leone Concord Times

January 18, 2021 By Alusine Sesay We have gone through what Skye Bank referred to as press release published in three newspapers including Awoko, Calabash and Salone Times. We hold no grief against the newspapers that published the said press release because our colleagues need money to keep going. Since the management of Skye Bank has declared war, we hope our colleagues in those newspapers will publish our reaction to that disjointed piece of rubbish and bunch of lies issued by celebrated liars and dishonest personalities currently heading the fraud infested bank. Anyway, it is our fight and we are prepared and ready to fight to the finish. 

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