Mike Okiro Dismisses Allegations Of Funds Embezzlement

Mike-OkiroThe Chairman of the Police Service Commission, Mr Mike Okiro, has denied claims that he embezzled over 275 million Naira election monitoring fund belonging to the commission.

Mr Okiri, who is being investigated by the Independent Corrupt Practices and Related Offences Commission, told Channels Television on Monday that there was no iota of truth in the allegation.

He insisted that the said fund was utilised for the purpose it was allocated.

According to the former Inspector General of Police, the balance of the fund was in the account of the commission.

“The allegation by a suspended staff of the commission is false and malicious,” he stressed.

Mr Okiro, who headed the Nigeria Police Force from 2007 to 2009, expressed optimism that the commission would do due diligence in its investigation.

Nigeria’s Inflation Rate May Go Down To Less Than 7 Percent – Okoroafor

As the five-year tenure of the governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, draws to a close, the apex bank has expressed satisfaction with the level of achievements so far.

Director of Corporate Communications of the CBN, Mr Ugo Okoroafor, said that the CBN had achieved its mandate 100 per cent, as it had brought stability in rates which would in turn help investors to plan and manage their investments.

Channels Television played host to Mr Okoroafor on the daily business programme, Business Morning.

The focus of the programme was on the IMF Article 4 Consultation Report, which says that the Nigerian economy at 6.8% performed strongly in the year 2013, and is expected to grow by about 7% by 2014.

Mr Okoroafor, while expressing joy about the IMF report, stressed that Nigerians should look inwards and see the changes that were taking place, as those noticeable changes were what the IMF reports was based upon.

He highlighted the closer collaboration between fiscal authorities and the monetary authority – the CBN, as one of the major fundamental changes that had resulted in the positive projections, claiming that finally, the apex bank’s policies have started to drive the economy, a development he said showed that their decisions were effective.

He also expressed optimism that the nation’s inflation rate which had remained stable at a single digit may go down to less than 7 per cent.