Exchange spends N186m on Rolex watches in 2008
The report on the investigation of the Nigerian Stock Exchange (NSE) under the leadership of its former director general, Ndi Okereke-Onyiuke, showed that in 2008,For more detailed search information about cctv ccd camera. the Exchange spent N186 million to buy Rolex watches for long serving employees.
The yet-to-be officially released report,Fashionable covert spy camera arrived. a product of investigations by KPMG, an audit firm,Sony SSC-DC374 Color cctv security camera. and Aluko Oyebode & Co., a legal firm, revealed that “at the beginning of 2008, the NSE expended the sum of N45 million in purchasing 64 Rolex watches for presentation to employees who had served the NSE for 10 years.”
The report also noted that “later in the same year, Candy Floss Limited (a company owned by Yinka Idowu, former head of NSE’s corporate affairs department),jerseys Watches sell at lowest prices. was given N95 million for an additional purchase of 91 Rolex watches, and subsequently, after the award ceremony, another 10 Rolex watches at the cost of N46 million were purchased.”
Meanwhile, the investigators said they observed that the award ceremony document showed that only 73 out of the 165 Rolex watches purchased were actually presented to the awardees, meaning that 92 Rolex watches valued at N99.5 million were unaccounted for.
“We further observed that the schedule containing the list of staff members eligible for long service awards only contains 63 names; suggesting that 10 additional and unauthorised people received presentations,Shop our endless assortment of compact fluorescent light.” the report added.
The report on the investigation of the Nigerian Stock Exchange (NSE) under the leadership of its former director general, Ndi Okereke-Onyiuke, showed that in 2008,For more detailed search information about cctv ccd camera. the Exchange spent N186 million to buy Rolex watches for long serving employees.
The yet-to-be officially released report,Fashionable covert spy camera arrived. a product of investigations by KPMG, an audit firm,Sony SSC-DC374 Color cctv security camera. and Aluko Oyebode & Co., a legal firm, revealed that “at the beginning of 2008, the NSE expended the sum of N45 million in purchasing 64 Rolex watches for presentation to employees who had served the NSE for 10 years.”
The report also noted that “later in the same year, Candy Floss Limited (a company owned by Yinka Idowu, former head of NSE’s corporate affairs department),jerseys Watches sell at lowest prices. was given N95 million for an additional purchase of 91 Rolex watches, and subsequently, after the award ceremony, another 10 Rolex watches at the cost of N46 million were purchased.”
Meanwhile, the investigators said they observed that the award ceremony document showed that only 73 out of the 165 Rolex watches purchased were actually presented to the awardees, meaning that 92 Rolex watches valued at N99.5 million were unaccounted for.
“We further observed that the schedule containing the list of staff members eligible for long service awards only contains 63 names; suggesting that 10 additional and unauthorised people received presentations,Shop our endless assortment of compact fluorescent light.” the report added.
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