• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

[SURE-P FRAUD] Okonjo Iweala terminates contract of Forcecom Networks

Nairametrics by Nairametrics
May 15, 2015
in Politics
Here Is How This Scathing Article Described “The Failure” of “Iwealonomics”
Share on FacebookShare on TwitterShare on Linkedin

The Minister of Finance, Ngozi Okonjo-Iweala, has directed the immediate termination of the partnership between the Subsidy Reinvestment and Empowerment Programme and Forcecom Networks Limited on the Graduate Internship Scheme. This is contained in a statement issued to journalists in Abuja on Thursday by the Communication Specialist to the SURE-P, Mr. Suleiman Haruna.

The statement said the minister further directed that the firm should be investigated by security agencies. The News Agency of Nigeria reported that the minister said the firm should be investigated for deploying interns to work on mobile money business months after they were deployed to the company. She also accused the firm for presenting time sheets, which showed that the interns had worked and requested payment of their monthly stipend when they did not work.

According to the statement, the GIS guidelines stipulated that interns should be paid for the number of days they worked every month. Okonjo-Iweala said the Managing Director of Forcecom Networks, Mr. Paul Okafor, coerced the interns to sign an undertaking to pay N7,500 out of their monthly stipend for training with the Lekki Business School. She also alleged that the company fraudulently convinced the graduates to register in January 2015 but set their hire date as November 2, 2014.

RelatedStories

Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  

Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  

August 9, 2025
Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 

Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 

August 9, 2025

Source: Punch

Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  
Billionaire Watch

Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  

August 9, 2025
Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 
Appointments

Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 

August 9, 2025
part-time jobs
Education

Top 14 part-time jobs Nigerian students in the U.S. can take to earn between $34,000 and $71,000 annually 

August 9, 2025
Sam Amadi: FG handed states electricity market without risk and readiness assessments, predicts collapse in few years 
Energy

Sam Amadi: FG handed states electricity market without risk and readiness assessments, predicts collapse in few years 

August 9, 2025
ACTIF2025 secured $300 million investment deals – Afreximbank says 
Corporate deals

ACTIF2025 secured $300 million investment deals – Afreximbank says 

August 9, 2025
Truecaller hits 100 million monthly active users in Middle East and Africa, Nigeria ranks among top markets 
Companies

Truecaller hits 100 million monthly active users in Middle East and Africa, Nigeria ranks among top markets 

August 9, 2025
Next Post
Skye Bank to borrow N100billion 3 months after paying over N120b for Mainstreet Bank

Buy, sell or hold? Skye Bank after 2014 FY results

Comments 1

  1. obinna says:
    May 15, 2015 at 6:46 pm

    Yes yes thank God every day for the thief one day for the owner. All the alligations are all true. Yes this was the condition they gave my wife for.them to take her but she did not agree. yet they went ahead to collect all her particulars and then told her and others who did not agree to await for their call. I do not need a prophet to tell me what they use those particulars to do. Oh how I wish that corruption will be dealt with in nigeria. I wish will have the oppurtunity to talk to people concern. let justice and fairness reign in Nigeria.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Palmpay

first bank








DUNS

Recent News

  • Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  
  • Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 
  • Top 14 part-time jobs Nigerian students in the U.S. can take to earn between $34,000 and $71,000 annually 

Follow us on social media:

Recent News

Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  

Abdulsamad Rabiu’s is $2.2 billion richer in 7 months  

August 9, 2025
Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 

Meet Oando’s new company secretary and Chief Compliance Officer, Folasade Ibidapo-Obe 

August 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics