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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”
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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.

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Source: Punch

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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.

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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.

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  • WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 
  • Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 
  • ‘The era of pit to port must end’ – Tinubu tells West African leaders at WAES2025 

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Yusuf Tuggar, Nigerian military

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025
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