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Pulse business wrap BNI uncovers another microfinance scam

The scam was uncovered in the BNI's series of investigations into dealings of some microfianace companies following the scandal that has rocked clients of some of the institutions.

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BNI uncovers another microfinance scam

The Bureau of National Investigations (BNI) has uncovered another microfinance scam involving First Assurance Lending Services.

The scam was uncovered in the BNI's series of investigations into dealings of some microfianace companies following the scandal that has rocked clients of some of the institutions.

The company's Chief Executive Officer, Stephen Mortson, is currently in the police's custody and is due to appear in court 1st February, according to the report.

I don't own Afriwave Telecoms- Dr. Omane Boamah

The Minister of Communications, Dr. Edward Omane Boamah has debunked allegations by MP for Obuasi West, Kwaku Kwarteng that the ministry had fraudulently engaged Afriwave Telecoms to monitor international calls for auditing purposes.

According to  Kwaku Kwateng, his suspicions  stem from the fact that government had already contracted Subah Info Solutionfor the same job, resulting in a reduplication of contracts hence double- payment for the same job.

Dr. Omane- Bomah in response to the allegations, however, denied any such arrangement, maintaining that government has not contracted Afriwave Telecoms Ltd. to monitor international calls.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                             3.82                             4.2

Pound Sterling               5.48                             5.78 

Euro                              4.17                             4.47

 

To updates from the stock exchange today

Tullow Oil Plc was the biggest loser of the day, dropping 1p to close at 27.99p....whereas Sic Insurance Company  and HORDS LTD recorded the biggest gains, gaining 1p  to close at 0.17p and 1p to close at 0.09p respectively.

 

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