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#EndSARS: Anonymous allegedly hacks GTBank, credits N5,000 to current account users

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The dreaded hacktivist group, Anonymous, has allegedly hacked GTBank and credited N5,000 to all current account customers.

This was disclosed by customers of the Guarantee Trust Bank (GTBank) who have taken to Twitter to trend “Gtbank” on the app’s Top Trends section.

#EndSARS: Anonymous allegedly hacks GTBank, credits N5,000 to current account users

Recall earlier today, we reported that same Anonymous allegedly hacked Telecommunications giant, Airtel, and disbursed N1,000 worth of airtime to all customers.

After reportedly hacking NBC, CBN, DStv, GOtv, and Airtel, the hacktivist group has now hacked Airtel in solidarity with #EndSARS protesters.

The now global #EndSARS campaign has been on for over ten days as protesters agitate for police reform and better governance in Nigeria.

See tweets below;

#EndSARS: Anonymous allegedly hacks GTBank, credits N5,000 to current account users

#EndSARS: Anonymous allegedly hacks GTBank, credits N5,000 to current account users

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FG saves N45bn monthly through TSA, says minister

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Nigeria on Tuesday signed a Memorandum of Understanding with The Gambia to avail the foreign nation Nigeria’s vast knowledge, experience and technical expertise on the implementation of the Treasury Single Account.

Minister of Finance, Budget and National Planning, Zainab Ahmed, who signed on behalf of Nigeria in Abuja, said the MoU was based on the recommendation of the International Monetary Fund.

She also told her guests that Nigeria was saving about N45bn monthly through the implementation of the TSA, adding that The Gambia had in 2019 requested for technical cooperation with Nigeria to support its own transition to TSA.

In her remarks at the MoU signing ceremony, which was made available to our correspondent in Abuja, the minister further stated that Nigeria would export other Public Financial Management reforms to The Gambia.

Ahmed said, “The cooperation seeks to avail the Ministry of Finance and Economic Affairs of The Gambia with the vast knowledge, experience and technical expertise that Nigeria has gained in the past 15 years of implementing TSA in particular and other Public Financial Management reforms, in general.

“By so doing, The Gambia is properly guided as it implements its own TSA. The cooperation will enable The Gambia to leverage on the experience of Nigeria to build on our strengths while avoiding our mistakes.”

On the benefits of TSA implementation in Nigeria, Ahmed stated that it had helped the Federal Government to make monthly savings that run in several billions of naira.

She said, “Implementation of TSA has benefited Nigeria immensely. Among other verifiable benefits, we can now easily determine our aggregate cash balance which is critical for managing public finances at a time of acute fiscal constraints.

“In addition, we are saving average N45bn monthly in interest payments. On the monetary policy side, we have better control over money supply and therefore able to rein in inflation and undue pressure on the naira.”

The minister said the country’s foreign reserve position had also recorded appreciable improvement through the consolidation of Federal Government foreign currency earnings under the TSA.

Ahmed said it was her expectation that The Gambia would enjoy all of these benefits if they diligently implement the TSA.

She, however, told her guests that they would need strong political support to deal with the heavy lifting associated with PFM reforms.

“Do not embark on this journey if you are not confident that you have the buy-in of your topmost political leadership,” the minister told officials from The Gambia.

Speaking for her team, the Permanent Secretary, Ministry of Finance, The Gambia, Ada Gaye, said the visit to Nigeria had helped them to understand the workings of the TSA, adding that her country would adopt the initiative in managing its finances.

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FG Cuts N2 From New Pump Price, Petrol To Sell At N170.17

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The Nigerian National Petroleum Corporation (NNPC) has cut N2 from N155.17 ex-depot price of petrol earlier announced on Friday.

With this new price, a litre of petrol will now sell at between N166.17 and N170.17 across the country.

The state oil company announced the reduction in a statement on Friday night.

“NNPC is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection) to N130 and N155.17 respectively and wishes to clarify that although there was a slight increase in the price based on the prevailing realities of market forces of demand and supply, the correct prices, as can be seen on PPMC’s “Customer Express” platform (online portal for procurement of petroleum products) are: Ex-Coastal Price – N128, and Ex-Depot Price (with collection) – N153.17,” the statement said.

The statement by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, advised marketers to make their purchases through the online “Customer Express” platform
at the recommended prices.

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