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Young and upcoming - zealousking changes his name to iTunes after dropping one of his singles on the 1st of November, 2020.

Young and upcoming - zealousking changes his name to iTunes after dropping one of his singles on the 1st of November, 2020. The young and upcoming star Divinefavour Ifeanyichukwu Ajuma, popularly known as iTunes changed his name from zealousking to iTunes   after dropping his latest single titled monalisa. He started recording at the studio last year september with his first hit which was a collaboration with other upcoming superstars "tony" and  "icon", which was titled "mama said". Other hits  were singles which can easily be downloaded on the inernet, with One of his hit songs being "isioloma",   with downloads hitting over 10k and streams on Google as " zeal isioma ". The 20 year old musician who is an indigin of abia state, Nigeria and an IT level ( undergraduate) of    The institute of Management and technology, enugu mentioned that the name iTunes is originated from the first letter of his surname and the tunes is gen...
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Nigeria loses N2.5 trillion to fraud every year- Forensic body reveals.

Nigeria loses N2.5 trillion to fraud every year- Forensic body reveals

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The Society for Forensic Accountants and Fraud Prevention (SFAFP), a body that studies the management of funds by Government agencies, has revealed that Nigeria loses N2.5 trillion  yearly in the national budget to public sector fraud and corruption.


SFAFP Chairman Iliyasu Gashinbaki, revealed that in Africa, 25 per cent of annual budgets of countries are diverted through bad schemes by politicians.  

 

Gashinbaki, speaking at a virtual induction of 192 associates of SFAFP at the weekend, revealed public officers mismanaged government money by unlawful use of public assets for private advances, underpayment of taxes and duties on export as well as import.

Other methods of embezzlement include payment of salary to ghost workers; bribery and extortion; payment for air supply (goods or services not provided or rendered); over and under-invoicing; fraudulent court awards of financial compensations above damage suffered.

“Recent studies have shown that most African governments struggle with the huge debt burden, in addition to huge loss of revenue due to fraud and corruption consistently draining its little resources.

"In Nigeria, N2.5 trillion is lost yearly to fraud using schemes like over and under-invoicing'. He said.

"Other ways include fraudulent court awards of financial compensations above damage suffered, fraud and embezzlement include payment of salary to ghost workers; bribery and extortion; payment for air supply and goods or services not provided or rendered.

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According to Gashinbaki, the SFAFP, would continue to provide technical support for the public and private sectors.

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