Ancelotti to Face Trial for Tax Fraud

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Real Madrid Coach, Carlo Ancelotti will stand trial for tax fraud after he allegedly failed to declare image rights earnings in 2014 to the Spanish tax office.

A Spanish judge said Ancelotti had acknowledged the actions which deprived the country’s treasury of 386,361 euros ($428,000), in a court document seen by AFP on Wednesday.

Ancelotti had declared his earnings as Real Madrid coach in the 2014 tax year but not earnings from his image rights or other related income, according to the accusations by the Spanish tax office.

Written by: Helen Obih

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CBN to Commence Remittance Payout to Beneficiaries

The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators to commence remittances payout in Naira to beneficiaries. It has also directed that the Investors’ and Exporters’ Window foreign exchange rate should be used in determining the rate for such Naira payout. These were contained in a CBN circular referenced: FED/FEM/PUB/FPC/001/004 issued by the Director of Trade and Exchange, Ozoemena Nnaji. The new circular, was in furtherance to […]

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