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Bankers who break the rules may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday. The Bank had proposed in a consultation paper in March there could be clawback of bonuses up to six years from the date they were fully paid out.
By Tim Cocks KADUNA Nigeria (Reuters) - In classrooms facing a sandy courtyard in the northern Nigerian city of Kaduna, Maska Road Islamic School teaches a creed that condemns the violent ideology of groups like Boko Haram. Umar Farouk Abdulmutallab, known as the "Pants Bomber", spent his youth in this school - and ended up trying unsuccessfully to blow up a U.S. airliner on Christmas Day 2009 with explosives hidden in his underwear. "We teach them that what they (Boko Haram) are doing is a total misunderstanding of the Islamic religion, that Prophet Mohammed was compassionate, he even lived together with the non-Muslims in Medina," said headmaster Sulaiman Saiki. Koranic schools like Maska Road will be a pillar of the strategy being launched in September to counter Boko Haram's ideology.