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Tag: Bailout funds
Senate to probe Paris Club refunds, bailout funds
The Senate on Thursday decided to probe how the Paris Club Refunds and other bailout funds to state governors were approved. The Senate’s decision followed a point of order raised…
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EFCC investigates Fayose’s govt over alleged diversion of N680m bailout funds
The Economic and Financial Crimes Commission (EFCC) is investigating the Ayodele Fayose government in Ekiti for alleged diversion of over N680million meant for salaries and pension of civil servants, The Nation…
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Why governors can’t be blamed for diverting bailout funds – Reps member
Lawmaker representing Akure North/South Federal Constituency of Ondo State in the House of Representatives, Hon. Ajisafe Olowookere has supported governors who divert part of their bailout funds for other projects.…
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You are living up to your status as APC’s attack dog | Fayose tells EFCC
The Ekiti State government has said the arrest of Commissioner for Finance, Chief Toyin Ojo, and the Accountant General, Mrs Yemisi Owolabi, by the Economic and Financial Crimes Commission is an…
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Kogi, Ekiti, others still owing salaries despite bailout funds and Paris Club refund – NLC
The Nigeria Labour Congress (NLC) has threatened to name and shame state governors, who refused to pay complete salaries to workers in the country, in spite of the bailout funds…
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Approve bailout for FG’s N174bn pension arrears, Senate urges Buhari
The Senate on Tuesday urged President Muhammadu Buhari to approve bailout fund to tackle the challenges being faced by pensioners in the country. The upper chamber said the fund will…
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Tell Ekiti workers how bailout funds was spent, APC to Fayose
The Ekiti chapter of the All Progressives Congress (APC) has called on state governor Ayodele Fayose to explain to workers how he spent bailout funds given to it by the…
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Clear yourself of $10m laundering allegations, APC tells Okowa
The All Progressives Congress (APC) in Delta state has accused the state of embezzling N48.6bn According to the APC, this was part of allocation from the Federal Government for the Delta…
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Gov. Okowa denies attempt to launder $10m with US-based mistress
Delta State Governor, Ifeanyi Okowa has denied allegations that he tried laundering $10m bailout funds through a US-based Ika-born actress, Georgina Onuoha. In a statement by the Delta State Commissioner…
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“How governor lost $10m bailout funds to mistress”
Security agencies are currently probing a governor for allegedly diverting $10 million bailout funds allocated to his state, which was hijacked by his mistress, The Nation reports. The governor reportedly sought…
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FG receives states’ approval to probe N510bn bailout funds spending
Commissioners of finance of 36 states have backed the planned audit of the utilisation of the N510bn disbursed to states last year. Chairman, Forum of Finance Commissioners of the Federation…
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FG commences audit of states’ utilisation of bailout funds
The federal government has hired private accounting firms to commence audit on how 35 states utilised about N510 billion given to them to meet their financial obligations. A statement, by Salisu Danbatta,…
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Bailout funds is not Christmas gift, APC tells Fayose
The All Progressives Congress (APC) in Ekiti says Governor Ayodele Fayose must account for how bailout funds given to the state were spent. In a statement issued on Thursday by…
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I won’t allow you probe how I spent bailout funds, Fayose tells Senate
Ekiti State government has said it would not allow the senate probe how it spent bailout funds from the Federal Government. In a letter dated November 11 and signed by…
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Sanusi replies Falana, says he is ready for probe
A former governor of the Central Bank of Nigeria, Lamido Sanusi says he is ready for his time as head of the bank to be probed, Premium Times reports. It would be…
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27 states to be probed over spending of bailout funds
The House of Representatives, on Thursday July 14, commenced probe of 27 state governments over the application of N689.5bn bailout funds granted them. The decision was taken at the plenary…
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Bailout funds diversion: ‘ICPC was stingy with facts’ – Okorocha
The Imo State Government has refuted claims made by the Independent Corrupt Practices and other Related Offences Commission (ICPC) that it misappropriated the bailout funds collected from the Federal Government…
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EFCC arrests 3 aides of Okorocha over ‘N2bn’ bailout funds diversion
Three top officials of the Imo state government were on Wednesday, arrested by agents of the Economic and Financial Crimes Commission. According to the anti-graft agency, the trio diverted N2bn…
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Why I refused to collect bailout from FG – Governor Udom
Akwa Ibom State Governor, Udom Emmanuel, has explained why he refused to collect the bailout fund offered to states, by the Federal Government to pay arrears of workers salaries. Udom said his…
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Spies reportedly assigned by ICPC to monitor state governors
It is believed that the Independent Corrupt Practices and Other Related Offences Commission has assigned operatives to monitor state government that have received bailout funds from the Central Bank of Nigeria.…
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THE YNAIJA TRACKLIST: MASSOB leader begs UN to allow Biafra secede from Nigeria | Timipre Sylva finally accepts APC’s decision | Assembly dashes Ambode’s hope over commissioners | More stories
Buhari speaks on Saraki’s trial and ministerial list (WATCH). YNaija Bailout: Ondo workers begin warning strike Wednesday. Premium Times MASSOB leader begs UN to allow Biafra secede from Nigeria. YNaija…
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These are the 19 states that have received bailout funds
19 states have received their share of the bailout package from the Central Bank of Nigeria. According to the CBN, the bailout funds to pay arrears of workers' salary, has been…
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Fayose elevates importance of stomach infrastructure while talking bailout fund
Ayo Fayose, Ekiti state governor, has promised not to divert the bailout fund provided by the Federal Government, to help the state pay workers' salary arrears. Fayose, said just as it's written in…
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ICPC, NLC to monitor release of bailout funds by state governors
The Nigeria Labour Congress (NLC) has said it will work with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to monitor the release and use of the N338 billion…
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Catholic Archbishop breathes down Okorocha’s neck over bailout funds
Imo state government has acknowledged the fact that it has received its share of the bailout fund from the Federal Government. In reaction, the Catholic Archbishop of Owerri Ecclesiastical Province, His…
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Ekiti APC and Fayose ‘disagree’ over supposed CBN loan
The All Progressives Congress (APC) in Ekiti State has said the request by the state governor, Ayodele Fayose, for a N9.6 billion bailout from the Central Bank of Nigeria (CBN)…
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CBN orders banks to release bailout funds to states
The Central Bank of Nigeria has instructed Banks to release funds to state governments for the payment of salary arrears of their workers. The directive was communicated through a statement signed…
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Government says bailout money will be deducted from states’ allocations
The bailout is apparently not for free as earlier thought. Findings have revealed that the bailout package being prepared by the Central Bank of Nigeria (CBN) for the 36 states…
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Governors claim they did not get any bailout fund from Buhari
Governors of the 36 states under the aegis of the Nigerian Governors Forum (NGF) has formally declared that it did not received any bail out fund from the federal government. The governor’s however stressed…
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Buhari is being sued over bailout to states
Apparently not everybody is happy with the bailout fund approved by President Muhammadu Buhari to states to settles backlog of unpaid salaries. A member of the House of Representatives, Igariwey…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy