Tag: Bailout funds

AzeezOctober 19, 2017

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 ...

Omoleye OmoruyiOctober 14, 2017

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 ...

AzeezOctober 4, 2017

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 ...

AzeezSeptember 29, 2017

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 ...

Omoleye OmoruyiSeptember 20, 2017

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 ...

AzeezMarch 29, 2017

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 ...

Oludolapo AdelanaFebruary 15, 2017

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 ...

AzeezFebruary 4, 2017

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 ...

AzeezJanuary 29, 2017

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, ...

AzeezJanuary 28, 2017

“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 ...

AzeezJanuary 24, 2017

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 ...

Oludolapo AdelanaJanuary 10, 2017

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 ...

Oludolapo AdelanaNovember 17, 2016

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 ...

AzeezNovember 16, 2016

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 ...

Oludolapo AdelanaSeptember 24, 2016

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 ...

AzeezJuly 15, 2016

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 ...

Azubuike AzikweApril 25, 2016

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 ...

Kolapo OlapojuMarch 3, 2016

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 ...

Janeth JNovember 9, 2015

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 ...

Kolapo OlapojuOctober 10, 2015

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 ...

Janeth JSeptember 30, 2015

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 ...

Kolapo OlapojuSeptember 19, 2015

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, ...

Janeth JSeptember 19, 2015

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 ...

Janeth JSeptember 17, 2015

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 ...

Kolapo OlapojuSeptember 4, 2015

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 ...

Janeth JSeptember 2, 2015

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 ...

Kolapo OlapojuAugust 27, 2015

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 ...

Janeth JJuly 28, 2015

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 ...

Janeth JJuly 23, 2015

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 ...

Janeth JJuly 16, 2015

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 ...

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