President Goodluck Jonathan, who returned to Nigeria on Wednesday evening, was a partial recipient of a swipe from Edo state governor, Adams Oshiomhole. Oshiomhole said the ‘misrule of the past’ is directly responsible for the economic crisis Nigeria is currently immersed in. In essence – former Presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan, among... Read More

Adams Oshiomhole, cash crunch, economy, Goodluck Jonathan, nigeria

August 9, 2015

0 Comment

Banks refuse to give loans to cash-strapped Senators

Senators in the country are facing hard times as they have not been paid their June and July salaries and banks are turning down their request for loans, following the cash crunch that is affecting the three tiers of government in the country. It was revealed that the senators had not received salaries since their inauguration... Read More

The News Blog

banks, cash crunch, loans, reject, senators, unpaid salaries

August 7, 2015

0 Comment

Federal Lawmakers owed salaries, allowances as cash crisis hits House of Reps

The reduction of the National Assembly’s budget from N150bn to N120bn has resulted in unpaid salaries and allowances of members of the House of Representatives. Punch reports that the 360-member legislature has not paid the June and July salaries of lawmakers. The lawmakers were to each receive about N18m in June at the commencement of the 8th Assembly. The... Read More

The News Blog

allowances, budget cut, cash crunch, House of Reps, salaries, Yakubu Dogara