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Tag: funds
Top 5 Stories Of The Day| NLC Rejects FG’s of ₦48k as New Minimum Wage
NLC rejects FG's of ₦48k as new minimum wage FG approves plan to remove ₦20 trillion from pension funds for development Nigeria's inflation rate rises to 33.69% in April 2024…
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INEC Confirms Receipt of Funds from CBN for Upcoming Elections
INEC Chairman, Prof. Mahmood Yakubu, announced during a press conference held in Abuja that the commission has received a significant portion of the funds it requested from the Central Bank…
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US, U.K laws designed to receive looted funds from Nigeria – US intelligence expert
Former United States intelligence community’s top expert on Nigeria, Mathew Page, has said that the U.S. and the United Kingdom are the biggest recipients of funds looted from Nigeria. Page…
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Recover N536bn unremitted funds within 7 days, Senate orders CBN
The Senate on Tuesday asked the Central Bank of Nigeria to recover monies collected by banks on behalf of Nigeria Customs Service but unremitted within seven days. The order was…
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How EFCC found $9.8m, £74,000 in ex-NNPC boss’ house – Witness
A witness in the ongoing trial of Andrew Yakubu at the Federal High Court, Abuja on Tuesday narrated how the Economic and Financial Crimes Commission (EFCC) found $9.8m and £74,000…
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FG does not have enough funds to pay workers’ salary arrears – Ngige
by Azeez Adeniyi The Federal Government on Monday met with the leadership of the National Assembly and labour leaders over new minimum wage and salary arrears owed workers. Minister of…
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FG lacks funds to pay salaries, pensions – Udoma
by Azeez Adeniyi The Minister of Budget and National Planning, Udo Udoma has said the Federal Government lacks funds to pay for salaries and pensions. Udoma said this on Thursday,…
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Buhari writes NASS, requests N180bn from unused funds
President Muhammadu Buhari on Monday requested the transfer of funds to settle urgent capital and recurrent expenditures. In a letter written to the National Assembly, Buhari asked that N180bn be…
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State governors steal LG funds – Obasanjo
Former president Chief Olusegun Obasanjo has accused state governors of incapacitating local governments. He made the remark on Tuesday during an interactive session shortly after delivering his keynote address at the…
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Imo state to commence payment of pension on Monday
The Imo State government says it would commence payment of pension on Monday, September 19, Channels Television reports. The Commissioner for Internally Generated Revenue and Pensions Matters, Ifeanyi Ararume, who disclosed this in Owerri…
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ASUU threatens to embark on strike
The Academic Staff Union of Universities teachers, on Tuesday, threatened to go on strike if the Federal Government fails to meet their demand. ASUU Lagos zone Coordinator, Prof. Olusiji Sowande,…
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Opinion: Don’t call me poor- I am satisfied
by Yusuf Abdulkadir Hassan The dearth of thoughts, the absence of ideas, the loss of mind and reasoning. Poverty. Poverty is not the absence of money or the inability to live…
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Opinion: A different perspective for building your Nigerian startup
by Ade Olabode I’ve always been fascinated by FourSquare. They’re like a Phoenix that keeps on rising from the ashes of defeat. There was the debacle of splitting the core…
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81,415, N293bn… | The 5 numbers that mattered this week
1.3 million The number of new teachers needed in the next 6 years to address the acute shortage of qualified teachers for basic education in the country. N293 billion The…
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‘Zenith Bank funded my campaign’ | ‘Aisha Buhari should visit the USA’ – Fayose has more to say
“I have no financial transaction whatsoever with the Office of the National Security Adviser (ONSA) under Col Sambo Dasuki (rtd) and former Minister of State for Defence, Senator Musiliu Obanikoro…
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FG to support state governments financially… but the conditions are strict
The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any…
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Report: Over N1bn already recovered from Diezani’s election largesse
Nigeria has recovered over N1 billion illegally disbursed during the 2015 general elections to some former ministers, Independent National Electoral Commission (INEC) officials, Peoples Democratic Party (PDP) leaders and coordinators of some…
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Just In: NYSC orientation course starts Monday
The management of the National Youth Service Corps has announced that the 2016 Batch A Stream II Orientation course will begin on Monday, June 13. The NYSC said late on…
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‘Ex-ministers, army chiefs…’ | These are some of those who returned stolen loot
The Economic and Financial Crimes Commission (EFCC) is said to be on the trail of $3.9 billion reportedly stolen by treasury looters, The Nation reports. The paper also claimed to…
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‘Funds’ and ‘logistics’ forces NYSC to postpone orientation course
The National Youth Service Corps has postponed the commencement of the 2016 Batch A (Stream II) orientation course. The Management of the NYSC cited 'logistics reasons' as what necessitated the…
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‘Okonjo-Iweala could have resigned, when governors refused to save funds’ – APC
The South East chapter of the All Progressives Congress has said the former Minister of Finance, Dr. Ngozi Okonjo-Iweala, must be prosecuted for her conspiracy in 'squandering the nation’s oil…
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‘Garba Shehu is using Boko Haram to score cheap political points’
Presidential spokesperson, Garba Shehu has been asked to focus his media propaganda on the unpleasant economic situation and general hardship the people of Nigeria are suffering rather than trying to…
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Why recovered funds can’t yet be made public – Presidency
The Presidency has revealed the reason why the funds alleged to be recovered from looters of the nation's treasury cannot be made public just yet. Speaking to the press, Senior…
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Jonathan’s presidential campaign fund to be probed by EFCC
As part of the ongoing investigation into the arms procurement funds diversion, the Economic and Financial Crimes Commission is set to investigate the source of the 2015 presidential campaign funds of…
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I’m not sponsoring pro-Biafra protests – Anyim Pius Anyim
Immediate past Secretary to the Government of the Federation (SGF) Anyim Pius Anyim says he's not sponsoring the ongoing pro-Biafra protests. A news flash had appeared on the Twitter handle of…
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‘Honestly, Buhari should stop lying and get to work’ – Fayose
Ayodele Fayose, governor of Ekiti state has described President Muhammadu Buhari as a liar, over his claim that many of those who looted the nation's coffers, have started returning the stolen…
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Obasanjo claims to have left N287bn Abacha loot in the treasury
Former President Olusegun Obasanjo said he left behind over N287bn loot recovered from late Head of state, Gen. Sani Abacha. Obasanjo says he left in the national treasury the money, which…
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APC praises Buhari for approving N804bn bailout for workers’ pay
The All Progressives Congress (APC) has hailed President Muhammadu Buhari for the N804.7 billion intervention fund he approved for government workers who've been going without pay. In a statement issued…
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“You are an endangered species” – House of Representatives to probe WAEC
by Ubong Nduonofit It seems as though the problems of the education sector will get worse before it eventually gets better as news broke that the House of Representatives are set…
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FG borrows more – “deploys” $14.1 billion for real sector of the economy
by James Sambo The Federal Government has deployed $14.1 billion to support the real sector of the economy. Speaking at the Finance Ministry’s ministerial press briefing on Tuesday, 22 October, in Abuja,…
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