The Assets Management Corporation of Nigeria (AMCON) has said it would require N10 billion to fix the rot in Arik airlines. The asset company made the disclosure in a statement signed by its Spokesman, Jude Nwauzor in Lagos. AMCON said it has discovered enormous rot in Arik after taking over the airline last week. It... Read More

AMCON, Arik Airline, N10bn, N300B, Roy Ilegbodu

October 14, 2016

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FG orders EFCC to refund N10bn to NBC

The federal government has ordered the Economic and Financial Crime Commission (EFCC) to refund the sum of N10 billion it confiscated to the National Broadcasting Commission (NBC). NBC’s Director General, Modibo Kawu, told journalists on Thursday ahead of the Africast Conference holding next week. According to Kawu, the presidential order for the release of the money was to enable the... Read More

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Africast Conference, confiscation, Digitisation, EFCC, Modibo Kawu, N10bn, NBC

September 20, 2016

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25,000 youth to benefit from FG’s YES programme quarterly

The Bank of Industry on Tuesday said 25,000 Nigerian youths will be engaged in the Youth Entrepreneurship Support (YES) Programme of the Federal Government quarterly. North East Regional Head of the bank, Malam Aliyu Umaru said this in Maiduguri at the opening of a five-day capacity building workshop for participants under the programme. He said the bank... Read More

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25000 yiuths, Federal Government, N10bn, yes, Youth Entrepreneurship Support

April 9, 2016

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Wike given green light to borrow another 10bn

Rivers state governor, Nyesom Wike, was on Friday, given approval to obtain a N10 billion loan from the Excess Crude Account (ECA). The approval of the loan by the Rivers State House of Assembly, was in response to a letter Wike sent to the assembly through the Speaker. In the letter, dated April 5, 2016,... Read More

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loan, N10bn, Nyesom Wike, Rivers State, wike

March 12, 2016

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How Jonathan’s govt ‘withdrew N10bn’ seven weeks before Buhari’s inauguration

The Economic and Financial Crimes Commission is investigating the withdrawal of another N10 billion from the Signature Bonus Account (oil block account) by the government of former President, Goodluck Jonathan. According to a report by The Nation, the fund was withdrawn barely seven weeks to the inauguration of President Muhammadu Buhari. The N10 billion is... Read More

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Buhari, inauguration, jonathan, N10bn

February 22, 2016

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Jonathan’s ADC explains involvement in ‘N10bn’ shared to PDP delegates

Col. Ojogbane Adegbe, the detained ex-Aide-de-Camp (ADC) of former President Goodluck Jonathan, has explained his role in the N10 billion shared among Peoples Democratic Party (PDP) delegates during the last general election. Adegbe is reported to have informed the Economic and Financial Crimes Commission (EFCC) that only Jonathan’s former Special Assistant on Domestic Affairs, Waripamowei... Read More

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Goodluck Jonathan, N10bn, Ojogbane Adegbe, PDP delegates, Waripamowei Dudafa

February 10, 2016

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INEC to spend N10bn on rerun elections

The Independent National Electoral Commission has budgeted N10 billion for 80 rerun elections in the country. Chairman of the electoral commission, Prof Mahmud Yakubu, revealed this on Wednesday, February 10. While presenting INEC’s 2015/2016 budget before the House of Representatives Committee on Electoral Matters, Yakubu said the required N10 billion is for logistics and other electoral activities.... Read More

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INEC, N10bn, rerun election

December 14, 2015

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Jonathan approved the disbursement of N10bn to PDP delegates – Dasuki

Former National Security Adviser (NSA) Sambo Dasuki says former President, Goodluck Jonathan, authorised him to release N10 billion to Peoples Democratic Party (PDP) nomination convention delegates. Dasuki said the funds was released to Jonathan’s former Special Assistant on Domestic Affairs and Aide-de-Camp, Waripamowei Dudafa. He said the money was given out by the two aides, based... Read More

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$2bn, arms deal, EFCC, Goodluck Jonathan, N10bn, PDP, Sambo Dasuki