According to reports, the Federal Government’s plan to borrow $29.960 billion from external sources may be stalled by some institutional lapses, it was learnt yesterday.
In an interview with some senators, particularly on the Senate Committee on Appropriation, it was learnt that such a request for loans and grants from external sources requires accompanying documents, which only a substantive auditor- general of the federation could approve.
The lawmakers said standards set by global financial institutions like the World Bank, the International Monetary […]
A Federal High Court in Lagos has fixed Dec. 13 and Dec. 14 for continuation of trial of an ex-Niger Delta militant, Government Ekpemupolo, alias Tompolo, over N47 million fraud.
The court fixed the date following a letter from the Economic and Financial Crimes Commission (EFCC) Counsel, Mr Festus Keyamo, for adjournment.
Keyamo stated in the letter that the key prosecution witness was unavailable, and prayed that a new date be given to enable the witness to attend court.
Meanwhile, some members of […]
It was gathered that the House of Representatives has described as “highly detrimental to the country’s economy,” failure of President Muhammadu Buhari to appoint boards for government agencies.
The federal lawmakers said Buhari’s continued delay in appointing heads of boards points to the president wanting to govern the country alone.
In adopting a motion on the “Urgent need to Re-constitute the Boards of Parastatals and Agencies in Order to hasten Good Governance”, sponsored by Abdullahi Umar Faruk, the chamber called on the […]
It was gathered that the absence of retired Col. Sambo Dasuki, a former National Security Adviser (NSA) to ex-Prersident Goodluck Jonathan, on Thursday stalled the hearing of the case in an FCT High Court.
Dasuki, Bashir Yuguda, a former Minister of State for Finance, Attahiru Bafarawa, ex-governor of Sokoto State, his son Sagir and their firm Dalhatu Investment were arraigned by the Economic and Financial Crimes Commission (EFCC) for misappropriating N13 billion.
At the resumed sitting, the Prosecuting counsel, Mr Rotimi Jacobs […]