• EFCC explains why Fayose’s seized assets cannot be released

    EFCC explains why Fayose’s seized assets cannot be released

    The Economic and Financial Crimes Commission (EFCC) has given reasons why the six houses seized from Ekiti State Governor, Ayodele Fayose may never be returned to him.

    The EFCC said the houses – both in Lagos and Abuja – were seized via a court order issued on July 20 this year while it was investigating the governor in relation to various offences including diversion of public funds.

    It said it has, in the cause of investigating Fayose, found that the houses were […]

  • Federal government opens register for recovered assets to prevent re-looting

    Federal government opens register for recovered assets to prevent re-looting

    According to reports, the Minister of Information and Culture, Alhaji Lai Mohammed, on Friday disclosed that the federal government has created a register for all recovered assets stolen by corrupt officials, explaining that the move was to prevent “re-looting” of what was being recovered.

    Speaking at a meeting with representative of the United Nations, UN Secretary-General for West Africa in Abuja, Mohammed Ibn Chambas, he said the register would be made public soon.

    Mohammed said, “Corruption is as dangerous as terrorism. For […]

  • NUPENG rejects sale of NNPC assets

    NUPENG rejects sale of NNPC assets

    According to reports, the Nigeria Union of Petroleum and Natural Gas Workers says it will not support the sale of NNPC’s assets without proper consultation with labour unions in the petroleum sector.

    Alhaji Tokunbo Korodo, the South-West Chairman of the union, made the declaration on Tuesday in Lagos.

    The oil workers had on November 13 declared that they would reject any attempt by the Federal Government to sell some of its stakes in the NNPC.

    The Federal Ministry of Petroleum Resources released a […]

  • Sell only redundant national assets – MAN advises FG

    Sell only redundant national assets – MAN advises FG

    According to reports, the President of Manufacturers Association of Nigeria, Dr. Frank Jacobs, has said that idle assets that no longer yield dividends to government can be sold to boost the current economic situation.

    Jacobs said this in an interview with the News Agency of Nigeria on Wednesday in Abuja.

    He said that funds realised from the sale of such assets could be used to develop structures that would enhance the economy.

    “What I will recommend is the sale of idle assets that […]

  • Buhari won’t mandate ministers, others to declare assets publicly – Presidency

    Buhari won’t mandate ministers, others to declare assets publicly – Presidency

    According to reports, the Presidency, on Saturday, said it would be illegal for President Muhammadu Buhari to force government officials to declare their assets publicly.

    The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said this in an interview.

    Shehu was asked whether the president would take any action against his ministers and heads of agencies that have refused to declare their assets or whether he will compel them to do so as part of his anti-corruption drive.

    The […]

  • Kalu writes Buhari, kicks against sale of assets

    Kalu writes Buhari, kicks against sale of assets

    Former Abia State Governor and business mogul, Dr. Orji Uzor Kalu, has expressed support for President Muhammadu Buhari’s war against corruption and suggested relevant steps to address the nation’s economic woes.

    Kalu, in a letter to the president, lamented the dwindling fortunes of the nation’s economy.

    He said the last 10 months have been a most difficult period for Nigerians, particularly the unemployed and those at the bottom of the economic ladder, whom he noted constitute the highest percentage of the nation’s […]

  • We’re opposed to assets’ sale, not concessioning – Senate

    We’re opposed to assets’ sale, not concessioning – Senate

    Following the Senate’s refusal to throw its weight behind the proposed sale of national assets by the federal government, the Red Chamber has said that further consideration into the matter is not foreclosed, as concession remains another viable option.

    Majority Leader of the Senate, Senator Mohammed Ali Ndume, made the disclosure while briefing journalists in his office at the National Assembly, Abuja, at the weekend.

    Recall that the federal government had recently considered the sale of critical national assets in order to […]

  • No nation sells assets over temporary recession – Senator

    No nation sells assets over temporary recession – Senator

    Senator Domingo Obende, who represented Edo North Senatorial district in the Seventh Senate, at the weekend, joined in condemnation of the call for the sale of some national assets to cushion the country’s current economic recession‎.

    Fielding questions from journalists in Benin City, Senator Obende said “no nation sells its assets because of temporary recession.

    “Our party, the All Progressives Congress (APC) has not taken a decision on that neither our government. Our assets are our strength.”

    Obende also spoke on the victory […]

  • CCB commends, indicts public servants, political appointees over assets declaration

    CCB commends, indicts public servants, political appointees over assets declaration

    Commendations has again come the way of the Chief Of Army Staff, Lieutenant General Tukur Buratai, from the Code of Conduct Bureau for his asset declaration, which the Bureau has again certified to be accurate

    Several other public servants also got commendation from the Bureau for declaring their assets within the stipulated timeframe.

    These other public servants include: Semenitari Mary-Gab Tamunoibim (Ag. MD/CEO NDDC); Ibrahim K. Idris (Inspector General of Police), Boboye Oyeyemi (Corps Marshall FRSC); Amina Mohammed (Minister of Enviroment) and […]

  • Obasanjo opposes sale of national assets, urges reform of NNPC

    Obasanjo opposes sale of national assets, urges reform of NNPC

    Former President, Chief Olusegun Obasanjo, has called for the urgent reform of the business operations model of the Nigerian National Petroleum Corporation (NNPC) in order to lift the economy out of recession and create wealth for Nigerians.

    Chief Obasanjo made this call when the Group Managing Director of the NNPC, Dr. Maikanti Baru, visited him at his Hilltop residence in Abeokuta on Wednesday.

    “What I do understand is reforms. I believe Organizations like the NNPC should be reformed. I don’t understand this […]

  • FEC, not governors will decide on sale of assets – FG

    FEC, not governors will decide on sale of assets – FG

    It was gathered that the Federal Executive Council and not State Governors will take the final decision on the controversial proposal to sell some of the nation’s assets to battle the current economic recession.

    This was disclosed by the Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday after the weekly FEC meeting.

    Mohammed said this clarification became necessary following the outcry that greeted the proposal by the National Economic Council for the sale of the country’s national assets.

    While the NEC […]