• Photos: Rivers APC bankrupt, secretariat, offices taken over by grasses

    Photos: Rivers APC bankrupt, secretariat, offices taken over by grasses

    The All Progressives Congress, APC is gradually losing its ‘salt’ in Rivers state, Newsmen investigation has revealed.

    The investigation further revealed that the party is currently in comatose as the internal wrangling in the party is beginning to take a negative toll.

    The party has also failed to be a viable opposition to the Peoples Democratic Party, PDP, in the state, as the ruling party now enjoys the moment.

    Checks revealed that the party is yet to win any of its arguments of […]

  • Why 15 states may go bankrupt over low IGR

    Why 15 states may go bankrupt over low IGR

    According to reports, Fifteen States may go bankrupt as their Internally Generated Revenue (IGR) in 2015 were far below 10 per cent of their Fed­eration Account Allocations (FAA) from June 2015 to May 2016.

    The states that may not sur­vive without the Federation Account due to poor internal revenue include Yobe which generated meagre N2.2 bil­lion, compared to a total of N57.4 billion it received from the Federation Account Allo­cation (FAA) from June 2015 to May 2016, representing about 3.9 per […]