• Finance minister explains 2017 budget figures

    Finance minister explains 2017 budget figures

    According to reports, the Minister of Finance, Kemi Adeosun, yesterday, said the Federal Government would put forward the sum of N6,866,335,052,740 as 2017 budget.

    She told members of the Senate Committee on Finance, led by its chairman, John Owan Enoh (PDP, Cross River Central), that government would present the figure because it spends over N3 trillion on salaries, pensions and debt services, leaving a paltry amount for capital projects.

    The committee members were on an oversight visit to her ministry.

    Adeosun said government’s […]

  • No exact figures for looted funds – Malami

    No exact figures for looted funds – Malami

    According to reports, the Attorney General of the Federation, Abubakar Malami (SAN), says the Federal Government has no exact figure of Nigeria’s looted funds abroad.

    Malami, who made this known at a Media Roundtable on Open Government Partnership in Abuja on Friday, said Nigeria would continues to liaise with other countries on the repatriation of looted funds, but the exact figures might be difficult to ascertain.

    The minister said this was because the nexus of complexity and dynamics of legislations, culture and […]