• Senate to publish names of persons who misappropriated of funds meant for IDPs in northeast

    Senate to publish names of persons who misappropriated of funds meant for IDPs in northeast

    The Senate says it will publish the names of individuals found culpable in the alleged misappropriation of funds meant for Internally Displaced Persons (IDPs) in the northeast.

    The Senate’s Ad-Hoc Committee on Humanitarian Crisis in the Northeast, headed by Senator Shehu Sani, announced the plan on Friday after a visit to some IDPs’ camps in the region that has seen over seven yeas of insurgency.

    Members of the committee, including Senators Ben Murray Bruce and Ali Wakili, are investigating how the nine […]

  • FG concludes plans to sell off TCN, blames decision on lack of funds

    FG concludes plans to sell off TCN, blames decision on lack of funds

    The Federal Government may have concluded plans to privatise the Transmission Company of Nigeria (TCN), due to funding constraints of shouldering its operational expenses.

    Babatunde Raji Fashola, Nigeria’s Minister for Power, Works and Housing, stated this at the ongoing West Africa Power Industry Convention (WAPIC), which opened in Lagos yesterday.

    Fashola, who was represented by the  Acting Chairman and CEO, Nigerian Electricity Regulatory Commission (NERC), Mr. Anthony Akah, added that government would involve the private sector to drive the transmission arm of the power sector […]

  • Senators knock Presidency over non-release of N500bn intervention funds

    Senators knock Presidency over non-release of N500bn intervention funds

    Barely one month to the end of the year, the Presidency, yesterday, shocked lawmakers when it revealed that less than N1 billion, out of the N500 billion Social Welfare Scheme in the 2016 budget, has been released.

    Special Adviser to the President for Social Protection Plan, Mrs Mariam Uwais, said this at a meeting of Ministries, Departments and Agencies (MDAs) with the National Assembly Joint Committee on Appropriations, with respect to a N181 billion virement request by President Muhammadu Buhari.

    She said […]

  • Reps summon Prisons boss and perm sec over handling of funds

    Reps summon Prisons boss and perm sec over handling of funds

    According to reports, the House of Representatives Committee on Public Accounts has invited the Comptroller General of Prisons, Mr. Ja’ afaru Ahmed and the Permanent Secretary in the Ministry of Information and Culture, Mrs. Ayotunde Adesugba, to explain why their staff have failed to retire funds approved to them.

    Also, the officers are to give reasons for failing to remit the Valued Added Tax (VAT) deductions to the Federal Inland Revenue Service (FIRS) correctly and promptly as required by law.

    Chairman of […]

  • Ekiti Government Rejects Senate’s Move To Probe Use Of FG’s Bailout Funds

    Ekiti Government Rejects Senate’s Move To Probe Use Of FG’s Bailout Funds

    According to reports, the Ekiti state government has rejected the Senate’s move to probe Federal Government’s bailout funds given to the state and others.

    It said that such a probe was unconstitutional.

    Meanwhile, the state governor, Ayodele Fayose, has said the greatest birthday gift he wanted the people of the state to give him was total support for him to do more for the state and her people.

    Speaking in Ado-Ekiti yesterday at a thanksgiving service to mark his 56th birthday, the governor […]

  • Governors uncomfortable with investigations into spending of bail-out funds – ICPC boss

    Governors uncomfortable with investigations into spending of bail-out funds – ICPC boss

    Chairman, Independent Corrupt Practices and Other Related Offence Commission (ICPC), Mr. Ekpo Nta, said most state governors were jittery when the commission commenced investigations into the spending of bailout funds.

    Nta stated this in Bauchi on Monday in his speech at the opening of Bauchi State Anti-Corruption Summit, titled “Transparency and Accountability: A Panacea to Good Governance and Sustainable Development.

    He said that when the commission commenced investigations into coffers of state government accounts most of the governors were uncomfortable.

    “Most of the […]

  • Buhari should stop giving bail-out funds to lazy governors – Dangote

    Buhari should stop giving bail-out funds to lazy governors – Dangote

    Africa’s richest man, Aliko Dangote, has urged the Muhammadu Buhari government to stop granting bailout funds to state governors.

    According to him, this will not take the country forward.

    “I don’t believe the Federal Government should continue to be bailing out the states, the states have to sit down and plan to cut costs instead of looking for bailout and being lazy,” NTA quoted him as saying.

    “They can create jobs and give incentives to people to come and invest, they should assure […]

  • Dariye spent part of ecological funds on office equipment – witness tells court

    Dariye spent part of ecological funds on office equipment – witness tells court

    A witness in the trial of the former governor of Plateau State, Joshua Dariye, has told a high court of the Federal Capital Territory, Gudu District, that Dariye used part of the alleged misappropriated N1.16billion ecological funds of Plateau State to purchase equipment for the state’s Abuja Liaison Office.

    The 10th defence witness, Gideon Mitu, a Permanent Secretary at the Plateau State’s Abuja Liaison Office, disclosed this while being led in evidence by Dariye’s counsel, Garba Pwul (SAN).

    The witness, however, told […]

  • What we do with recovered looted funds – EFCC

    What we do with recovered looted funds – EFCC

    It was gathered that the Economic and Financial Crimes Commission, EFCC, says all looted funds recovered by it are paid into the consolidated revenue account of the Federal Government.

    The commission made this known on its Twitter handle, @officialefcc in response to a question from one of its followers.

    In a tweet to the commission through the handle @asantoo11a, the follower had asked; “When are we sharing our recovered looted money’’.

    “Recovered funds are paid into the consolidated revenue account of the Federal […]

  • Governors urge Adeosun to release ecology funds

    Governors urge Adeosun to release ecology funds

    It was gathered that the Chairman of the Nigerian Governors’ Forum, Abdulaziz Yari, on Tuesday led governors of six states to a meeting with the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of the Central Bank of Nigeria, Mr, Godwin Emefiele, over some issues relating to the management of the ecology fund.

    The state governors that accompanied Yari to the closed door meeting are the the governors of Imo State, Rochas Okorocha; Kaduna, Mallam Nasir El-Rufai; Osun, Rauf Aregbesola; […]

  • Bauchi girls quit schools to raise funds for their wedding – Lawmaker

    Bauchi girls quit schools to raise funds for their wedding – Lawmaker

    According to reports, the Chairman, House Committee on Women Affairs, Bauchi House of Assembly, Mrs. Maryam Begel, on Wednesday said that female students in some schools in the state were being withdrawn to engage in menial jobs to generate capital for their marriage.

    She said that an interactive session she had with 60 girls of a particular secondary school in the state revealed such practice.

    She said, “I had an interactive session with 60 girls of a particular tertiary school in Bauchi […]