• 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 […]

  • How Nigeria lost N500bn in Malabu oil deal

    How Nigeria lost N500bn in Malabu oil deal

    According to reports, the House of Representatives yesterday commenced investigation into the award of the the controversial  Oil Prospecting Licence (OPL) 245, better known as Malabu Oil deal.

    The House had by a resolution of January 27 mandated the Razak Atunwa-led Adhoc committee to probe the alleged corruption, malpractice and breach of due process in the award of the licence.

    The 7th House had investigated the matter, but the report of the investigation was not presented.

    Speaking at yesterday’s investigative hearing  by the […]