• 2016 budget: FG spent N3.577trn in 9 months, says Udoma

    2016 budget: FG spent N3.577trn in 9 months, says Udoma

    Senator Udoma Udo Udoma, the Minister of Budget and National Planning, Monday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016.

    Udoma made this disclosure yesterday in Lagos at the KPMG CFO Forum.

    According to him, “The Federal Government has spent about N3.577 trillion as at September 2016 out of the full year budget of N6.06 trillion for the 2016 fiscal year. This translates to a 79 percent performance of the […]

  • How Metuh spent N171m for Jonathan’s image laundering – witness tells court

    How Metuh spent N171m for Jonathan’s image laundering – witness tells court

    A Federal High Court in Abuja on Tuesday heard how PDP National Publicity Secretary, Olisa Metuh, spent N171 million to launder ex-President Goodluck Jonathan’s image ahead of the 2015 elections.

    The News Agency of Nigeria (NAN) reports that Metuh is standing trial on allegation of embezzling N400 million.

    In his testimony before Justice Okon Abang, Richard Ihediwa, the fifth defence witness, told the court that Metuh spent N171 million on the committee for the image laundering exercise.

    Ihediwa said N140 million was spent […]

  • Senate lacks powers to probe how we spent bailout – Ekiti government

    Senate lacks powers to probe how we spent bailout – Ekiti government

    According to reports, the Ekiti State Government faulted the Senate over its plan to probe into the expenditure of the bailout granted the state by the Federal Government.

    The government specifically stated that the upper chamber of the National Assembly lacked the powers to do so in a letter sent to the Chairman, Senate Committee on State and Local Government Administration, Senator Gumel Abdullahi, by the Commissioner for Justice and Attorney General of the state, Mr. Owoseni Ajayi.

    In the letter dated […]

  • 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 […]

  • I spent 40 months in detention after 1985 coup in Benin City – Buhari tells Oshomhole

    I spent 40 months in detention after 1985 coup in Benin City – Buhari tells Oshomhole

    President Muhammadu Buhari on Monday told Governor Adams Oshiomhole, Governor-elect, Godwin Obaseki and others delegates in Benin City that he spent 40 months in detention in the state during the 1985 military coup.

    President Buhari, who was on two days working visit to Edo state will used the opporutnity to launch projects completed by the Governor Adams Oshiomhole-led administration.

    “I’m glad to be visiting Edo State, to commission Infrastructure projects completed by the administration of Gov Adams Oshiomhole”.

    “Not many people may remember: […]

  • Akwa Ibom demands refund of N140bn spent of federal roads

    Akwa Ibom demands refund of N140bn spent of federal roads

    According to reports, the Akwa Ibom Government has renewed its appeal to the Federal Government to refund the N140 billion it had spent on repair of federal roads in the state.

    The State Governor, Mr Udom Emmanuel, renewed the appeal on Friday while speaking to Government House Correspondents at Ibom International Airport on arrival from official assignment in Abuja.

    Emmanuel said that the refund was necessary to help the state government to add value to its infrastructure consolidation programme now that the […]

  • PDP government spent N2.1bn on sweets and juice – Kaduna commissioner

    PDP government spent N2.1bn on sweets and juice – Kaduna commissioner

    According to reports, the Kaduna State Commissioner for Budget and Planning, Mohammad Abdullahi, on Saturday, alleged that the previous Peoples Democratic Party-led administration in the state spent N2.1billion on sweets, juice and food, annually.

    Mr. Abdullahi made this known in Kaduna at a round table discussion on the Kaduna State 2017 budget proposal, organised by the Kaduna State chapter of the Nigerian Union of Journalists, NUJ.

    The commissioner also revealed that N500 million was spent, annually, on purchase of newspapers by the […]

  • Enugu demands refund of N22.8bn spent on federal roads

    Enugu demands refund of N22.8bn spent on federal roads

    It was gathered that the Enugu State Government has appealed to the Federal Government to reimburse N22.8 billion to spent on rehabilitation of FG roads in the state, saying that it would enable it to speed up ongoing projects in the state.

    The appeal came as the State Executive Council Friday approved the award of contract for the rehabilitation of more sections of federal road along 9th Mile (Mechanic Village) – Egede Junction –Umuoka – Okpatu – Army Checkpoint and additional […]

  • How NIMASA’s ex-DG spent N2.6bn on bullet-proof car, rent – EFCC

    How NIMASA’s ex-DG spent N2.6bn on bullet-proof car, rent – EFCC

    According to reports, the Economic and Financial Crimes Commission on Friday brought before a Federal High Court in Lagos the receipt of a bulletproof car allegedly bought by a former Director-General of the Nigerian Maritime Administration and Safety Agency, Patrick Akpobolokemi.

    Also brought to court on Friday by the anti-graft agency was a document issued by an estate surveyor showing how Akpobolokemi allegedly paid for his rented apartment situated on Ondo Street, Banana Island, Lagos.

    The EFCC brought the documents to court […]

  • Obasanjo wants N5.8trn pension funds spent on infrastructure

    Obasanjo wants N5.8trn pension funds spent on infrastructure

    Former President Olusegun Obasanjo has challenged pension managers to invest a portion of an estimated N5.8 trillion pension fund in housing and key infrastructures in order to speed up development in key sectors of the economy.

    Speaking yesterday in Abuja at the third edition of World Pension Summit (Africa Special), the former president made reference to Singapore as a classical example of countries that maximally utilised pension asset to solve housing challenge confronting their citizens.

    The theme of this year’s summit is […]

  • $3bn Spent Annually On Airlines Maintenance – Experts

    $3bn Spent Annually On Airlines Maintenance – Experts

    As airlines in Nigeria continue to suspend operations due to the various economic challenges confronting them, experts have identified the huge cost of foreign maintenance, repair and overhaul (MRO), which totals $3 billion annually, as a major drain on their profitability.

    Aviation experts who disclosed this also called for a holistic approach to solving the lingering crises in the sector.

    It was gathered that two domestic airlines, Aero Contractors and First Nation Airlines, suspended their operations recently.

    Speaking with Newsmen Friday yesterday, the […]