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The Federal Government has told the Socio-Economic Rights and Accountability Project (SERAP) that it has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.
The Federal Government has told Socio-Economic Rights and Accountability Project (SERAP) that it “has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha, and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.”
The House of Representatives has set up an enquiry into allegations that the recently recovered $308 million Abacha loot which the Presidency said will be used to expedite work on three major infrastructures i.e. Lagos – Ibadan Expressway, Abuja – Kano Expressway and the Second Niger bridge may be diverted into private accounts, using Julius Berger, as a conduit.
The Presidency, on Friday, said that all the repatriated funds to the country have been earmarked for identified critical projects across the country in accordance with the agreement.
Nigeria’s Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has stated how the country would spend the US$308 million looted by the late former Head of State, General Sani Abacha when it is finally returned.
The Federal Government, the United States of America (USA) and the Island of Jersey on Monday signed a tripartite agreement on the return of $318,460,329 looted by late former military Head of State, General Sani Abacha.
The Presidency has said that Babatunde Fowler’s tenure as chairman of the Federal Inland Revenue Service (FIRS), was not renewed because of his inability to generate enough revenue for the country.
The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday.
The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday (today).
Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
President Muhammadu Buhari on Saturday in Lagos said his administration’s economic policies are making the desired impact, evidenced by steady growth in the economy in the last three years.
The Minister of Information and Culture, Alhaji Lai Mohammed, said on Thursday in London that the opposition lacked the moral right to blame President Muhammadu Buhari–led administration for unemployment in the country.
The Federal Government has set aside 1.3 billion dollars (about N468 billion) from the National Sovereign Investment Fund to finance five critical infrastructure projects.
The Nigerian Sovereign Investment Authority (NSIA), operators of the Sovereign Wealth Fund (SWF) is set to deploy more investments into infrastructure, expressing a move towards unveiling appropriate funding plans and project structures being redeveloped for the Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kano Expressway and East-West road projects.
Some married women in Ado-Ekiti on Wednesday say the ‘stay-at-home’ order occasioned by the coronavirus pandemic, has turned out to be a blessing in guise for them.
Nigeria now has seven functional laboratories to test for the Covid-19 virus, the health minister, Osagie Ehanire, said on Wednesday.
President Muhammadu Buhari on Wednesday mourned the death of a foremost Nigerian educationist and author, Phoebean Ogundipe.
The death toll from the COVID-19 pandemic in African countries has reached 196 as confirmed cases surpassed 5,786, the Africa Centre for Disease Control and Prevention (Africa CDC) revealed on Wednesday.
One hundred and eighty-eight thousand, three hundred and fifty-two people have so far recovered globally from the novel coronavirus, according to data published by Worldometers, a website providing real time statistics on the infection around the world.
The All Progressives Congress (APC) has commended President Muhammadu Buhari for vigorously leading the fight to curb coronavirus pandemic in Nigeria ‘like a legendary troop commander’.
In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.
The Nigerian Army has debunked publications in some media platforms about a purported Federal Government’s plan to enforce military lockdown on Friday.
The 36 state governors under the platform of the Nigeria Governors Forum (NGF) have agreed to hold their weekly meetings via tele-conferencing to check the spread of COVID19 in the country.
The Federal Government Wednesday announced that it has released 70, 000 metric tonnes of grains from the Strategic National Reserve to alleviate the sufferings of many low-income earners whose sources of livelihood have been cut off by the two-week lockdown of Abuja, Lagos and Ogun states in the wake of the novel coronavirus (COVID-19) pandemic.