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The last is yet to be heard about the entrenched corruption in the Niger Delta Development Commission (NDDC) as the office of the Auditor General of the Federation (oAuGF) queried the Commission over N70 billion and secrecy shrouded in the multi-million dollar revenues paid by oil firms into the coffers of the Commission since inception.
Speech by His Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020 Presidential Villa, Abuja. Friday, 10TH July, 2019
The Presidency on Thursday urged the House of Representatives to speedily pass the 2020-2022 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Paper (FSP) and the revised Appropriation Bill, 2020 for the fiscal year.
Some committees in the Senate and House of Representatives will on Thursday begin consideration of the revised 2020 budget proposal transmitted to the National Assembly by the Executive, it was learnt on Wednesday.
President Muhammadu Buhari has issued new directives on COVID-19 donations to Nigeria by philanthropists, companies and international organisations.
President Muhammadu Buhari has approved the opening of five COVID-19 Donor Accounts which form part of the existing Treasury Single Account (TSA) arrangement in five commercial banks.
To cushion the effect of the Coronavirus pandemic on the the economy, the Federal government plans to borrow the N850 billion External Borrowing approved in the 2020 Appropriation Act to Finance the Budget deficit.
The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
The Senate, on Tuesday, said the review of the 2020 budget passed by the National Assembly has become inevitable as a result of tumbling oil prices amidst the coronavirus outbreak.
The Senate on Tuesday constituted a joint committee to liaise with the Executive over the dwindling international oil price as it affects the implementation of the 2020 Appropriation Act.
The Federal Government has revealed that the sum N86 billion has been paid to members of academic unions of the tertiary institutions as earned academic allowances between 2013 to 2019 financial years.
Civil Society Legislative Advocacy Centre (CISLAC) has urged the National Assembly to strengthen its legislative oversight on defence in order to restore integrity, reduce leakages and promote accountability in the defence and security sector.
A Civil Society Organization (CSO) under the aegis of Civil Society for Human Rights and Rehabilitation has petitioned the legislative arm of Abuja Municipal Area Council to investigate alleged infractions committed by the chairman of the council, Hon. Abdullahi Adamu Candido.
The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, Enough is Enough (EiE) and 583 concerned Nigerians have filed a lawsuit asking the Federal High Court, Abuja to “restrain and stop President Muhammadu Buhari and Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning from releasing N37 billion allocated for the renovation of the National Assembly complex to the Federal Capital Development Agency and the National Assembly until an impact assessment of the spending is carried out.”
There were indications on Tuesday that paucity of funds available to the Federal Government to meet infrastructural needs, especially the implementation of the 2020 budget when passed, may compel the government to channel most of the funds so far recovered through its anti-graft policy into the budget.
Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying at the launch of the company’s new Mate 40 handset.
The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN).
The Biafra Nations Youth League, BNYL, on Saturday, warned Miyetti Allah Kautal Haure not to allow the Fulani Security group to operate in the Southeast and Southsouth to avoid bloody confrontation by both groups.
Barely a week after President Muhammadu Buhari’s closest ally and nephew, Malam Mamman Daura, spoke against zoning of presidency ahead of the 2023 election, Kaduna Governor Nasir El-Rufa’i has said the next President should come from the South.
Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.
The President of the United Nations General Assembly, Amb. Tijani Muhammad-Bande, has called for global recommitment to nuclear disarmament.
Eric García has decided to return to Barcelona and a deal will be completed after the completion of the Champions League, according to Sport.
The U.S. has expressed worry over reports of deteriorating political climate in Edo State and interference by security forces in political matters, ahead of the September 19 governorship election.
Iheanacho still managed 10 goals in 26 appearances across all competitions in the just concluded season, but Leicester City want to sell him in order to fund their pursuit of Celtic striker Odsonne Edouard.
President Donald Trump only agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.