Federal Accounts Allocation Committee
Bismarck Rewane: Nigerians should expect petrol price increase
The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue.
FAAC: Kwara gets N3.2 billion for January
The Federal Accounts Allocation Committee which distributes monthly allocation to the three tiers of government, is to release the sum of N3,295,247,595.34 to the Kwara State Government for the month of January.
Festus Keyamo: When looters say they will jail looters, expect lootocracy
Mr. Festus Keyamo has reacted to a statement by Kola Ologbondiyan, who said that the Peoples Democratic Party (PDP) presidential candidate for the 2019 general elections, Atiku Abubakar, if elected in 2019, would jail “all looters” of public treasury under the President Muhammadu Buhari-led government.
PDP asks President Buhari, APC to speak out on alleged N21 billion found in...
The party said the discovery has “not only exposed the shameless hypocrisy of the Buhari Presidency, but also stripped it of all integrity and brought its deceptive saintly posturing to a disgraceful end”.
Ebonyi pays July salaries amidst FAAC impasse
There was jubilation in Abakaliki, the Ebonyi State capital, on Friday as civil servants in the state started receiving alerts for their July salaries despite the inability of the Federation Accounts Allocation Committee (FAAC) to release both the June and July allocations to states.
Governor Wike: How we paid June salaries without FAAC
Governor Nyesom Wike of Rivers State has said that his administration was able to pay the salaries of civil servants for June 2018 without releases from the Federal Accounts Allocation Committee, FAAC, because of careful financial engineering.
Kwara government pays June salary despite FAAC deadlock
Despite the deadlocked Federal Accounts Allocation Committee meeting over disputed payments into the federation purse, the Kwara State Government on Friday commenced payment of June salaries to state workers.
2019: Jim Ovia endorses Governor Ambode for second term
Chairman of Zenith Bank Plc, Mr Jim Ovia, has expressed his desire to see Mr Akinwunmi Ambode re-elected as governor of Lagos State in 2019, hinging his position on what he sees as impressive performance in the last three years.
FAAC: Fed govt, states, local govts share N558bn in October
Mr Ahmed Idris, Accountant-General of the Federation, said the Federal Government, States and Local Governments shared N558.082 billion in October compared to N637.704 shared in the previous month.
Paris Club refund is our right – Governor Abubakar
The refund of the excess paid by States on the Paris Club loan has been described as the rights of the States and not a privilege.
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Federal government disburses $22.216 million on Tradermoni, other empowerment schemes
Part of recovered looted funds of late Head of state, Gen. Sani Abacha, was expended on various empowerment initiatives of the government, Senior Special Adviser to the President on Social Investments, Maryam Uwais, disclosed in on Thursday
President Buhari congratulates India’s Narendra Modi on election victory
President Muhammadu Buhari has congratulated Prime Minister Narendra Modi of India and the Bharatiya Janata Party (BJP) on their election victory.
N2 billion fraud: Court revokes bail, orders arrest of ex-Governor Aliyu
Justice A. B. Aliyu of the Federal High Court in Minna, Niger State on Thursday revoked the bail granted to the former Niger State Governor Babangida Aliyu and the former state governorship candidate of the Peoples Democratic Party (PDP), Alhaji Umar Gado Nasko.
NNPC recruitment: Applicants to undergo computer-based test
The Nigerian National Petroleum Corporation (NNPC) has revealed that the third phase of its ongoing recruitment exercise will involve a computer-based test, which comes up on June 1.
Gareth Bale backed by just nine per cent of Real Madrid fans
Gareth Bale's future at Real Madrid has been the subject of constant speculation – and it appears the majority of the Santiago Bernabeu faithful would be glad to see the Welshman move on.
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VIO: ‘For Sale’ sign on moving vehicles is illegal in FCT
Federal Capital Territory (FCT) Directorate of Road Traffic Services, VIO, says pasting “For Sale” sticker on moving vehicles as a way of marketing is illegal and a violation of the law.
Theresa May stares at defeat in final Brexit gamble
British Prime Minister Theresa May stared at the prospect Wednesday of her political career coming to an inglorious end after her final attempt to save her hated Brexit deal was almost universally condemned by parliament.
Hotel supervisor steals employers N.15 million
A 49-year-old hotel supervisor, Dotun Akingbade, on Monday appeared before an Ikeja Chief Magistrates’ Court for alleged theft of N154,000 belonging to his employer.
Central bank to limit banks’ appetite for govt securities
The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
South African judge dies of snake bite in Zambia
South African Labour Court Judge Anton Steenkamp, 57, has died after being bitten by a black mamba - one of the most venomous snakes - while on holiday in Zambia.