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Federal Accounts Allocation Committee
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.
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.
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”.
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 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.
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.
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.
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.
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.
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 Muhammadu Buhari has congratulated Prime Minister Narendra Modi of India and the Bharatiya Janata Party (BJP) on their election victory.
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.
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'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.
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.
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.
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.
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 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.