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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.
Kola Ologbondiyan

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”.
Governor David Nweze Umahi

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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(FILES) In this file photo taken on July 10, 2019 the Facebook logo is seen on a phone in this photo illustration in Washington, DC. – A “tsunami” of political disinformation is pounding Facebook users with the US presidential election still a year away, online activist network Avaaz said in a report released on November 6, 2019. An analysis by the NGO of the top 100 bogus news stories about US politics that went viral on Facebook in the 10 months ending October 31 showed that politically tinged false news got more than 158 million views. (Photo by Alastair Pike / AFP)

Names, bank account numbers of 29,000 Facebook employees stolen from car

Facebook on Friday alerted employees that hard drives rich with information about those on the social network’s payroll were stolen from a car last month.
The partial closure of Nigeria’s land border with neighbours will continue beyond January 2020 and will only be terminated until the set objectives are achieved.

Cleric advises Nigerians to utilise advantages of border closure

A Cleric, Christopher Qwolabi, on Friday, advised Nigerians, especially youths, to utilise the advantages of the nation’s border closure to be self-productive and reliant.
Kabir Marafa, senator representing Zamfara central, says he will remain in the All Progressives Congress (APC) to fight injustice.

Senator Marafa: Governors plotting to replace Adams Oshiomhole with Abdulaziz Yari

Kabir Marafa, a former senator, said some governors are plotting to replace Adams Oshiomhole, national chairman of the All Progressives Congress (APC) with AbdulAziz Yari, former governor of Zamfara state.
Wayne Rooney admits he has a desire to get into football management as he prepares for his return to the English game in January.

Wayne Rooney confesses his ambition to manage after he retires from playing

Wayne Rooney admits he has a desire to get into football management as he prepares for his return to the English game in January.
Caretaker premier Saad Hariri on Thursday made phone calls to World Bank president David Malpass and IMF managing director Kristalina Georgieva, his office said.

Lebanon premier asks World Bank, IMF help with economic rescue plan

Lebanon’s caretaker prime minister Thursday asked international funding bodies for support in drawing up an emergency rescue plan for his protest-wracked country.