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Federal Ministry of Finance

50 oil firms owe NDDC N1.2 trillion – firm

Fifty oil firms operating in the Niger Delta region are owing the Niger Delta Development Commission (NDDC) N1.2 trillion in form of unpaid dues to the Commission, it was gathered yesterday.
Governor-elect of Kwara, Alhaji Abdulrahman Abdulrazaq, has pledged that his administration will be accountable to the people and will not steal or loot the state’s treasury.

Kwara government to partner EFCC on recovery of looted funds

Governor AbdulRahman AbdulRazaq of Kwara State, on Tuesday, said his administration would partner the Economic and Financial Crimes Commission (EFCC) to combat graft, including recovery of funds looted from the state treasury.
The Permanent Secretary, Special Duties, Federal Ministry of Finance, Dr. Mohammed Dikwa, made the disclosure in Abuja when the alumni of the National Institute for Policy and Strategic Studies Abuja chapter, visited him in his office.

Official: Federal government saved N500 billion by plugging MDA’s revenue leakages

Nigeria has saved over N500 billion by adopting various ICT-driven reforms in Ministries Departments and Agencies (MDAs) that sealed hitherto revenue-leaking points.

Tax appeal tribunal dispenses N288 billion cases in six months

The Tax Appeal Tribunal has settled tax cases valued at N288 billion since the members were reconstituted six months ago.

Naicom: Senior civil servants issue 7-day ultimatum

The National Insurance Commission (NAICOM) has been given a 7-day ultimatum to implement an agreement reached with an association of senior civil servants in 2017 or face industrial action.
Outgoing governor of Ogun State, Ibikunle Amosun, on Tuesday boasted that a combination of the achievements of Gbenga Daniel and Olusegun Osoba as former governors of the state would not match his administration’s achievements.

Senator Amosun: Allegations of arms stockpile, surrendering, laughable

Former Ogun State Governor Ibikunle Amosun has described as laughable, allegations he stockpiled firearms before the general elections and hurriedly handed them over to the police a day to handover.
Outgoing governor of Ogun State, Ibikunle Amosun, on Tuesday boasted that a combination of the achievements of Gbenga Daniel and Olusegun Osoba as former governors of the state would not match his administration’s achievements.

Senator Amosun breaks silence on arms importation

Senator Ibikunle Amosun, former governor of Ogun State, has denied illegally importing massive cache of AK47 assault rifles and ammunition into the country and handing them over to the police towards the end of his administration.
On Saturday, the Super Falcons lost 3-0 to Germany in the Round of 16 but refused to leave their Mecure Hotel in protest over their unpaid bonuses and other outstanding payments.

Shehu Dikko: NFF have paid Super Falcons’ entitlements

Shehu Dikko, the second vice-president of the Nigeria Football Federation (NFF), has denied an allegation that they owed the women's team outstanding bonuses and allowances

Workers shut SEC over attempts to reinstate suspended chief

The battle for the headship of the Securities and Exchange Commission (SEC) got fiercer Monday morning as the Association of Senior Civil Servants of Nigeria, SEC Branch, locked up offices of the headquarters of the Commission over attempts by suspended DG Mounir Gwarzo to resume duties.
Sam Nzene

Federal government approves N22.6 billion for Nigerian Airways pensioners

The federal government has approved the release of N22.6 billion as entitlements of pensioners of the liquidated Nigeria Airways Limited (NAL).
Debt Management Office (DMO)

Federal government set to issue N15 billion second green bond

The Federal Government of Nigeria (FGN), is set to issue a second Green Bond up to N15 billion following the successful debut Green Bond Issuance of N10.69 billion in December 2017 – by which Nigeria became the first African country to issue a Green Bond.

Recertification: ARDS threatens to shut erring cooperatives

The Secretary, Agriculture Rural Development Secretariat, Mr Ifeanyichukwu Nzekwe, has threatened to shut down any Cooperative Society in the Federal Capital Territory (FCT) that failed to undergo compulsory recertification.

NIMASA partners customs, central bank, others on review of vessels import tax

The Nigerian Maritime Administration and Safety Agency, NIMASA, last week, disclosed that it was currently engaging the Central Bank of Nigeria, CBN, the Nigeria Customs Service, NCS, the Federal Ministry of Finance and its supervisory ministry, the Ministry of Transportation, in working out a special tariff template for the importation of vessels and its parts by indigenous shippers.

Group condemns attacks, blackmail on central bank chief Godwin Emefiele

A group, Yoruba Youth Democratic Movement (YYDM), has condemned what it called blackmail by some people who are against the re-appointment of the governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele.
Isaac Okorafor

No money missing, stolen in central bank – spokesman

The Director, Corporate Communications, Central Bank of Nigeria (CBN), Mr Isaac Okoroafor, said that no money is missing or stolen from the bank’s coffers as reported in some section of the media.

Central bank threatens legal action over ‘stolen’ N500 billion allegation, says money was given...

The Central Bank of Nigeria (CBN) says N150 billion which was reported as stolen from its coffers was part of a N650 billion loan to states.
Bank of Agriculture - BoA

Federal government to divest 60% stake in Bank of Agriculture

In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
President Muhammadu Buhari

President Buhari asks ministers to submit handover notes

An indication that President Muhammadu Buhari may dissolve the Federal Executive Council (FEC) earlier than the May 29 terminal date of his first term in office emerged yesterday when he asked ministers and agency heads to turn in their handover notes by Wednesday.

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Five US states in lawsuit against Donald Trump’s new immigration policy

Five attorneys general of U.S. states and city have filed a lawsuit against a new immigration policy by President Donald Trump administration to deny possible permanent residency to immigrants who receive some federal benefits.
Samson Siasia has vowed to clear his name after world governing body FIFA banned him yesterday from football following an allegation of match-fixing brought against him.

FIFA: Why we banned Samson Siasia for life

World football ruling body FIFA has banned former Super Eagles coach Samson Siasia for life after the ethics committee found him guilty of bribery allegation.
Officials in India-controlled Kashmir began restoring telephone service Saturday to the Himalayan region.

India begins restoring communications to Kashmir

The Indian-controlled section of disputed Kashmir has been under lockdown since early August, when New Delhi deployed tens of thousands of additional troops to the region as it cut off landlines, mobile phones and the internet and stripped the Muslim-majority region of its autonomy.

Edo lawyer arranged over ‘fake news’ on social media

For allegedly publishing fake news about Edo University, Iyamho, on his facebook account, a 59-year-old lawyer, Ogedengbe Oiseoruemi Ayodeji, was on Friday arraigned before an Oredo Magistrates’ Court.

Hungry bear eats man alive

The accident of a brown bear killing a man in the Khabarovsk region has stirred fears among dwellers, mainly in the small villages and communities near forests.