Funds

A panel of inquiry set up to probe the accounts of the 16 local government areas in Kwara State has recommended that the government should ensure monthly publication of wage bill, revenue, and expenditure at the state and local government levels.

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned a former Minister of Special Duties and Intergovernmental Affairs, Kabiru Turaki, at the Federal High Court, Abuja, for alleged fraud.

The Nigerian Communications Commission has notified Nigerians on the increasing incidents of fraud across various internet platforms, especially on social media networks.

The Minister of Transportation, Mr Rotimi Amaechi, has said that the University of Transportation being constructed at Daura, Katsina State, would boost the transfer of technology from China to Nigeria.

Director-General, National Youth Service Corps, Brig-Gen Ibrahim Shuaibu, has said the scheme would prosecute those who attempted to illegally participate in its programme or had participated in the past through fraudulent means when discovered.

The Independent Corrupt Practices and Other Related Offences Commission has quizzed top management staff of the Niger Delta Development Commission and recovered documents on the diversion of funds, procurement fraud and misappropriation of N5.4 billion COVID-19 fund by the officials.

As schools open after months of lockdown following the outbreak of the COVID-19 pandemic, the Nigeria Academy of Education (NAE), has advised government to release adequate funds directly to schools to provide the needed care for students.

A Plateau State High Court in Jos on Wednesday adjourned the alleged N6.3bn fraud case filed against former Governor Jonah Jang and a former cashier, Yusuf Pam, until November 4.

The House of Representatives, on Wednesday, uncovered the numerous spendings by the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) from February to May 2020.

The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, may be facing fresh cases of alleged re-looting of funds recovered by the commission as well as bribery.

The United States President, Donald Trump, paid his way out of high school, hiring someone else to take an aptitude test for him, his niece, Mary Trump, reveals.

The United States on Tuesday exposed six Nigerians over alleged internet fraud worth more than six million dollars.

The presidency has denied the allegation that N23 billion said to be missing in the Office of the Senior Special Assistant to the President on Sustainable Development Goals (SDGs) was traced to the personal account of a former staff of the office.

Gov. Bala Mohammed of Bauchi State has sacked the Director Establishment and Service Bureau in the office of the state Head of Service over alleged swindling of funds.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it is investigating alleged cases of corruption in the management of COVID-19 funds and palliatives.

The Economic and Financial Crimes Commission is requesting for interrogation three officials of Rivers State Government, who are implicated in the alleged illegal withdrawal of N118bn public funds.

The Aliko Dangote Foundation (ADF) has donated N1.5 billion ($3.8 million) to the ‘Nigeria/United Nations COVID-19 Basket Fund’ to boost the fight against the novel coronavirus disease.

Zenith Bank Plc said it recorded gross earnings of N166.8 billion for the first quarter ended March 31st 2020 (Q1’2020), representing six percent increase from N158.1 billion in the corresponding quarter of 2019 (Q1’2019).