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President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.
The ministers at the Council Chambers include Lai Mohammed (Information and Culture), Zainab Ahmed (Finance, Budget and National Planning), Babatunde Fashola (Works and Housing), Hadi Sirika (Aviation), Abubakar Malami (Justice), Godswill Akpabio (Niger Delta), Rotimi Amaechi (Transportation), Geoffrey Onyema (Foreign Affairs), George Akume (Special Duties), Adamu Adamu (Education) and Ambassador Zubairu Dada (Minister of State for Foreign Affairs).
Socio-Economic Rights and Accountability Project (SERAP) has given President Muhammadu Buhari 14 days to “direct the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami, SAN, and appropriate anti-corruption agencies to urgently investigate allegations that over N300bn of public funds are missing, mismanaged, diverted or stolen, as documented in the 2017 audited report by the Auditor General of the Federation (AGF).”
“We also have N1.2 trillion of these funds to be sourced as structured low-cost loans which are intervention from the Central Bank of Nigeria as well as other development partners and institutions,” she said.
Socio-Economic Rights and Accountability Project, (SERAP) has sent a Freedom of Information Act (FoI) request to President Muhammadu Buhari asking him “to direct Mr Abubakar Malami, SAN, Attorney General of the Federation and Minister of Justice and Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to publish a comprehensive list of names of people from whom N800 billion in looted funds have been recovered, the details of spending of the money and the dates of the recovery.”
Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to President Muhammadu Buhari requesting him to use his “leadership position and the opportunity of the 5th anniversary of your government in office to provide spending details of all loans obtained by the government since May 29, 2015, including details and locations of projects on which the loans have been spent.”
The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its president, Akinwumi Adesina, accused by whistleblowers of ethics breaches.
President Muhammadu Buhari is currently participating in a virtual United Nations (UN) world forum on Financing for Development in the Era of COVID-19 and Beyond.
Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown.
President Muhammadu Buhari has advised Nigerian farmers to increase their food production as Nigeria has ‘no money’ for food importation.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has presented to the National Economic Council (NEC) the state of Nigeria’s three Special Accounts just as the Excess Crude Account balance as of May 21, 2020 stands at US$72.04 million.
The World Bank has got a proposal of 1.5 billion dollars to states as part of economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Zainab Ahmed.
Some committees in the Senate and House of Representatives will on Thursday begin consideration of the revised 2020 budget proposal transmitted to the National Assembly by the Executive, it was learnt on Wednesday.
President Muhammadu Buhari has charged state governors cooperate with the Presidential Task Force PTF on the Novel Coronavirus (COVID-19) Pandemic.
The Minister of Finance, Zainab Ahmed, has disclosed that the amount available for funding the 2020 Budget is now estimated at N5.548 trillion.
The United Arab Emirates authorities paid for the flight tickets and coronavirus testing for some Nigerians evacuated from the country on Wednesday, the head of the Nigeria in Diaspora Commission, Abike Dabiri-Erewa, has said .
The Peoples Democratic Party has demanded the prosecution of the suspended Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, over alleged fraud.
He said: “I believe that a lot of people go into marriage without being prepared to make the necessary sacrifice, so at the slightest provocation, they are ready to opt out and that is not the way it’s supposed to be. It’s supposed to be a union for life. For better for worse.”
The Abuja Division of the Federal High Court, on Wednesday, declined a request by former governor of Imo State, Rochas Okorocha, for an interim injunction to stop the Economic and Financial Crimes Commission, EFCC, and panel of inquiry that was set up by the state government, from further investigating alleged financial infractions he committed while in office.
This was announced by the Minister of Education, Adamu Adamu, while speaking to State House Correspondents the weekly Federal Executive Council presided over by President Muhammadu Buhari on Wednesday.
The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture.
Men of the Ogun Police Command have arrested two alleged robbers who specialized in snatching motorcycle within Mowe/Ofada area of the state.
The management of the University of Ilorin says it has stepped up its fight against COVID-19 by using the institution’s radio station, UNILORIN 89.3 FM, to enlighten and sensitise the public against the pandemic.
President Muhammadu Buhari has commended a Nigerian doctorate student in University of Tsukuba, Japan, Mr Ikenna Nweke, who returned a missing wallet with huge sums of money to the police, and also turned down offer of a percentage by the authorities.
The All Progressives Congress (APC) in Oyo State says there is no division within its fold.