The Federation Account Allocation Committee (FAAC) on Tuesday shared N467.8 billion to the three tiers of the Nigerian government. This is N38.7 billion more than what the three tiers of government shared the previous month. The Accountant-General, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists in Abuja that the […]
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The Federal Government says it will hold a national conference to discuss and proffer solutions to farmers/herdsmen clashes currently ravaging the country. Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, disclosed this when a joint dialogue to analyse the root causes of the crisis submitted its report in Abuja on Monday. Ogbeh said […]
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Speaking at the global parliamentary conference hosted on the sidelines of the World Bank and IMF spring meetings in Washington DC, Nigeria’s minister of finance, Kemi Adeosun highlighted Nigeria’s economic reform agenda and the need for strong executive and legislative collaboration. The minister also noted that the whistle-blowing policy of her ministry has been very […]
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The federal government has filed an appeal against the decision of a federal high court in Abuja that exonerated Adeniyi Ademola, a judge; Olabowale, his wife and John Agi, a senior advocate of Nigeria (SAN). Ademola is accused of receiving bribes to give favourable judgements. On Wednesday, Jude Okeke, a judge, cleared Ademola, his wife […]
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A Federal High Court in Lagos on Thursday ordered the final forfeiture of N1.83 billion, belonging to a former Chief of Naval Staff, Admiral Dele Ezeoba. The court made the order for permanent forfeiture of the sum, following an application by the EFCC prosecutor, Mr Rotimi Oyedepo, pursuant to section 17 of the Advanced Fee […]
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The Nigerian Civil Aviation Authority, NCAA, has imposed a fine of N9.5 million on a non-schedule airline for operating in the country without flight clearance. The NCAA spokesman, Sam Adurogboye, said in a statement on Sunday that the Letter of Sanction conveying the penalties had been sent to Lyxor International, a non-schedule general aviation operator. […]
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The Federation Account Allocation Committee (FAAC) on Tuesday shared N429.1 billion, about N36 billion less than what the three tiers of government shared as revenue for January. And the shortfall, according to the Finance Minister, Kemi Adeosun was caused by the unrelenting sabotage of oil pipelines by Niger Delta militants and the fall in oil […]
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The Minister of Finance, Mrs Kemi Adeosun, said the Federal Government had consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to state governments. In a statement by her Special Media Adviser, Mr Festus Akanbi on Monday in Abuja, Adeosun said the Federal Government’s disbursement process was transparent […]
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A Federal High Court sitting in Lagos on Thursday ordered temporary forfeiture of a sum of N1.825bn found in the bank accounts of a limited liability company, Acquila Leasing Limited. The Economic and Financial Crimes Commission, which obtained the forfeiture order on behalf of the Federal Government alleged that the N1.825 was part of a […]
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The Federal Government has released the Economic Recovery and Growth Plan (ERGP) which unveils a road map for Nigeria’s economic recovery growth and sustainable development. James Akpnadem, Media Adviser to Senator Udoma Udo Udoma, the Minister of Budget and National Planning, , announced this in a statement on Tuesday in Abuja. According to the adviser, the […]
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