President Muhammadu Buhari has taken a further step to recover illegally acquired assets, including monies, taken to Switzerland and other countries by compromised public officeholders. The President on Monday signed a Memorandum of Understanding (MoU) with Swiss government and International Development Association in a bid to secure their assistance in the recovery process.
How FG Has Saved N208bn In 2 Years From Ghost Workers Salaries
The Federal Government said it has saved a whopping N208 billion from Ghost Workers salaries following ongoing audit being carried out by the Presidential Initiative on Continuous Audit (PICA). The Secretary of PICA, Dr. K. Diwa who stated this over the weekend at a seminar in Abuja for finance journalists, organised by the ministry of finance said in 2016 the committee saved a total of N 97,939,974,344 and in 2017 the amount saved was N110,461,098,196.
FG Recovers N9bn From Whistle Blowing Policy
The Federal Government has said the recently introduced whistle-blowing policy by President Muhammadu Buhari’s administration has led to the recovery of about N9 billion. The Minister of Finance, Mrs. Kemi Adeosun, who made the disclosure, said the money recovered from the whistleblowing policy was in the region of N7.8 billion, $378 million and £27, 800.
Installation Of 2 New 60MVA Power Transformers In Uyo Completed - TCN
The Transmission Company of Nigeria said it has installed and commissioned two 60MVA Power Transformers in its transmission substations in Uyo and Kano. The General Manager (Public Affairs) Mrs. Ndidi Mbah, TCN made the disclosure in a statement issued to newsmen on Monday.
FG To Launch Economic Diplomacy Initiative Next Month
The Federal Government has said it would launch the Nigerian Economic Diplomacy Initiative April 5, 2018 to facilitate global market access for Nigerian products. The spokesperson of Ministry of Foreign Affairs, Dr Tope Elias-Fatile disclosed this on Wednesday while briefing newsmen in Abuja. He said the Ministry partnered Ministry of Industry, Trade and Investment to launch the initiative to contribute to the Economic Recovery and Growth Plans (ERPG) of the federal government.
Card To Card Payments Solution Launched By Access Bank And Paysend
Access bank launched a service that will enable the customer to transfer money from debit card to debit card without the stress of handling cash or complex bank shortcodes. The was launched on Friday by PaySend in its new partnership with Access Bank. “We are delighted to be expanding into Nigeria and to be working with Access Bank. To have reached over 60 countries in such a short time is excellent and we look forward to a long and fruitful partnership,” Ronald Millar, PaySend CEO, said in a statement.
Why Oil Marketers Are Sacking Workers
Oil marketers have commenced a reduction of their workforce due to the delay by the Federal Government to pay them their N650 billion, a development that has made it impossible for them to pay staff salaries. According to NAN, some of the marketers, who preferred anonymity, confirmed on Wednesday in Lagos that they resorted to adopt a massive sack of their workers as the Federal Government had yet to pay an outstanding debts owed them.
Malaria Elimination Programme Boss, Appeals To Nigerian To Treat Malaria With Combination Drugs
Dr Audu Mohammed, the National Coordinator, National Malaria Elimination Programme (NMEP), has appealed to Nigerians to discourage anti-malarial treatment with a single medicine — monotherapy. He told newsmen in Abuja on Thursday night during a media chat on the fight against malaria that the Artemisinin based Combination Treatments (ACT) for the treatment of uncomplicated malaria remained efficacious.
SEC Compensates 297 Investors Of Defunct Mega Assets Managers With N17.09 Million
The Securities and Exchange Commission (SEC) on Wednesday said that the sum of N17.09 million has been disbursed to 297 investors from its National Investor Protection Fund (NIPF). According to the report, a source close to the commission revealed this in an interview with reporters in Lagos. A breakdown of the compensation data obtained from the commission showed that the 297 investors were customers of the closed Mega Asset Managers Ltd.
Net Federal Allocation To States In 2017 Was N1.73trn – NBS
The fiscal allocation to the 36 states by the Federal Account Allocation Committee (FACC) stood at N1,73 trillion in 2017. According to the National Bureau of Statistics (NBS) the total revenue available to the states in the year is put at N2.67 trillion. “Internally Generated Revenue (IGR) at State Level for 2017 report’’ published on the bureau’s website.
NCAA Audit Not A Witch-Hunt – AON Chairman
The Chairman of Airline Operators of Nigeria (AON), Capt. Nogie Meggison has said the ongoing audit of airlines by officials of the Nigerian Civil Aviation Authority (NCAA) was not aimed at victimizing any airline. Speaking to newsmen in Lagos on Tuesday, Meggison said the audit was aimed at enhancing safety in the aviation sector.