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The federal government, states, and local councils on Thursday shared N760billion as revenue allocation for September. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its meeting in Abuja. A breakdown of the figure revealed that N502.135 billion was for statutory revenue, N189.928 billion for Value-Added Tax (VAT), … [Read more…]
Bayelsa State government, yesterday, said it has received over N500million in cash and pledges from Akwa Ibom and Lagos governments as well as top politicians and philanthropists to assist flood victims. Governor Douye Diri disclosed this during the State Executive Council meeting. He said Lagos Governor, Babajide Sanwo-Olu, donated N50 million; Udom Emmanuel of Akwa … [Read more…]
An Ikeja Special Offences Court on Thursday remanded an oil marketer, Adeleke Fayose, for alleged N66.5 million oil fraud. The News Agency of Nigeria (NAN) reports that Fayose was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside his company, Brooks and Knight International Ltd. They are standing trial on a three-count charge bordering … [Read more…]
House of Representatives Thursday said that Nigeria’s high debt profile was consequent upon loans obtained to fund government agency with duplicated functions. The House said it was counterproductive and would not condone the practice henceforth. Chairman of the adhoc committee of the House set up to review the duplication of government agencies, Hon. Victor Danzaria … [Read more…]
Some concerned Nigerians, have asked the Government of the United Kingdom (UK) to release on bail, former Deputy Senate President Ike Ekweremadu and his wife, Nwanneka. The group, in a protest letter submitted to the British High Commission, Abuja titled ‘The Travail of Senator Ike Ekweremadu: Protest Against Continued Detention Without Trial,’ said Ekweremadu is … [Read more…]
As fuel scarcity bites harder in parts of the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it was no longer possible to sell a litre of Premium Motor Spirit (PMS) at N180 per litre in Oyo and Osun States. This disclosure was made by the Chairman of IPMAN, Ibadan Depot, covering … [Read more…]
….. FG says it’ll spend N80bn to repair damaged infrastructures ….. Says Nigeria needs 30yrs of consistent investment needed to control menace …..States, LGs business to provide temporary shelters The Federal Government on Wednesday said that the number of death recorded as a result of the devastating flood ravaging the country has risen to … [Read more…]
By Prince Ejeh Josh The Lagos State Governor, Babajide Sanwo-Olu, has showered encomiums on the Chief Executive Officer, CEO, of the Pinnacle Oil and Gas Ltd and Enugu State Peoples Democratic Party, PDP, governorship candidate, Dr. Peter Mbah over the world-class, state-of-the-art Pinnacle petroleum products terminal located in Lekki Free Trade Zone, Lagos, commissioned by … [Read more…]
There was confusion at the premises of the West African Examination Council (WAEC) as an early morning fire on Wednesday engulfed the headquarters of examination body in Yaba destroying parts of the buidling.According to reports, several people are still trapped in the building as the fire rages. The cause of the fire which started at … [Read more…]
Ahead of next year’s general election, the Independent National Election Commission INEC has declared over 93.5 million Nigerians as eligible to participate in the exercise as voters. INEC Chairman, Prof. Mahmood Yakubu disclosed this on Wednesday in Abuja during the third quarterly meeting with political parties. Noting that 12.29 million Nigerians successfully completed their registrations … [Read more…]
The Federal High Court sitting in Umuahia, Wednesday, ordered the Federal Government to pay N500 million as damages to the Leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, for forcefully abducting and renditioning him from Kenya in June last year. Presiding Judge, Justice Evelyn Anyadike, also declared Kanu’s extraordinary rendition from Kenya … [Read more…]
Benue State Governor Samuel Ortom on Tuesday appeared to withdraw his support for the Presidential candidate of the Peoples Democratic Party, Atiku Abubakar. Mr Ortom accused the PDP candidate of dishonoring him as Governor and working against the interest of Benue residents. His comments came after a group of elder statesmen in Benue, Minda Leaders … [Read more…]