No Owner Yet For $43.45m Cash Seized From Ikoyi Apartment, Lagos State

  The record $43.45m  cash haul ever seized by the Economic and Financial Crimes Commission may well be a manna from the heavens for the Nigerian government. Forty eight hours after, no one has come out to claim the money. All the three persons speculated as possible owners have all denounced the claims. Esther Nnamdi-…

Again El-Rufai Replies Dogara “Distraction Will Not Work” #Open NASS

Samuel Aruwan, Kaduna: The Kaduna State Government wishes to issue this update in relation to the gentle admonition that Mallam Nasir El-Rufai gave to the NASS leadership on the imperative of budget transparency. The House of Representatives has responded with predictable tetchiness to a simple and clear demand that details of the National Assembly budget…

Eko DISCO to recover N1.3bn debts for March billing

The Management of Eko Electricity Distribution Company Plc (EKEDCP) on Thursday said that over N 1.33 billion was yet to be collected from customers for their bills in March. Its Chief Executive Officer, Mr Oladele Amoda, disclosed this during a stakeholders’ consultative forum with Lekki customers in Lagos to rub minds on how to address…

FIRS Realises N2.5bn From Value Added Tax Automation With Airlines

  The Federal Inland Revenue Service(FIRS) has entered into Value Added Tax (VAT) automation with Aero contractors, Dana and Medview airlines to boost revenue collection in Aviation. The Director, ICT FIRS, Mr Kola Okunola, said this in a presentation at the ongoing training by Journalism. Com Ltd. in collaboration with FIRS on Wednesday in Abuja….

CBN Releases Additional $250m For Agriculture, Airlines

The Central Bank of Nigeria (CBN) on Wednesday released another 250 million dollars on 7 to 30 day forwards for agriculture, airline, petroleum products and raw materials.   The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor,  said in a statement that the bank also called for bid for 100 million dollars wholesale spot for…

INEC Confirms 6 of Its Staff Involved In Alleged N23b Election Bribe

The Independent National Electoral Commission (INEC) says it has written the presidency for further action on six of its former personnel involved in alleged N23 billion election bribe. They include one of its retired National Commissioner, and five Resident Electoral Commissioners. Malam Mohammed Haruna, INEC’s National Commissioner disclosed this on Tuesday in Abuja, while addressing…

Whistle Blower Revealed N4 Billion In A Domiciled Account

A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4 billion suspected to be proceeds of crime. Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate…

BREAKING: Speaker Replies El-Rufai On Challenge To Open NASS

Turaki Hassan, Abuja: Nigerians may recall that the Rt. Hon. Speaker on Friday April 7, 2017 in response to calls by Kaduna State Governor Mallam Nasir El-Rufai disclosed that the leadership of the National Assembly had directed the bureaucracy and all other agencies under the National Assembly to make available details of their annual budgets…

The Multiplier Effects of Rising Price of Flour

The Bakehouse Bakery in Kaduna, bakers of Bakehouse Bread, has laid off 25 of its workers due to rising price of flour. Its Manager, Malam Mohmoud Modibbo, told the News Agency of Nigeria (NAN) in Kaduna on Monday that price of flour had gone up from N6, 000 to between N11, 000 and N12, 000…

NGO Tasks Nigerians On Budget Monitoring, Tracking

NGO On Budget An advocacy group, BudgIT, on Monday called on Nigerians to develop the habit of tracking projects meant for their communities as captured in the budget. Mrs Abiola Sosami, the BudgIT Tracka Team Lead, who made the call in Lagos urged communities to also collaborate with NGOs in budget monitoring. According to her,…