MANY states in Nigeria may not be able to meet their financial commitments as the federal government could lose revenue from taxes amidst dwindling revenue in recent times with a court ruling assigning the collection of Value Added Tax (VAT) and two other taxes to states. VAT contributes significantly to the total revenue generated by … Read more
DESPITE declaring a profit in its operations for the 2020 financial year, published audited financial statement of the Nigerian National Petroleum Corporation, NNPC, has shown that its revenue fell by 19.76 percent in 2020 to N3.718 trillion from N4.634 trillion declared in 2019. The Corporation had last week declared that it recorded a N287 billion … Read more
THE Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 7, 2021 arraigned one Bukar Mohammed before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on a one-count charge of obtaining by false pretence to the tune of N43, 328, 000.00 (Forty-Three Million, Three Hundred and Twenty Eight … Read more
Flays 13,777 compromised projects, 362 bank accounts PANDEF, others urge speedy implementation of report President Muhammadu Buhari, yesterday, ordered investigation into about N6 trillion expended on projects and sundry investments in the Niger Delta Development Commission (NDDC) since 2001. This followed as Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, received … Read more
•I’m not desperate for second term •How we kept Osun afloat despite N170b debt GOVERNOR Gboyega Oyetola of Osun State, in an interview with Rave 91.7 FM, Osogbo, as part of activities to mark the 30th anniversary of the creation of the state, speaks on his relationship with his predecessor, Ogbeni Rauf Aregbesola and his … Read more
THE Economic and Financial Crimes Commission, Abuja Zonal Command, today Wednesday, August 18, 2021 arraigned Princess Carol Ngozi alongside her company, Carolina Luxury Homes, before Justice Hamza Muázu of the High Court of the Federal Capital Territory, Maitama, Abuja on a 30-count charge bordering on obtaining by false pretence. She allegedly on various occasions, obtained … Read more
PRESIDENT Muhammadu Buhari has approved the Implementation Framework for the newly signed Petroleum Industry Act (PIA), 2021 The President also named Minister of State for Petroleum Resources, Chief Timipre Sylva, to head the Steering Committee that will drive the implementation process. He gave the approval on Wednesday while speaking on the PIA, during a meeting … Read more
NINE years after its botched plan to demolish several structures in Mpape, a bustling town adjacent the highbrow Maitama District in Abuja, the Federal Capital Territory Administration FCTA on Wednesday rolled out its bulldozers, pulling down over 2, 000 illegal structures in the area. Most of the affected structures were roadside shanties, containers and others … Read more
By Dr Kenneth Okoh “(1) Notwithstanding anything contained in this Act or in any other law – (a) where any worker takes part in a strike, he shall not be entitled to any wages or other remuneration for the period of the strike, and any such period shall not count for the purpose of reckoning … Read more
THE Catholic Archdiocese of Abuja, on Saturday, unveiled a reality TV show aimed at providing youths in the country with the opportunity to launch and expand their creative careers. The Youth Chaplain of the Archdiocese, Reverend Father Johnsixtus Okonkwo, who noted that the show would have 20 persons from the six regions of the country … Read more