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…
JUSTICE Lateefat Okunnu of the Lagos State High Court, sitting in Ikeja, has ordered the freezing of the assets and funds to the tune of N19, 178, 253,050 belonging to a convicted former Managing Director of the defunct Bank PHB…
A FEDERAL High Court in Lagos on Tuesday froze a Kogi salary bailout account domiciled in a new generation bank over a N20 billion loan obtained from the bank. Justice Tijjani Garba Ringim made the order pending the conclusion of…
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Lagos “to compel the Federal Government to disclose details of proposed payments of N729bn to 24.3 million poor Nigerians, including the mechanisms and logistics…
▪︎As Sylva, board members hail corporation FOLLOWING the Presidential applause for the Nigerian National Petroleum Corporation (NNPC) on its posting of ₦287bn profit after tax in the 2020 financial year, the Group Managing Director, Mallam Mele Kyari, has given an…
As GMD clarifies revenue projection for 2022-2024 revenue framework The House of Representatives Committee on Finance on Wednesday commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for providing detailed explanations on some burning…
A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of popular cable television services, DSTV, to pay 50 per cent of N1.8 trillion to the Federal Inland Revenue Service (FIRS) before the Appeal proceedings start.…
THE attention of Captain (Dr) Idahosa Wells Okunbo’s family has been drawn to a malicious story in an online newspaper with the above headline. The family states from the outset that the story was reprehensible, preposterous, fallacious and outright mischievous.…
THE Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa today, August 24, 2021 affirmed the Commission’s willingness to partner with the Association of Chief Audit Executives of Banks in Nigeria, ACAEBIN, in tackling financial crimes and related…
THE Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said the new revenue allocation formula will be presented to President Muhammadu Buhari by the end of 2021. Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Engr. Elias Mbam, made this…
