Senate Orders N300bn Refund From NPA, BPE, 57 Agencies     The Senate on Tuesday directed 59 Federal Government agencies to return over N300bn funds allegedly misappropriated by them to the federation account. It specifically ordered that all monies illegally spent by the affected agencies including the Nigerian...

N15trn Infrastructure Company'll Begin Operations In Q3, 2021 - CBN       The N15tn Infrastructure Corporation of Nigeria will begin operations in the third quarter of this year, the Central Bank of Nigeria announced on Tuesday. CBN Governor, Godwin Emefiele, who announced this during an investors’ webinar organised...

How Jonathan Saved $3.5bn From Pensions, Oil Subsidy Fraud - Okonjo-Iweala     Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday gave an account of how she superintended over saving Nigeria a cumulative of $3.5 billion by cleaning up the country’s pension and subsidy...

Reps Grill NSITF Boss Over Fresh N17bn Illegal Transfer       The House of Representatives’ Committee on Public Accounts, on Tuesday, grilled the Managing Director of the National Social Insurance Trust Fund, Michael Akabogu, over the transfer of a total of N17,158, 883,034.69 to persons and companies...

FG Earmarks N4.8bn To Monitor WhatsApp, Others       The federal government has earmarked N4.8 billion for the National Intelligence Agency (NIA) to monitor WhatsApp, an encrypted messaging application, and Thuraya, a satellite telephone. The provision seen by an online newspaper, TheCable, is contained in the supplementary 2021...

Senate Rejects Works Ministry’s Fresh $434.7m Request       The Senate on Monday turned down a fresh request from the Federal Ministry of Works and Housing seeking approval for projects already captured in the $434.7m borrowing plan of the Federal Government. The Borrowing Plan had already been approved...