Monetary

How Jonathan Saved $3.5bn From Pensions, Oil Subsidy Fraud – Okonjo-Iweala

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

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

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

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...

FG Generates N1trn From Privatisation – BPE

FG Generates N1trn From Privatisation – BPE       The Bureau of Public Enterprises (BPE) has said over N1 trillion has been generated from 234 concluded transactions of previously government-owned enterprises. The BPE Director-General, Mr Alex Okoh, said this on Monday in Abuja at a media conference on...

Customs Strike Force Intercepts Unprocessed Woods Worth N373.5m

Customs Strike Force Intercepts Unprocessed Woods Worth N373.5m       The Comptroller-General of Customs Strike Force, Team A, has intercepted four containers of unprocessed woods worth N373.5 million. The unprocessed woods were about being shipped out of the country to Asia when they were seized by the men...