$10bn Spent Annually On Education, Medical Tourism - Emefiele   The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism. Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he said education and health sectors...

Audit Query: Senate Orders NIMASA DG’s Arrest Over $9.305bn Loss   The Senate through its Panel on Public Accounts has ordered the arrest of the Director-General of the Nigerian Maritime and Safety Agency, Dr Bashir Jamoh, for allegedly paying $5mn to a legal firm as a...

Senate Probe Health Ministry On Alleged N5.7bn Donor Funds Mismanagement   The Senate Public Account Committee has summoned senior management staff of the Ministry of Health to appear before it in order to explain how they managed the N5.7 billion grant from an international donor agency. Our...

We Recovered N1.4trn Bad Debt - AMCON Boss   The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and other strategic assets N208bn. Similarly, a...

FG, World Bank, AFD to spend $575m On Rural Roads   The Federal Government has signed a tripartite agreement with the World Bank and the French Development Agency to commit an envelope to the tune of $575m for the construction of rural roads in 13 states...

FG’s Spending On Pension, Gratuity Drops To N356bn - CBN   The Federal Government’s expenditure on pension and gratuity fell slightly by N3.48bn in 2021, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN revealed in its data on ‘Federal Government recurrent expenditure’...