ICPC Exposes N400bn Fraud in 2021, 2022 Budgets The Independent Corrupt Practices and Other Related Offences Commission, on Thursday, disclosed that the N13.59trillion 2021 budget was padded by the various Ministries, Departments and Agencies, with duplicated projects worth N300bn. The Chairman of the anti- graft agency,...

FEC Okays N829m To Rehabilitate Anambra-Enugu Link Road   The Federal Executive Council (FEC) on Wednesday in Abuja approved the sum of N829.8 million as revised estimated cost for the rehabilitation of a road linking Anambra and Enugu States. Contract for the rehabilitation of the road was...

Reps Grills OAGF Over Failure To Provide Evidence Of 25% Of N6bn Generated By SEC   The House of Representatives Committee on Finance, yesterday, questioned the office of Accountant General of the Federation (oAGF) for failing to provide evidence of 25 per cent of N6 billion...

Fed Govt Pays Foreign Firm $496m For Contract Violation   The Attorney-General of the Federation and Minister of Justice, Abubakar Malami has disclosed that the Federal Government has settled a long-standing $5.26bn contractual dispute with a foreign investor group in the steel sector for $496m. A statement...

Customs DG Faults N6trn Fuel Subsidy Comptroller General of Nigerian Customs Service (NCS), Hameed Alli, on Thursday faulted the over N6 trillion allegedly being paid as fuel subsidy on Premium Motor Spirit (PMS) in 2022 fiscal year by Nigerian National Petroleum Corporation (NNPC) Limited. The NCS...

Fed Govt Projects N120trn As Three-year Consumption Expenditure   The Federal Government has projected an average of N120tn as consumption expenditure by Nigerians on which value-added tax will be charged between 2023 and 2025. This is according to the Medium Term Expenditure Framework and Fiscal strategy paper...