Unremitted Funds: Reps Order NEPZA To Refund N13.3bn To FG   The House of Representatives on Tuesday asked the Nigerian Export Processing Zones Authority (NEPZA) to refund to the sum of N13.3 billion unremitted funds to the federal government’s treasury. The House adhoc committee on unclaimed funds,...

Abacha Loot: FG, US Sign Agreement For The Return Of Fresh $23.4m   The Federal Government, on Tuesday, signed a fresh agreement with the Government of the United States of America, USA, for the repatriation of a total sum of $23, 439, 724 that was allegedly...

Reps Probe NIPC Over N1.19bn Unapproved Spending   The House of Representatives’ Committee on Public Accounts has commenced investigation of the Nigeria Investment Promotion Commission for spending N1.19bn in the 2018 and 2019 financial years without appropriation by the National Assembly. The probe is based on an...

FG Spent N1trn On Steel Imports In Nine Months Federal Government has spent $1.038 trillion on iron and steel imports in the last nine months. In a similar fashion, the Federal Government pumped N21.3 billion into the moribund Ajaokuta Steel Complex between 2016 and early 2022. The...

N93bn Pensions Unpaid Into Workers’ Accounts - PenCom A total of N93.49bn worth of pensions was paid by employers but was not credited into workers’ Retirement Savings Accounts in 2021, according to findings from the National Pension Commission (PenCom). This comprised N73.97bn contributions remitted by employers...

Digital Currency: eNaira Transactions Hit N4b - Emefiele  The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, has disclosed that transactions on CBN digital currency, the e-Naira, platform has hit N4 billion, since its launch in October, last year. The apex bank boss gave the...