A total sum of N386.879 billon has been disbursed as Federal Allocation for the month of November 2016 for the Federal Government, State Governments and Local Government Councils of the Federation. The figure was released after the meeting of the monthly Federation Account Allocation Committee,...

The Federal Ministry of Finance has announced the constitution of a committee to recover unremitted operating surpluses of agencies of government, running into N450 billion. The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, is to reconcile the operating surpluses of...

The Acting Auditor-General for the Federation (AGF), Mrs. Florence Nwadike Anyanwu, has tasked the Supreme Audit Institutions (SAIs), states and federal auditors on delivering quality and exhaustive audit reports, as constitutionally required of them. She said such good jobs would not only lead to efficient...

The Nigerian Communications Commission has written the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, demanding the transfer of the initial N50bn paid by MTN Nigeria Communications to the regulator’s account with the Central Bank of Nigeria. The Executive Vice Chairman,...

As far back as 350 BC, the importance of transparency and accountability in the management of the public finance has been put to the fore. Aristotle in one of his classics, “The Politics” underscored the importance of these principles when he suggested “that to...

The Federal Government says it has taken Turkish Airlines to court for alleged impunity and violation of the rights of some Nigerian passengers. The Attorney General of the Federation and Minister of Justice, Abubakar Malami, filed a three-count charge against the airline and two of...