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FAAC Shares N639.901bn Revenue for Sept 2020

FAAC Shares N639.901bn  Revenue for Sept 2020 The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion September 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the physical meeting of the Federation Account...

EndSARS: Protesters, Crowdfunding and National Security

EndSARS: Protesters, Crowdfunding and National Security By Yushau A. Shuaib     The administration of President Muhammadu Buhari is struggling to contain the protests of the EndSARS movement that has gripped the country like a wildfire, in a similar way that the previous administration of President Goodluck faced...

FG Seeks Powers To Impound, Freeze Stolen Funds

FG Seeks Powers To Impound, Freeze Stolen Funds         The Federal Government has approached the National Assembly for more powers to freeze and seize stolen public funds and assets. President Muhammadu Buhari, in a letter to the House of Representatives, which the Speaker, Femi Gbajabiamila, read at...

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment       Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees, the payment is yet to begin. A source at PenCom said the minimum pension could not commence...

FG Arraigns Dantata Success Promoters Over N2bn Fraud

FG Arraigns Dantata Success Promoters Over N2bn Fraud       The Federal Government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for investment fraud amounting to over N2bn. According to a statement from the Securities and Exchange Commission, those...

Despite Import Intervention, Maize Remains N160,000/tonne

Despite Import Intervention, Maize Remains N160,000/tonne         The importation of 262,000 tonnes of maize that was approved by the Federal Government to plug the production shortfall has failed to crash the price of the maize produced locally. Findings on Wednesday showed that the price of one tonne...