NNPC, NPA, Others To Face Senate Panel This Week Over Unremitted N2trn       The Senate Committee on Finance has sent out invitations to heads of 60 government-owned firms to start appearing before it from this week. They are to explain their failure to remit various funds running...

Senate Moves To End MDAs Frivolous Spending         The Senate on Monday stated its commitment to amend the Fiscal Responsibility Act this year. The Chairman, Senate Committee on Finance, Senator Solomon Adeola, stated this on Monday at an investigative hearing undertaken by his panel with federal ministries...

Govt-owned Agencies Didn’t Remit N2trn To Federation Account - Senate       The Senate Committee on Finance has raised the alarm that some government-owned agencies has failed to remit over N2tn to the federation account from 2014 till date. The Chairman of the Committee, Senator Solomon Adeola, stated...

Fed Govt Harmonising, Not Cutting Salaries — Ahmed       The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government is harmonising salaries of ministries, departments and agencies (MDAs) and not a pay cut. A statement from Yunusa Tanko Abdullahi, her Special...

FIRS To Deduct Tax From Defaulters’ Bank Accounts       The Federal Inland Revenue Service (FIRS) has threatened to deduct tax liabilities from defaulters’ bank accounts. It said in a statement in Abuja, Wednesday, that the move was being considered, “following rising cases of willful and illegal withholding...

Buhari Orders Review Of FG’s Payrolls To Cut Costs     The federal government has initiated a raft of measures to cut the cost of governance in the face of dwindling revenue occasioned by the headwinds of the COVID-19 pandemic and the attendant global economic tailspin. Minister of...