The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned former Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar and four other top officials of the fund before an Abuja High Court in Apo over an N18billionfraud.
Other defendants are...
Discos flay plans to escrow their accounts
The Nigerian Electricity Regulatory Commission (NERC), is set to release a minimum recapitalisation level required to be met by core investors in the power sector.
NERC identified capital adequacy as a major issue in the power sector, pointing out...
Recently, the Federal Government for the first time unveiled a rare programme aimed at consolidating the Federal Civil Service. It is the three-year Strategic Plan for the Civil Service. The then Acting President, Professor Yemi Osinbajo, who performed the unveiling ceremony at the Presidential...
Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases in Nigeria’s annual funding for capital projects, Minister of Finance, Mrs. Kemi Adeosun has revealed.
“So far, N1 trillion has been...
The Federal Government has ordered all Ministries, Departments and Agencies (MDAs) to prepare an inventory of all fixed assets held as at 31st December 2016 to facilitate physical verification of all assets owned by the MDAs by its project team. As a matter of...
The Federal Government through the Ministry of Budget and National Planning is currently in the process of developing a National Economic Recovery and Growth Plan (NERGP). The plan targets key economic and social issues for the coming three years. The plan sets out a...
