As the Federal Government intensifies efforts to recover unremitted operating surpluses by Agencies and increase Independent Revenue, an additional sum of N793 million has been recovered from three Federal Government Agencies by the Recovery Committee set up two weeks ago by the Minister of...

The Federal Government has said that the Central Bank of Nigeria and sixteen other government agencies are to refund the sum of N450 billion which represents outstanding and recoverable operating surpluses in line with the Fiscal Responsibility Act (FRA). Finance Minister, Kemi Adeosun disclosed this...

The House of Representatives defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries, Departments and Agencies of the...

The Federal Government has said it is owing former Presidents and ex-Heads of State including Goodluck Jonathan, Olusegun Obasanjo and Shehu Shagari allowances since January this year. This was made know on Thursday when the members of the Senate Committee of Federal Character and Intergovernmental...

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 Federal Government has sidelined the Bureau of Public Enterprises in the process of giving out key assets and infrastructure in several critical sectors of the economy, including aviation, petroleum and railways to private operators as concessions. Investigation by our correspondent showed that a number...