FG Warns MDAs to Cut Governance Cost, End Wastage The Ministry of finance has called on Ministries, Departments and Agencies to reduce wastages, block leakages and cut costs in governance. The Permanent Secretary, Special Duties, Federal Ministry of Finance, Mr. Okokon Udo, during a sturdy tour...

Senate Grills AGF Over N910bn MDAs Loan   The Senate has indicted the Office of Accountant General of the Federation over failure to repay short-term loans given to Ministries, Departments, and Agencies from Special Funds Accounts totalling N910bn. The lawmakers discovered this after a thorough investigation by...

Banks Demand Tax Clearance Certificate On FX Transactions   The federal and state governments have mandated commercial banks as well as Ministries, Departments and Agencies of Government (MDAs) to henceforth, implement the demand for a valid Tax Clearance Certificate (TCC) as a prerequisite for carrying out...

Senate Says Budget Office Paid Four MDA’s N19bn Without Approval   The Senate has asked the Budget Office of the Federation to refund the sum of N19bn the agency disbursed to four unnamed Ministries Department and Agencies without the approval of the Minister of Finance, Budget...

Fresh Audit Report Indicts 37 Fed Govt Agencies   The Senate on Tuesday started the consideration of the 2016 Auditor General report as the Panel on Public Accounts indicted 37 Ministries, Departments and Agencies (MDAs) for violation of financial procedure. The consideration of the report, which started...

Report Reveals 7000 firms, MDAs Owe FG N5.2trn   Eleven ministries, departments and agencies of the government as well as over 7000 corporate and private entities currently owe the Federal Government the sum of N5.2tn, a new report by the Federal Ministry of Finance has shown. Details...