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Report Reveals 7000 firms, MDAs Owe FG N5.2trn

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...

NASS Probes MDAs Over N600bn Illegal Spending

NASS Probes MDAs Over N600bn Illegal Spending   The House of Representatives Committee on Public Accounts has commenced a full-scale investigation of 115 ministries, departments and agencies of the Federal Government for spending over N600bn outside their approved budgets on salaries and allowances. Office of the Auditor...

FIRS Demands N1trn Tax Remittance From MDAs

FIRS Demands N1trn Tax Remittance From MDAs   The Federal Inland Revenue Service (FIRS) has written ministries, departments and agencies (MDAs) to refund over N1 trillion in taxes they have failed to remit. A source at the FIRS told The Nation that MDAs are expected to collect...

MDAs’ Retirees Get Paid N980bn Arrears

MDAs’ Retirees Get Paid N980bn Arrears   The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies (MDAs) from the inception of the Contributory Pension Scheme in 2004 to December 2021. The Director-General, National Pension Commission (PenCom) Aisha Dahir-Umar,...

Towards a Reformative Approach for Enhancing Cybersecurity

Towards a Reformative Approach for Enhancing Cybersecurity By Zeenat O. Sambo -April 11, 2022 Technological advancement has led the world to a whole new level. Cybercrime has also become more sophisticated and taken a worrisome dimension under the new normal. Internet crime range from romance scams to...

Ministry, Police, Seven Others Spent N49.5bn Without NASS Approval – Auditor General

Ministry, Police, Seven Others Spent N49.5bn Without NASS Approval – Auditor General     The Office of the Auditor General of the Federation has disclosed that nine Ministries, Departments and Agencies of the Federal Government spent about N49.5bn above their approved budgets between 2018 and 2019. The OAuGF...