FG Generated N2.15trn From MDAs Operating Surplus - FRC       The Fiscal Responsibility Commission said it caused Ministries, Departments and Agencies to remit over N2.15tn into the Consolidated Revenue Fund of the Federal Government as operating surpluses over the past 11 years. FRC Chairman, Victor Muruako, said...

Reps Seek Direct Debiting Of MDAs’ Utility Bills       Following alleged evasion of payment of utility bills such as water and electricity by the Ministries, Departments and Agencies, MDAs of government, House of Representatives, Tuesday, called for direct deductions from their respective accounts. The deductions are to...

MDAs Failed To Remit N1trn Revenue - FRC     Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the Fiscal Responsibility Commission announced on Wednesday. It also announced that the FRC and the Independent Corrupt Practices and...

Reps To Probe MDAs Over N96bn Special Interventions Funds       The House of Representatives has directed its Committee on Finance to investigate the disbursement and utilisation of N96.191 billion Special Interventions Funds (SIF) provided to Ministries, Departments and Agencies (MDAs) between 2015 and 2020. This was sequel...

Fed Govt Releases N11.82bn For MDA Retirees         The Federal Government has released N11.82bn for payment of accrued rights of retirees of treasury funded Ministries, Departments and Agencies under the Contributory Pension Scheme. The Head, Corporate Communications Department, National Pension Commission, Peter Aghahowa, disclosed this in a...

PenCom To Adopt Electronic Pension Verification       The National Pension Commission (PenCom) said it will adopt an automated electronic process to conduct the annual verification and enrolment exercise. In a statement yesterday, PenCom said due to the COVID-19, it could not conduct the 2020 exercise physically for...