•Minister Umahi The Minister of Works, David Umahi, has announced that the federal government plans to pay N2.75 billion as compensation to property owners affected by the demolition required for the construction of the Lagos-Calabar Coastal Highway today, Wednesday, May 1. Umahi said that the highway is projected to stretch from channel 0 to ...
•Suspended Minister Betta Edu The Economic and Financial Crimes Commission is probing 50 bank accounts, as it recovered N30 billion in the case of the suspended Minister of Humanitarian Affairs, Betta Edu, and the ongoing probe of the ministry over alleged money laundering. The latest development was revealed in a bulletin titled, “EFCC Alert,...
•Oniha In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as findings showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and external debt of N243.95bn and $298.5m (N265.37bn), respectively, ...
•Allen Onyema Nigerian airlines lose an estimated N15 billion annually to bad behaviours of passengers, which avoidably lead to flight delays. Dr. Allen Onyema, the Chairman of Air Peace, stated this to aviation correspondents yesterday in Lagos, reports Daily Independent. Onyema lamented that poor passenger behaviours constitute the major cau...
•INEC chairman, Mamoud Yakubu The Independent National Electoral Commission (INEC) says the federal government released N313.4 billion for the conduct of the 2023 general elections. The commission in its 2023 General Election Report released yesterday, said that out of the N355 billion approved for the conduct of the elections, only the sum of...
•Ahmed Idris The former Accountant General of the Federation, Ahmed Idris, has accused the Economic and Financial Crime Commission of deceiving him to admit to the allegations against him. The ex-AGF claimed that the EFCC told him they wanted to use him to get the minister of finance and some other governors. Idris and his […]
•Tinubu and Atiku Former Vice President Atiku Abubakar yesterday asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited (NNPCL)’s $3.3 billion emergency crude repayment loan. Last August, the NNPCL secured a $3.3 billion emergency crude repayment loan from the African Export-Import Bank to stabilize the fore...
No fewer than 15 states have spent N301 billion on airports that failed to meet the yearly passenger traffic requirement per airport. The airports, which are spread across the country, are underutilized as many hardly record daily flights while others only have a few chartered flights sometimes, reports Sunday Vanguard. Constructed by state go...