Tag: account
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House Public Accounts Committee recovers additional N11.49bn from oil companies
…total recovery now ₦61.5 Billion The House of Representatives’ Public Accounts Committee (PAC) has ramped up its recovery efforts, announcing the retrieval of an additional ₦11,488,761,099 from oil and gas companies with outstanding obligations to the Federal Government. This new tranche brings the total recovery secured by the Committee to *₦61.5 billion.* The Committee’s intensified…
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Fiscal transparency, accountability on downward spiral in 36 Nigerian States – Audit Assessment Report
…as citizens are urged to hold leaders accountable A new audit assessment report has rated the 36 states in Nigeria poorly in terms of fiscal transparency and accountability, raising concerns about the persistent decline in audit performance at the sub-national level. The revelation follows the release of the 2024 Subnational Audit Efficacy Index report by…
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No plan to reduce FG’s share from federation account allocation – Oyedele
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied a media report on the proposal to reduce the Federal Government’s share from the Federation Account Allocation Committee. While reacting report that the tax specialist via his handle on X.com Sunday that the committee’s recommendation was explicitly with respect to Value-Added…
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China blocks 34,000 Online accounts for peddling ‘rumours’
Chinese police have blocked 34,000 online accounts and punished more than 6,300 people for allegedly spreading rumours as part of a crackdown launched in April, state media reported on Friday. The Chinese internet is tightly controlled by the ruling Communist Party, and widespread censorship of social media in the name of protecting social stability is…
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Court freezes Oyo State govt.’s accounts in 10 banks
A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching the accounts of the Oyo State Government in ten commercial banks in the country. The order was issued by Justice A. O. Ebong, in a ruling on a garnishee proceeding initiated
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Reps ask ITF to account for N12bn
The House of Representatives has ordered the Industrial Training Fund ( ITF), to account for over N12 billion difference recorded in their accrued budget actuals as of Dec. 31st, 2022. Rep. James Falake, Chairman, House committee on Finance gave the order
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Police arrest 2 who allegedly specialise in hacking bank customers’ accounts
The Zone 2 Command of the Nigeria Police has arrested two men, who allegedly specialise in hacking into bank customers’ accounts. The Zonal Public Relations Officer, SP Hauwa Idris-Adamu, confirmed the arrest in a statement on Tuesday in Lagos.
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Nigerian gets N50k reward after returning N10.8m mistakenly sent to his account
A Nigerian mechanic simply known as Timothy, who returned N10.8m mistakenly sent to his account has been given N50k as reward. This was disclosed on Facebook by one of his customers, Chinonso Ndukwe, saying he learnt so from Timothy after he met him in person on Tuesday. Sharing a photo he took with Timothy, Chinonso…
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How Chidinma allegedly transferred N5m from Ataga’s account
A Lagos High Court sitting at Tafawa Balewa Square, on Thursday, heard how Chidinma Ojukwu charged with murder of the Chief Executive Officer of Super TV, Usifo Ataga, allegedly transferred five million Naira from his bank account. Ojukwu allegedly transferred the money on June 15, 2021, the day Ataga died.
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Kidney transplant: Eedris Abdulkareem shares ‘GoFundMe’ account
Nigerian veteran rapper, Eedris Abdulkareem, has shared his GoFundMe account to fans and well-meaning Nigerians, for his medical bill regarding the kidney transplant surgery. The renowned rapper, who took to his Instagram page to give details of his GoFundMe account created to aid his medical bill, said he was only waiting for the doctors to…