Tag: Debts
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Lagos hospital detains baby for three months over unpaid bills
…vows to register it at an orphanage if bills are not cleared A Lagos based hospital, Inton Hospital has refused to hand over a baby, Ighodalo to his parents, Mr Michael and Mrs Roseline Oaikhena for three months now over an unpaid medical bill of N650,000. According to findings, the hospital has also allegedly vowed…
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I nearly ran away with huge debts, uncompleted projects Lamido left behind – Jigawa Governor
Governor Abubakar Badaru of Jigawa State on Monday said he nearly abandoned his job after going through huge debt profile and uncompleted projects left behind by the immediate past governor of the state, Sule Lamido. The governor said the debts were in excess of over N31.3 billion. “The first day I went through the handover…
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AMCON takes over Sen Oduah’s companies, other assets over unpaid debts
The Asset Management Corporation of Nigeria (AMCON) has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Sen. Stella Oduah-Ogiemwonyi over an unpaid debt of about N20 billion. AMCON said the takeover followed an injunction granted by Justice M.S. Hassan of the Federal High Court, Lagos against Sea Petroleum Oil &…
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$5.5bn loan: FG insists on more borrowing plans, says debts serviceable for 30 years
The Federal Government has said it will embark on more external borrowings to meet up with the demands of some infrastructural projects across the country. The government however stated that the borrowings will be on long term basis just as the projects the loans are earmarked for as also for long term benefits. The Minister…
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Ogun State owes N103b local, foreign debts – Amosun
Governor Ibikunle Amosun has said the state owes a total of N103bn in both domestic and foreign debts. The Governor disclosed this while addressing teachers at the Arcade ground, Oke-Mosan Governor’s Office, Abeokuta, the state capital during the 2017 edition of World’s Teachers Day. He explained that the N103b debt included N48.9 billion inherited from…
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Nigeria’s debts hit $15.05bn, N14.06tr by end June
States and Federal Debt Stock data as at June 30, 2017 reflected that the country’s foreign and domestic debts stood at $15.05 billion and N14.06 trillion respectively. According to a report on the foreign debt figures released by National Bureau of Statistics (NBS) on yesterday showed that $9.67 billion of the debt was multilateral; $218.25…
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FG approves use of promissory notes to offset contractors, states’ debts
The Federal Executive Council (FEC) on Wednesday approved promissory notes for offsetting the debts owed contractors and state governments. This was revealed by the Minister of Finance Mrs Kemi Adeosun to State House correspondents at the end of the Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja. With her were Federal Capital…
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May Day: Stop paying early salaries, it lead to debts – Workers beg Ayade
Workers in Cross River State have beg Governor Ben Ayade to stop paying them early salaries as it make them indebted before the end of the month. TheNewsGuru.com reports that the workers got their May salary on April 30, on the eve of May Day, few days after April salary was paid, even while others…