Tag: Funds
-
Reps to address challenges in accessing N500bn tertiary institutions’ funds
The House of Representatives Committee on Tertiary Education Trust Fund (TETFund) and Related Services has pledged to engage with tertiary institutions to address challenges in accessing crucial intervention funds. The Chairman of the committee, Miriam Onuoha, made the pledge on Thursday when
-
Court declines to stop Fubara from spending Rivers funds
A Federal High Court (FHC), Abuja has refused to shut down all expenditures of Gov. Siminalay Fubara of Rivers pending the hearing and determination of the substantive suit field by the Martin Amaewhule-led Rivers Assembly. Justice Emeka Nwite, in a ruling on the motion ex-parte marked: FHC/ABJ/CS/984/24 and moved
-
Kogi govt clarifies alleged missing funds
The Kogi Government on Tuesday said none of its funds is missing as every of its kobo is working for the entire citizens of the state. The government therefore rejected the desperate attempt by “criminals masquerading as politicians” to tarnish the image
-
Suspend release of N15bn counterpart fund to FG, Reps direct NDDC
The House of Representatives has directed the Niger Delta Development Commission (NDDC) to suspend the release of N15 billion counterpart funding requested by the Federal Government, pending the approval of the Commission’s budget by the House.
-
2023 Elections: You can’t solicit for funds from countries abroad – INEC to Political Parties
The Independent National Electoral Commission, INEC has warned all political parties in the country against soliciting for funds from foreign countries for next year’s general election. Festus Okoye, INEC National Commissioner mentioned this while featuring on a political programme on Channels TV.
-
ICPC reveals how govt. agencies steal public funds
The Independent Corrupt Practices and Other Related Crimes Commission (ICPC) Thursday made damning revelations that some Ministries, Departments, and Agencies of government are habitually duplicating projects to siphon public funds.
-
Vatican discloses uses of Pope’s fund for first time
The Vatican, on Thursday, issued the first detailed disclosure of the Pope’s main fund in an attempt to boost the confidence of the faithful in how their charitable contributions were used. The Peter’s Pence fund, whose aim was to help the Pope run the Church, was made up of income from a collection taken up…
-
Sports betting in Nigeria with ILOT NG
With an estimated 60 million Nigerians actively involved in sports betting, and hundreds of betting sites operating in the country, sports betting is experiencing a massive surge in Nigeria, and many Nigerians are benefitting hugely from the industry. The country has over 200 million people, supplying the population to feed the betting companies. Nigerians are…
-
36 states sue FG Over refusal to remit funds from stamp duty charges
The 36 state governments have sued the Federal Government over its alleged failure to remit funds generated from stamp duties into the state accounts. The states, through their Attorneys-General, are contending that they, and not the Federal Government should collect the stamp duties. In a suit filed before the Supreme Court on Thursday, they asked…
-
IMF approves historic $650bn to tackle covid-19 economic impact on Nigeria, other nations
The Board of Governors of the International Monetary Fund on Monday approved a general allocation of Special Drawing Rights equivalent to $650bn to boost global liquidity in nations like Nigeria and others. The amount is the largest SDR allocation in the history of the IMF and a shot in the arm for the global economy…