Tag: N5bn
-
Despite ravaging hunger, FG spends N5bn on Lagos VP’s residence
Despite ravaging hunger and ongoing economic challenges and escalating inflation affecting millions of Nigerians, the Federal Government has come under scrutiny for allocating a significant N5 billion towards the renovation of the Vice President’s official residence in Lagos. In November 2023, the Federal Government outlined a supplementary budget of N2.17 trillion, which included N3 billion…
-
Breakdown of how NDDC MD, Pondei, others shared N5bn during Covid-19 lockdown
The Nigerian Senate has revealed how the Niger Delta Development Commission (NDDC) management shared approximately N5 billion for “medicals”. This is contained in a report by the Ad-hoc committee which probed the multi-billion Naira scandal in NDDC. Senator Olubunmi Adetunmbi (APC – Ekiti North) chaired the committee. Senators Abdulfatai Buhari (APC – Oyo North); Chukwuka…
-
BREAKING: UBA splashes millions of dollars on Lagos, Abuja and 35 states
United Bank for Africa Plc (UBA) on Thursday announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying…