Sunday , 15 December 2019
Latest News
Home » Public sector (page 5)

Public sector

Why 8th Senate rejected Buhari’s $30bn loan request —Shehu Sanni

Why 8th Senate rejected Buhari’s $30bn loan request —Shehu Sanni

Senator Shehu Sani, over the weekend said that the Eighth National Assembly rejected the $30 billion loan requested by President Muhammadu Buhari under the external borrowing plan because it did not want the country to sink into a “perpetual debt trap.” Sani who was the Chairman, Senate Committee on Local and Foreign Debt in the 8th Senate, disclosed this in ... Read More »

FIFA plans new ‘African Champions’ League for top 20 teams’ worth $200m

FIFA plans new ‘African Champions’ League for top 20 teams’ worth $200m

THESE are definitely the best of times for African clubs as World football governing body, FIFA has plans to introduce a new league into African football expected to make at least $200 million in revenue. This plan, if implemented, will be a big boost for African clubs who find it had to make ends meet with the current continental club ... Read More »

We’re winning IPPIS battle, says ASUU

We’re winning IPPIS battle, says ASUU

THE Academic Staff Union of Universities (ASUU) on Friday said it had received reports of overwhelming compliance of her members nationwide with the directive not to enroll in the Integrated Payroll and Personnel Information System (IPPIS). The Union says there is clear evidence that the union is winning the struggle against lawless government and autocratic leadership of the country. The ... Read More »

EFCC quizzes Air Peace boss Onyema,may place former Amnesty boss on INTERPOL Alert

EFCC quizzes Air Peace boss Onyema,may place former Amnesty boss on INTERPOL Alert

AS part of the ongoing probe of alleged $44.9 million wire deals, the Economic and Financial Crimes Commission (EFCC) has interrogated the Chief Executive Officer of Air Peace, Mr. Allen Ifechukwu Onyema. Also, there were strong indications last night that the EFCC may watch-list a former Special Adviser/Coordinator of the Amnesty Programme Office. It was learnt that the ex-Special Adviser ... Read More »

Gov Abiodun set to inaugurate new Head of Service, Minimum Wage Committee

Gov Abiodun set to inaugurate new Head of Service, Minimum Wage Committee

  As the Head of Service in Ogun State, Engr Lanre Bisiriyu takes a bow from the State Civil Service next week, Governor Dapo Abiodun has promised to expeditiously inaugurate a new one “to continue on the right path of leadership for the State Public Service.” He also said he would emplace a committee to work out modalities for the ... Read More »

Pension Assets Hit N9.58tn as PenCom Targets 90m Workers

Pension Assets Hit N9.58tn as PenCom Targets 90m Workers

The National Pension Commission (PenCom) thursday put the total stock of pension assets as at September at N9.58 trillion, saying the amount was contributed by 8.85 million Nigerians who are participants in the Contributory Pension Scheme (CPS). It is, however, striving to capture the remaining 90 million Nigeria’s working population into the pension scheme, PenCom Acting Director General, Aisha Dahiru ... Read More »

Akpabio : 100 days of focused, peaceful steps in Niger Delta Ministry

Akpabio : 100 days of focused, peaceful steps in Niger Delta Ministry

By Jackson Udom & Clement Ikpatt Shortly after the conclusion of the 2019 general elections, for which he played a very prominent role, the former Senate Minority Leader, Godswill Akpabio wrestled through a lot of malicious plots and political intrigues to become a member of the Federal Executive Council (FEC) through the benevolence of President Muhammadu Buhari. As the plots ... Read More »

NDDC Budget Defence : We’ll Recognise Only Those We Screened, Approved – Senate

NDDC Budget Defence : We’ll Recognise Only Those We Screened, Approved – Senate

By Haruna Salami The Nigerian Senate has on Thursday insisted that it will recognize only the board of the Niger Delta Development Commission, NDDC, whose names were forwarded to the Senate for screening and confirmation. Addressing Journalists after plenary on Thursday, the Senate spokesperson, Senator Godiya Akwashiki said, the Senate President in line with section 18(sub section 1) of the ... Read More »

Alleged N9.7bn fraud: Prosecution closes case against former AVM, Dikko

Alleged N9.7bn fraud: Prosecution closes case against former AVM, Dikko

The Economic and Financial Crimes Commission, (EFCC) on Thursday closed its case in the ongoing trial of former Chief of AVM Umar Dikko in the Federal High Court Abuja over alleged N9.7 billion fraud. EFCC charged is Dikko with seven counts of laundering and procurement fraud to the tune of N9.7 bn. The anti graft agency alleged that the amount ... Read More »

Edward Onoja writes Gov. Yahaya Bello, warns betrayers

Edward Onoja writes Gov. Yahaya Bello, warns betrayers

Deputy Governor of Kogi state, Edward Onoja has commended his boss Governor Yahaya Bello for fostering unity in the State and pledged an unwavering loyalty to his leadership. Onoja in a letter thanked the Governor for his style of leadership and and love for the State. He however has unkind words for betrayers of the Governor. Here is the letter ... Read More »

Buhari seeks Senate’s approval for $30bn external loan

Buhari seeks Senate’s approval for $30bn external loan

President Muhammadu Buhari on Thursday asked the Senate to approve an external loan of $29.96 billion to execute key Infrastructural projects across the country. Senate President Ahmad Lawan read President Buhari’s letter at Plenary. Buhari in the letter said he decided to represent the request for external loan of $29.96billion, part of which was rejected by the Eight National Assembly, ... Read More »

$7.069m, £1m, €8000 fraud: Lebanese, Nigerian accomplice remanded

$7.069m, £1m, €8000 fraud: Lebanese, Nigerian accomplice remanded

A Federal High Court, Lagos yesterday remanded a suspected Lebanese money launderer, Hamza Koudeih, and his alleged Nigerian accomplice Kayode Philip, alias Voice of the King. Justice Sule Hassan ruled that Koudeih and Philip are to remain in Correctional Services Custody till December 5, when their bail applications will be heard and determined. Both men pleaded not guilty to a ... Read More »

$62 bn Oil Companies Debt Recovery Drive : I don’t need a kobo as commission, says Malami

$62 bn Oil Companies Debt Recovery Drive : I don’t need a kobo as commission, says Malami

The struggle to recover unpaid arrears of approximately sixty-two billion one hundred and ninety million six hundred and seventy-nine thousand seven hundred and ninety three dollars to the Federal Government of Nigeria by International Oil Companies was not for the Attorney-General of the Federation and Minister of Justice, Abubakar Malami to get any percentage thereof. This is contained in a ... Read More »

CBN  Vows to Keep Firm Grip on Naira , as Foreign Reserves Bleed

CBN Vows to Keep Firm Grip on Naira , as Foreign Reserves Bleed

By :Alonso Soto Nigeria’s central bank is in no mood to loosen its grip on the naira. Governor Godwin Emefiele said there was no reason to fret over a fall in foreign reserves to their lowest level in almost two years and vowed to continue defending the currency. “A marginal drop in reserves below $40 billion is not enough to ... Read More »

Lawan to NLNG boss: Make cooking gas readily available

Lawan to NLNG boss: Make cooking gas readily available

Senate President Ahmad Lawan on Wednesday told the management of the Nigerian Liquefied Natural Gas to make Liquefied Petroleum Gas (LPG) or cooking gas readily available for domestic use. Lawan spoke when the Managing Director of the NLNG, Tony Attah and his management team visited him in Abuja, according to a statement by Ola Awoniyi, special adviser (media) to the ... Read More »

Oil producing communities demand direct payment of 13% derivation

Oil producing communities demand direct payment of 13% derivation

The oil and gas producing communities of Egbema Kingdom in Warri North council area of Delta State have called on President Muhammadu Buhari to effect the payment of the 13% Derivation Funds directly to oil producing communities. The communities, who are within the OML 40 and 49 areas, in an open letter, addressed to President Buhari, lamented the fact that ... Read More »

Nigeria must maintain border closures with focus of boosting local economic output – Emiefele Insists

Nigeria must maintain border closures with focus of boosting local economic output, Godwin Emiefele has said after the Nigerian central bank left its benchmark lending rate on hold at 13.5% on Tuesday, after a government decision to close borders with neighbouring countries sent inflation to a 17-month high last month. Central bank Governor Godwin Emefiele told a news conference in ... Read More »

Lending to Nigeria’s Local Manufacturers surge $1.3 billion on Central Bank’s Credit Push

Lending to Nigeria’s Local Manufacturers surge $1.3 billion on Central Bank’s Credit Push

Lending to manufacturers rises to a two-decade high: Emefiele Banks have to boost loan-to-deposit ratios to 65% or risk fine Lending to Nigeria’s manufacturing sector surges $1.3 Billion on central bank policies that have forced lenders to extend more credit to the private sector. Lending to manufacturing companies in Africa’s most-populous country from May to the end of October totaled ... Read More »

$1m scam: EFCC arrests Kirikiri prison chief,medical doctor

$1m scam: EFCC arrests Kirikiri prison chief,medical doctor

The Economic and Financial Crimes Commission (EFCC) on Tuesday said it has arrested the Controller of the Nigerian Correctional Service (NCoS) Kirikiri Emmanuel Oluwaniyi and medical doctor Hemesin Edwin, a Deputy Controller (DC) for their alleged involvement in the $1m scam pulled by a convicted inmate Olusegun Aroke. They were alleged to have given Aroke, a prisoner on 24-year jail ... Read More »

Senators kick as Buhari presents NDDC’s  Budget

Senators kick as Buhari presents NDDC’s Budget

There was drama on Tuesday following the presentation of the 2019/2020 budget of the Niger Delta Development Commission (NDDC) to the Senate by President Muhammadu Buhari. Senate President Ahmad Lawan read President Buhari’s letter during plenary. However, Minority Leader of the Senate, Senator Enyinnaya Abaribe, coming under order 43 of the Senate Standing Orders on personal explanation, drew the Senate’s ... Read More »