Passport seized From FRED ITUA, Abuja Former Governor of Central Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo, has regained freedom after spending more than 14 hours in the custody of the Economic and Financial Crimes Commission (EFCC). The former apex bank chief was on Thursday morning arrested by EFCC operatives and quizzed for several […]
The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal Ministry of Finance is blocking verified payments to marketers. According to the Minister, the Finance Ministry made the N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly […]
A whopping sum of N6.16tn was withdrawn from the Federation Account and shared among the three tiers of government in the 2012 financial year, investigations have revealed The figure is the total amount allocated under various distribution sub-heads, as approved by the legal framework upon which the account is being managed. They are statutory allocation, […]
Former National Security Adviser Mohammed Gambo-Jimeta fears the country could be heading for a sudden collapse due to bad governance. Gambo-Jimeta, who was also Inspector-General ofPolice during the Ibrahim Babangida administration, is concerned about growing insecurity and poverty in the country, lamenting that successive governments had failed to lay a solid foundation for national development. […]
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday confirmed The PUNCH’s story that the Federal Government’s subsidy account with the Central Bank of Nigeria was empty, blaming the situation on technical hitches in the documentation with the CBN. Okonjo-Iweala, while briefing journalists in Abuja, said the transfer of funds meant for fuel subsidy payments […]
From TIMOTHY OLA, Maiduguri Seven people including a soldier, a policeman and five others died yesterday in a fresh attack on a military formation in Borno by gunmen suspected to be Boko Haram. According to sources, the gunmen had launched the attack on the 21 Brigade troops’ located at Marte, Marte Local Government Area in […]
There was a minor drama at the Abuja High Court on Friday as the seizure of former Bayelsa State governor, Timpre Silva’s properties came up for mention. The Economic and Financial Crimes Commission (EFCC) and the former governor presented two conflicting but valid court orders before the judge, Justice M. M. Kolo. On Thursday, the […]
BY GABRIEL ENOGHOLASE & SIMON EBEGBULEM BENIN CITY— THE Federal Government, Wednesday, said it plans to acquire 30 aircraft to boost domestic airlines in the country and ensure reduction of air fares. It also attributed deluge of litigations as responsible for the non-removal of abandoned aircraft in airports across the country, as it was discovered […]
The remains of late Gen. Andrew Azazi (retd) in Yenagoa, who died alongside a former Governor of Kaduna State, Mr. Patrick Yakowa and four others in a naval helicopter crash , were buried on Saturday in Bayelsa State. Azazi was buried amidst tears and glowing tributes from family members and sympathisers including President Goodluck Jonathan. […]
There are indications that the Federal Government will impose stringent measures on private jet owners and charter aircraft operators to avert disaster in the general aviation section, investigation by our correspondent has revealed. This, it was learnt, was the outcome of an emergency meeting between the Minister of Aviation, Mrs. Stella Oduah, and heads of […]
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