The Federal Executive Council on Wednesday approved the augmentation of three existing contracts to the tune of N49bn. The affected contracts were the dredging of River Niger, the Kubwa Satellite Town Infrastructure Development District III and IV as well as the Karshi Satellite Town Infrastructure Development District I and II. The Minister of Information, Mr. […]
LEADER of the South-South geopolitical zone, Chief Edwin Clark, on Wednesday, raised the alarm over the growing incidence of corruption in Nigeria with the greatest impact on the judicial system, as he called for declaration of a state of emergency in the judiciary for the government to tackle the menace. Clark said the menace of […]
The House of Representatives was informed yesterday that the actual amount owed the Federation Account was in tune of N842 billion by the Nigeria National Petroleum Corporation (NNPC) and not N450billion. Nigeria Extractive Industries Transparency Initiative (NEITI) told the Joint committee on Finance, Petroleum Resources (Upstream and Downstream) and Gas Resources, probing the non -remittance […]
By Emma Ujah, Abuja Bureau Chief ABUJA—After over a week of negotiations, the federal government and state governments yesterday, reached an accord on the sharing of the September revenue as a total of N611. 453 billion was distributed among the three tiers of government. The Minister of State for Finance, Dr. Yerima Ngama, who briefed […]
The Presidential Election Tribunal sitting in Abuja yesterday validated the election of Dr. Goodluck Jonathan as president, throwing out the petition of the Congress for Progressive Change (CPC) seeking the nullification of his victory. But CPC insists the president and Peoples Democratic Party (PDP) should not celebrate yet. It’s National Chairman Prince Tony Momoh has […]
The debate on the removal of fuel subsidy gathered momentum yesterday as the Senate Joint Committee on Petroleum Resources (Downstream), Appropriations and Finance formally summoned Ministers of Finance, Dr. Ngozi Okonjo-Iweala, Petroleum Resources, Mrs. Diezani Allison-Madueke and Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, to appear before it. The issue has […]
The Supreme Court yesterday struck out the twin interlocutory appeals filed by President Goodluck Jonathan and his Peoples Democratic Party (PDP) against the decision of the Presidential Election Tribunal, which allowed the filing of the petition challenging the outcome of the presidential election by the Congress for Progressive Change (CPC) on Sunday May 8, 2011. […]
The stalled Federal Account Allocation Committee meeting has resulted in a delay in the payment of the salaries of members of the military, paramilitary organisations, and state and local government employees. THE PUNCHgathered that the October salaries of all government workers under the integrated payroll system were yet to be paid. The salaries of the […]
THE Federal Government has reviewed its plan for the repair of the nation’s airport in a way that the project will now cost less than the amount initially voted for it. Essentially, the project was to gulp N90 billion if the government were to build new airport terminals. But rather than build new terminals to […]
An Islamic cleric was shot dead in Maiduguri over the weekend by gunmen suspected to be of Boko Haram sect, even as an early morning bomb blast targeted against the Joint Task Force (JTF) men rocked the city yesterday. Some gunmen were said to have stormed the residence of the Islamic cleric, Ali Gana at […]
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