FG, states, LGsshareN467.8bnforApril

The Federation Account Allocation Committee ( FAAC) has approved for sharing to three tiers of government, the sum of N467.807 billion as allocation for the month of April. The sum is higher compared to last month’s FAAC allocation figure of N429.129 billion. The Accountant General of Federation, AGF, Alhaji Ahmed Idris, confirmed the figures yesterday in Abuja while briefing the media on outcome of plenary session. He said that the statutory revenue received during the month under review was N331.583 billion, an amount higher than N290.163 billion received in previous…

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FG, pensioners renew rivalry over N400bn pension arrears

Despite claims by the Federal Government to have provided enough funds to clear outstanding pensions, recent developments have revealed that more funds are still needed to offset the over N400 billion currently owed retirees under the Contributory Pension Scheme (CPS) and the Defined Benefit Scheme (DBS). Although the Federal Government recently announced the release of N54 billion to cover payment to retirees under the CPS, available records on the part of the pensioners revealed that there is still an outstanding sum of N226 billion under the scheme. Also, another N174…

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FG shifts Forcados, Bonga’s re-opening date to June, July

The Federal Government has announced new dates for re-opening of two major oil and gas installations in Nigeria-Bonga Floating Production Storage and Offloading (FPSO) and Forcados line. Minister of State for Petroleum resources, Dr. Ibe Kachikwu, who said this in a report, stated that Forcados would reopen in June and Bonga in July. Shell, operator of Bonga, had earlier said that the facility would re-open by April. The shutdown of these facilities have impacted the crude production in Nigeria as over 225, 000 barrels of oil is shut-in on Bonga…

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FG ‘s anti-corruption fight, good omen for Nigeria –Shekarau

Former Minister of Education, Mallam Ibrahim Shekarau, has lauded the anti corruption fight by President Muhammadu Buhari, describing it as a good omen. The News Agency of Nigeria (NAN) reports that the former Kano State governor, made this disclosure to newsmen in Sokoto yesterday. Shekarau said: “The efforts by the president to fight corruption in all its ramifications is good for Nigeria. ”Anybody, who gets any money fraudulently should be arrested, thoroughly investigated and prosecuted. ”I am a strong advocate of anti-corruption fight, as I set up an anti-corruption and…

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Shall I tell this to the president?

They already own everything; they own our politics, our economy and our money. Even the CBN is being privatised and controlled by this cartel. The same cartel now wants to control the water we drink and the air we breathe to complete their vicious cycle of enslaving and subjugating us all. They don’t care about the future but only about the dark interest they represent. Unrestrained capitalism is evil and should be challenged. The media knows about this but will never write about it. Our elite knows about this but…

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Recovered N15bn above what FG’s agency can keep –Sagay, SANs

Three Senior Advocates of Nigeria (SAN); Prof. Itse Sagay, Dr. Biodun Layonu, Mr. Seyi Sowemimo and the second Vice-President of the Nigerian Bar Association (NBA), Mr. Monday Ubani, have said that the sums of $43,449,947, £27,800 and N23,218,000 totalling about N15 billion recovered by the Economic and Financial Crimes Commission (EFCC) from an apartment in Ikoyi area of Lagos were far in excess of what an agency of government can keep. They made the observation while reacting to reported claim by the National Intelligence Agency (NIA), Nigeria’s external secret police,…

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N’Korea threatens new missile tests

North Korea will continue to test missiles, a senior official has told the BBC in Pyongyang, despite international condemnation and growing military tensions with the US. “We’ll be conducting more missile tests on a weekly, monthly and yearly basis,” Vice Foreign Minister Han Song-Ryol told the BBC’s John Sudworth. He said that an “all-out war” would result if the US took military action. Earlier, US Vice-President Mike Pence warned North Korea not to test the US. He said his country’s “era of strategic patience” with North Korea was over. Pence…

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