NDDC Budget padded with over 500 fake projects, NASS trying to frustrate forensic audit – Pondei

Prof. Kemebradikumo Pondei, acting Managing Director, Niger Delta Development Commission (NDDC), revealed on Tuesday that the commission’s 2019 budget was inflated with over 500 non-existing projects. Pondei made the disclosure on Tuesday while addressing newsmen in Port Harcourt, Rivers State while making clarifications on allegations of corruption levelled against the Interim Management Committee (IMC). TheContinue reading “NDDC Budget padded with over 500 fake projects, NASS trying to frustrate forensic audit – Pondei”

After gulping over half a trillion in ten years, moribund NIGCOMSAT set to swallow 3.4bn in 2020

With $1billion spent on ground infrastructure in Nigeria and China, 144 billion naira spent on Satellite, and 22 billion naira spent on recurring expenditure such as hotel, accommodation, salaries, training amongst others, the Nigeria Satellite Company (NIGCOMSAT), has gulped over half a trillion between 2011 and 2016 alone without making any revenue.  In the 2020Continue reading “After gulping over half a trillion in ten years, moribund NIGCOMSAT set to swallow 3.4bn in 2020”

PRESIDENT BUHARI’S NEW YEAR MESSAGE TO NIGERIANS

A LETTER FROM THE PRESIDENT AT NEW YEAR My Dear Compatriots, NIGERIA’S DECADE Today marks a new decade. It is a time of hope, optimism and fresh possibilities. We look forward as a nation to the 2020s as the opportunity to build on the foundations we have laid together on security, diversification of our economyContinue reading “PRESIDENT BUHARI’S NEW YEAR MESSAGE TO NIGERIANS”

Gov Sanwo-Olu Signs N1.168trn Budget Into Law

Lagos State Governor, Babajide Sanwo-Olu has signed the 2020 budget of N1.168 trillion into law. The signing took place on Tuesday, at the Lagos House, Ikeja, with the Deputy Governor, Dr. Obafemi Hamzat and the Speaker, Lagos State House of Assembly, Mudashiru Obasa, present. Sanwo-Olu said that the budget would be implemented responsibly, transparently andContinue reading “Gov Sanwo-Olu Signs N1.168trn Budget Into Law”

President Buhari approved N37 billion for National Assembly complex renovation.

President Muhammadu Buhari has approved N37 billion for the renovation of the National Assembly complex. The amount, which is included in the 2020 budget, is however not part of the N128 billion allocated for the National Assembly for next year. The money is instead part of the 2020 budget of the Federal Capital Development Administration,Continue reading “President Buhari approved N37 billion for National Assembly complex renovation.”

Government Need To Borrow More, Increase VAT – Fashola

The Minister of Works and Housing, Babatunde Fashola, says the federal government still owes contractors working on federal road projects up to N306 billion, defending why the government should raise VAT and borrow more. Mr Fashola was speaking against the background of a report by Daily Trust on Monday that Nigeria has spent about N1.5Continue reading “Government Need To Borrow More, Increase VAT – Fashola”

NEWS IN A FLASH – We Want To Concentrate On Completing Ongoing Road Project – Fashola

Minister of Works and Housing, Mr. Babatunde Fashola (SAN), has restated that the Federal Government, through the Ministry, was focusing on the completion of ongoing road projects in the country as recommended by President Muhammadu Buhari in his Budget Speech at the National Assembly. Fashola, who was reacting to a story attributed to the Chairman,Continue reading “NEWS IN A FLASH – We Want To Concentrate On Completing Ongoing Road Project – Fashola”

2020 BUDGET: Presidency To Spend N66.6bn On Rent, N45bn On Fuel Generators…

The Presidency will be splurging the sums of N66,669,945 on rent and N45,678,55 on fuelling generators and plant, the proposed 2020 budget has shown. Exactly N132,199,558 will be spent on fuels and lubricants for the State House with N67,950,392 going into fuelling of vehicles, according to a meticulous breakdown of the budget presented to theContinue reading “2020 BUDGET: Presidency To Spend N66.6bn On Rent, N45bn On Fuel Generators…”

AMBODE SUE OBASA AND OTHERS

A Lagos High Court in Ikeja on Tuesday ordered the Speaker of the State House of Assembly, Mudashiru Obasa to appear before it in connection with the ongoing probe of procurement of 820 buses by the administration of former Governor of the State, Mr. Akinwunmi Ambode. The former Governor had instituted a suit against theContinue reading “AMBODE SUE OBASA AND OTHERS”

We Employed Prayer Warriors To pray For Firefighting Trucks ― Federal Fire Service

Deputy Superintendent of Fire, DSF Ugo Huan is the Public Relations Officer of the Federal Fire Service, FFS. In this brief chat with Omeiza Ajayi, she speaks on the efforts of the Service in combating fire disasters in the country. Excerpts: How prepared is the fire service against the growing threats posed by frequent fuelContinue reading “We Employed Prayer Warriors To pray For Firefighting Trucks ― Federal Fire Service”