Attorney-General of the Federation and Minister of Justice, Mr Abubarka Malami, has said the essence of the Executive Order 6 introduced by President Muhammadu Bahuri was to attack the economic base of suspects facing trial for corruption. Malami said this on a Channels Television programme, yesterday. Responding to questions on why government appears to be […]
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MTN Nigeria Monday sued the Central Bank of Nigeria, CBN and the Attorney General of the Federation, AGF over allegations of improper repatriation of about $8.1billion and unpaid taxes of $2.0 billion the duo levied against it. The telco is seeking injunction to restrain them from taking further action in respect of their orders to […]
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Embattled telecom operator, MTN Nigeria, has faulted the Attorney General of the Federation, AGF, on the $2 billion tax debt which he alleged the telco owed the Federal Government, saying AGF’s calculations were wrong. The telco, yesterday, said that the Attorney General had notified it that his office made a high-level calculation and arrived at […]
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The Federation Accounts Allocation Committee (FAAC) ₦10 billion in excess to states while sharing bailout funds in 2016, according to the annual report of the Auditor-General of the federation obtained by The Cable. Recall that President Muhammadu Buhari approved the release of the funds in 2015 to help governors pay salaries in their various states, […]
Read More The Federal Executive Council, presided over by President Muhammadu Buhari, on Wednesday approved the payment of N500m to the lawyers who worked for the recovery of N330bn fine imposed on MTN Nigeria Limited. The Attorney-General of the Federation, Abubakar Malami, said this while briefing State House correspondents on the outcome of the meeting at the […]
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Over ₦1.6 billion illegal bank charges has been recovered from one of the many branches of one money deposit bank, Minister of Finance, Kemi Adeosun told the House of Representatives on Thursday. Adeosun, who said the recovery was made possible by the Treasury Single Account (TSA), added that other branches of the unamed bank would […]
Read More Since the introduction of the Treasury Single Account in September 2015, a total inflow of ₦8.9 trillion from Ministries, Departments and Agencies of government has been recorded by the Federal Government. The Accountant-General of the Federation, Alhaji Ahmed Idris, gave the figure in Abuja on Friday at a workshop for finance journalists held at the […]
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Some Senators, on Thursday, slamed the Presidency and Ministries, Departments and Agencies (MDAs) of the Federal Government, for violating the constitution and other laws of the nation by not submitting their audited reports to the office of the Auditor General of the Federation (AGF). Senators’ allegation was made by the Chairman, Senate Public Accounts Committee […]
Read More The Office of the Accountant-General of the Federation (OAGF) has so far received ₦3.740 billion as budgetary disbursements this year. Accountant-General of the Federation (AGF) Mr. Idris Ahmed made this disclosure during the 2018 budget defence of the Federal Ministry of Finance before the Senate yesterday in Abuja. Ahmed said so far, in the budgetary […]
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The Federal Government has agreed to look into claims of surrounding states losing revenues to the Federal Capital Territory, FCT, Abuja. Minister of Finance, Mrs Kemi Adeosun made the offer yesterday when she received the Niger State Governor, Alhaji Mohammed Bello in her office in Abuja. Adeosun lamented that losing N1 billion monthly to the […]
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The House of Representatives committee has commenced investigations into the abuse of waivers and bonds on import duties from 2010 till date. Subsequently, the lower chamber has demanded an audit of the customs duties remitted by money deposit banks to the Central Bank of Nigeria (CBN) from January 2014 till date with proof of the […]
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The Federal Government has said the savings recorded from looking into ghost workers’ syndrome through the Integrated Payroll and Personnel Information System (IPPIS) at ₦120 billion Accountant General of the Federation (AGF), Mr. Ahmed Idris, said this in Abuja on Tuesday in a presentation on the impact of financial reforms on the Nigerian economy, at […]
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