A Bill for an Act to reapeal the ministry of Finance Incorporated Act 1959 and to renact the establishment Act 2023 has passed second reading in the House of Representatives The bill, which was sponsored by Rep. Ademorin Kuye (APC-Lagos), was read for the second time during plenary in Abuja on Tuesday. Debating on the general principle of the bill, Kuye said the bill was designed to ensure effective ownership and accountability in the use, custodianship, and management of federal government assets. According to him, the Ministry of Finance Incorporated (MoFI) was established in 1959 by an act of parliament…
Author: Ayo Oye
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Police Command in Delta says five passengers have died in a boat mishap at Bennett Island in Gbaramatu Kingdom in Warri South-West Local Government of the state. Spokesman of the command, SP Bright Edafe made this known to newsmen on Tuesday in Warri, Delta. Edafe added that six other persons were injured in the accident, 19 persons were rescued while one person was still missing. “Five found dead, six persons injured and still receiving treatment, 19 persons rescued and one still missing,” Edafe said, without giving further details. Sources said that the ill-fated boat was returning from a burial ceremony…
The Katsina state government has allocated N95.9 billion for education development programmes in the 2025 fiscal year.The Commissioner for Budget and Economic Planning, Alhaji Bello Kagara said this during the 2025 budget breakdown, on Tuesday in Katsina.The budget tagged: “Building Your Future II,” seeks to fast track rapid and sustainable transformation of the state.Kagara said the budget breakdown exercise was in line with the existing government’s accountability and openness policies.He said the total budget size stood at N682.2 billion, with N157.9 billion recurrent expenditure, representing 23.15 per cent and N524.2 billion capital expenditure, representing 76.85 per cent.The commissioner said that…
The Peoples Democratic Party (PDP) Caretaker Committee has called on Edo government to make public the procurement procedure for the proposed flyoverat Ramat Park,Benin. Dr Tony Aziegbemi, Chairman of the Edo PDP Caretaker Committee, said this at a news conference on Tuesday in Benin. Aziegbemi alleged that the flyover recently flagged off by Governor Monday Okpebholo bypassed standard procurement procedures. He urged the government to disclose the project’s cost, timeline, and the process by which contractors were selected. “We are aware the emergency overhead bridge at Ramat Park bypassed all standard procedures. “The project is a white elephant scheme to…
President Bola Tinubu has urged the Senate to consider and confirm the nomination of the Acting Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, for appointment as the substantive COAS. Tinubu’s letter of request was read on Tuesday at the plenary by the Senate President, Godswill Akpabio. He had earlier appointed Oluyede as the acting COAS, following the demise of Lt.-Gen. Taoreed Lagbaja, who held the position. The President noted in the letter that the request was in accordance with the provisions of Section 218 (2) of the Constitution of the Federal Republic of Nigeria, 1999, as amended, and Section…
The Economic and Financial Crimes Commission (EFCC) has detained for prosecution a former governor of Kogi State, Yahaya Bello, over alleged multi billion naira fraud. EFCC Spokesperson, Dele Oyewale, told the News Agency of Nigeria (NAN) that the former governor of Kogi was arrested at about 12 54 p.m on Tuesday and was detained in its Abuja office. He said that Yahaya Bello, who was declared wanted by the commission, never submitted himself but got arrested by the operatives of the agency in Abuja. ”We arrested him (Yahaya Bello) at 12.54pm; he did not surrender himself to the commission, three…
The Bauchi State Rural Water Supply and Sanitation Agency (RUWASSA), says it has disbursed N100 million loans to fast track construction of improved latrines in rural settlements. The General Manager of the agency, Adamu Sabo said this in an interview with the News Agency of Nigeria (NAN) in Bauchi on Tuesday. He said the facility wass disbursed to the benefiting communities under the Toilet Business Owners’ (TBOs) soft loan scheme, in partnership with three microfinance banks including Rahama Women and Youth Development Initiative. Sabo said the revolving fund was designed to support TBOs to sustain and expand their businesses towards…
The Federal High Court in Abuja has struck out the fundamental right enforcement suit filed by Gov. Babajide Sanwo-Olu of Lagos State against the Economic and Financial Crimes Commission (EFCC).Justice Joyce Abdulmalik struck out the matter after counsel who appeared for Sanwo-Olu, Gbenga Femi Akande, moved the motion for the discontinuance of the case.The News Agency of Nigeria (NAN) reports that Justice Abdulmalik had, on Oct. 29, fixed Nov. 26 (today) for further mention.The adjournment followed the submission of the EFCC’s lawyer, Hadiza Afegbua, that she was yet to see the fresh originating summons served on them by Darlington Ozurumba,…
Governor Francis Nwifuru of Ebonyi suspended the commissioners for Housing and Urban Development and that of Health over alleged gross misconduct and dereliction of duties. The Commissioner for Information and Orientation, Mr Jude Okpor disclosed this on Tuesday while briefing journalists on the outcome of the State Executive Council meeting held on Monday. Okpor announced that Nwifuru had directed that the suspension for the Commissioner for Health would elapsed in three months, while that of Housing and Urban Development remained suspended indefinitely. According to Okpor, also to proceed on a three-month suspension is the Permanent Secretary in the Ministry of…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday in Abuja, while presenting a communiqué after the 298th meeting of the committee. Cardoso, however, announced that the committee also decided to hold all other parameters constant. The MPC, thus, retained the Cash Reserved Ratio (CRR) at 50 per cent for Deposit Money Banks (DMBs) and 16 per cent for merchant banks, retained the…