NLC raises alarm over alleged N20bn ‘emergency’ spending in TCN
The Nigeria Labour Congress has raised concerns over an alleged plan within the Transmission Company of Nigeria to spend nearly ₦20 billion on electricity grid expansion projects. In a letter sent to the Minister of Power, Adebayo Adelabu, the union warned that the proposed spending, described as “emergency refurbishment,” could be used to bypass normal […]
New tax laws: Nigerians don’t trust Tinubu’s govt on expenditure – Financial Analyst, Aja
Financial analyst Aja has expressed concern over Nigerians’ lack of trust in the federal government regarding the implementation of new tax laws. According to him, citizens are worried that revenue collected may not be spent transparently or efficiently. Aja highlighted that past experiences with government spending have made many Nigerians cautious about accepting new tax […]
Divert funds, go to jail – ICPC warns LGA chairmen
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has warned local government chairmen and officials not to misuse public funds. With a new system of local government financial independence now in place, the ICPC said anyone found guilty of diverting or stealing money will face serious punishment, including jail. ICPC Chairman, Dr. Musa […]
N9.33tn unpaid liabilities: NEITI recovers $4.85bn from oil and gas companies in Nigeria
Transparency Initiative (NEITI) has recovered $4.85 billion from oil and gas companies that failed to pay their dues. This recovery is part of a total of $8.26 billion (about N9.33 trillion) in unpaid liabilities identified in NEITI’s 2021 oil and gas audit report. NEITI’s Executive Secretary, Dr. Orji Orji, shared this update during a press […]
Abia PDP Challenges Otti to Provide Proof of N90 Billion Debt Payments
The Abia State chapter of the People’s Democratic Party (PDP) has raised serious concerns about Governor Allex Otti’s recent claim that he paid off N90 billion in debts to contractors. According to the PDP, they are unaware of any such debt incurred by the previous PDP-led administration, and they are asking the governor to provide […]