THE Independent Corrupt Practices and other related offences Commission (ICPC) yesterday said that the sum of N1,016,133.08 billion (N1 billion) misappropriated by six State Universal Basic Education Boards (SUBEBs) was yet to be returned.
Following the delays in the passage of the 2008 appropriation bill, the Federal Government has released warrants for the first quarter of this year which would be funded by the Provisional Development Fund (PDF).
THE probe into the $16 billion power sector expenditure by the House of Representatives Committee on Power and Steel is quite revealing. One of such revelations is the fact that those who govern the country as shown in the Chief
FORMER Minister of Finance Dr. (Mrs.) Ngozi Okonjo-Iweala yesterday said former President, Chief Olusegun Obasanjo granted due process certificate waiver to contractors who executed jobs under the National Independent Power Projects (NIPP).
Governor of the Central Bank of Nigeria (CBN) Professor Chukwuma Soludo said in Umuahia that the foreign reserves of the country now stood at $60 billion.
A NEW policy to fast track the execution of government projects is in the offing as government plans to decentralise the approval of projects below N200 million by ministries, agencies and parastatals and in the case of road construction, not
FACTS emerged yesterday on how the controversial N20 million released to the Senate Committee on Health headed by Senator Iyabo Obasanjo-Bello by the Federal Ministry of Health was traced.
Bayelsa State government yesterday described as untrue speculations that the House of Assembly might commence impeachment proceedings against Governor Timipre Sylva over alleged N60billion loan the government obtained from five banks.
With the incoming of the Unity Party government under the leadership of a Howard University-trained economist, Ellen Johnson-Sirleaf, many thought that all would have been well in terms of stabilizing the nation's economy but with two years gone now prices
UN Secretary General Ban Ki-moon has expressed concern about the high number of unemployed youth including former combatants who continue to pose threat to stability in Liberia.
It is totally disgusting that the National Assembly has continued to play hanky-panky over the 2008 budget proposal submitted to it since November last year by President Yar'Adua, for vetting.
The pan-Northern socio-political organisation, Arewa Consultative Forum (ACF), has lamented the rampant infractions on the budgets as appropriated by the legislature across the country, which tends to stir up corruption at all levels.
An unexpected streak of lawlessness hit the country's oldest and biggest market popularly called Big Market yesterday as selecting a constituted authority to oversee the activities of traders became a burning issue.
On or about March 15th 2008, an Aircraft, a turbo-propelled Beech craft 1900D, registered 5N, belonging to a local airliner Wings Aviation Limited, reportedly took off from the local wing of the Murtala Muhammed Airport Lagos, to the seemingly mountainous
This may sound strange, but my worry is not about an air crash that has happened, or that will happen in future, but this country's inability to honestly investigate an aircraft accident and come up with a report of the
Mr James Ekow Amissah, Acting Executive Secretary of the Civil Servants Association, has expressed concerned about the inability of government to pay the 10 per cent salary arrears to members of the association.
Efforts by Nigerian authorities to search Cameroonian territory for the missing Beechcraft 1900D aircraft owned by Wings Aviation may have hit a stonewall.
When President Umaru Musa Yar'Adua presented the 2008 budget to the National Assembly on November 8, 2007, the nation hoped that the bill would become law before New Year's Day. Now, the first quarter of 2008 is already gone and
Minister of agriculture, forestry and food security Thursday disclosed that his government would stop the importation of rice into to the country once production was sufficient to meet the demands of the country.
