30 results
- 20 Oct 2016
Senate Lauds NDIC over Remittance to Consolidated Revenue Fund
The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating…
- 7 Feb 2014
Senate Probes CBN’s N138Bn Intervention Funds
The Senate has accused the Central Bank of Nigeria (CBN) of awarding projects from its operating surplus, instead of paying such sums into the Consolidated Revenue Fund to be appropriated by the…
- 14 Jul 2020
Reps Ask Ministry, CBN to Account for $500m Extra Budgetary Spending
The House of Representatives is to investigate the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) for engaging in extra budgetary spending of over 500 million dollars from Nigeria…
- 15 Jul 2019
NCC Remits N51.3Bn to FG in Q1 2019
Nigerian Communications Commission (NCC) has remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019. The remittance, according to Prof.…
- 26 Apr 2018
NCC Remits N49.7Bn to FG in First 4 Months of 2018
Nigerian Communications Commission (NCC) has remitted N49. 8 billion to the Federal Government Consolidated Revenue Fund (CRF) within the first four months of 2018, in compliance with the Fiscal…
- 14 Feb 2013
Reps Ask NNPC to Remit Debit to FG
House of Representatives’ Committee on Finance yesterday said the Nigerian National Petroleum Corporation (NNPC) would be compelled to remit to the consolidate revenue fund, four years of…
- 31 Jan 2021
FG Pockets N144.312Bn from Spectrum Fee
Nigerian Communications Commission (NCC) has so far remitted N144.312billion spectrum fees to the consolidated revenue fund (CRF) of the Federal Government over the last seven years, according to a…
- 9 Aug 2022
NCC Remits N463Bn to FG in 7 Years
Nigerian Communications Commission (NCC) said has remitted N463 billion to the Consolidated Revenue Fund from 2015 to April 2022 through steady efforts. Prof. Umar Garba Danbatta, executive vice…
- 8 Feb 2013
Reps Accuse NNPC, NCC, Others of Diverting N9 Trillion
A House of Representatives’ report has revealed that some revenue generating agencies have short-changed the Federal Government N8.8 trillion and the report listed the agencies to include; Nigerian…
- 26 Apr 2018
NCC Remits N49.7b to Govt in First Quarter of 2018
The Nigerian Communications Commission (NCC) in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007), remitted N49,792,870,113.00 (Forty-nine Billion, Seven Hundred and Ninety-two…
- 9 Jan 2015
FG to Issue Circular on New e-Collection Regime by Remita
Federal Government is to issue a circular and a booklet of Frequently Asked Questions (FAQ) in a bid to enlighten the public on the usage of electronic revenue collection platform aimed at checking…
- 29 Oct 2020
How NCC Boosted FG’s Revenue By N344.71Bn in 5 Years – Danbatta
Prof. Umar Garba Danbatta, executive vice chairman of the Nigerian Communications Commission (NCC), has told the House Committee on Telecommunications how the telecoms agency contributed to the…
- 4 Jul 2021
NCC Surpasses Revenue Projection, Posts N150Bn Spectrum Fee in 5 Months
The Nigerian Communications Commission (NCC) has exceeded its N36 billion projected revenue from spectrum license fees for 2021. Prof Umar Danbatta, EVC, NCC The Commission said that it had recorded…
- 12 Oct 2015
PwC at Workshop Identifies Journalists’ Key Roles in Sectorial Reportage
The PricewaterhouseCoopers (PwC) network, in recognition of the place of the media, generally and, journalism in particular, in entrenching good governance, sustenance of democracy, and ensuring a…
- 8 Sept 2014
FRC Accuses SEC, NPA of not Remitting N28.27Bn
The Fiscal Responsibility Commission (FRC) has accused two government agencies – the Securities and Exchange Commission (SEC) and the Nigerian Ports Authority (NPA) – of failing to remit…
- 4 Feb 2025
Senate Expresses Shock over Billions of Naira missing from FG Coffers
Senate has raised the alarm that billions of naira have left the federal government’s coffers unaccounted for, with critical revenue-generating agencies refusing to honour its Summons. The Senate has…
- 13 May 2024
EFCC to Arraign Emefiele for Allegedly Printing N684.5m Notes with N18.96Bn Wednesday
Economic and Financial Crimes Commission (EFCC) will arraign Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN) on Wednesday for allegedly approving the printing of N684.5m at the…
- 13 Jun 2013
MDAs, Banks Stash FG’s N58Bn
Ministry of Finance has accused some ministries, departments and agencies (MDAs) of the federal government of colluding with some banks to withhold about N58 billion they generated and has threatened…
- 27 Jan 2016
FRC Commends NDIC on Audit Compliance
The Fiscal Responsibility Commission (FRC) has commended the Management of Nigeria Deposit Insurance Corporation (NDIC) for compliance with the submission of its audited financial statements of 2007-…
- 12 Apr 2026
SERAP Asks Tinubu to Probe Alleged N2.9Bn Fraud In NIGCOMSAT, NNRA
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct Bosun Tijani, minister of Communications, Innovation and Digital Economy, as well as the management…
- 28 Sept 2010
FG Appoints Afribank for UBE Funding
Afribank Nigeria Plc has been designated as Universal Basic Education (UBE) Funds Domiciliation and disbursement bank by the Federal Government through the Federal Ministry of Finance and the…
- 11 Jan 2016
Rep, Minister Fight over NCC Budget
Senator Solomon Adeola, vice chairman, Senate Committee on Communications, representing Lagos West on the platform of All Progressives Congress (APC) has faulted moves by Mrs. Kemi Adeosun, minister…
- 26 Feb 2026
History is Watching: Tinubu’s Moment to Rescue Nigeria’s Stolen Future
By Blaise Udunze Governance is not complicated. It is about people and the resources entrusted to serve them. When resources are managed wisely, the people prosper, and prosperity spreads. Mismanage…
- 8 Aug 2022
Senate Asks FG Agencies to Account for N1.7 Trillion Security Votes
The Senate, through its standing Committee on Public Accounts, has begun a probe of over 1.7 trillion service vide votes allocated to federal agencies from 2017 to 2021 budgets. Senator Matthew…
- 27 Feb 2020
Reps Asks MTN to provide Proof of Tax Remittances
House of Representatives has asked MTN Nigeria, to tender all its financial records to confirm if the taxes the firm collected on behalf of the Federal Government were duly remitted. Mr James Faleke,…
- 11 Mar 2013
Reps Order Arrest of NNPC Boss, Others over N142.7Bn Debt
House of Representatives Committee on Finance has said that the Nigerian National Petroleum Corporation (NNPC) owes the Federal Government N142.7 billion and that the Corporation has not shown any…
- 21 Aug 2020
Senate Alleges Multi-Billion Naira Fraud in NTA, Startimes Deal
Senate has uncovered an alleged multi-billion Naira fraud in the joint venture operations between, the Nigerian Television Authority (NTA) and StarTimes, a Chinese Satellite Pay TV. The allegation…
- 31 Oct 2021
SERAP Sues Buhari, Asks Court to Order Recovery of Alleged Missing N881Bn in 367 MDAs’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that over N880bn of public funds are missing…
- 5 Jan 2020
Depletion of ECA Leaves Nigerian Economy Vulnerable- World Bank
Nigerian economy has become more vulnerable to shocks as a result of the depletion of the Excess Crude Account (ECA), according to the World Bank. The ECA was established in 2004 to save revenues in…
- 22 Feb 2026
$214Bn Missing, Institutions Silent: Is Accountability Dead in Nigeria?
By Blaise Udunze Between 2010 and 2026, a staggering $214 billion, approximately N300 trillion in public funds, has been reported as missing, unaccounted for, diverted, unrecovered, irregularly…