News Listing

Monday, October 8, 2012 - 00:10

Amalgamated Forum For Youth Development (AFFYD) Kano, in conjunction with Radio Kano Fm, did an ACID public enlightenment program in Kano, Saturday 6th October, 2012 tagged “Youth and the Society” held at the Espresso Chinese Restaurant Kano to reawaken the youths in Kano and beyond about their roles in bringing a change in Nigeria, democracy and good governance, anti corruption matters, accountability, knowing their rights and getting to know what is provided in the Nigerian Constitution and how the youths can press for their welfare and for the issues that affect them as individuals.

In attendance were a cross section of youth, media men, legal practitioner, and the climax of the event was when the Special Adviser to the Governor on Disabled Persons Hon. Usman...

Friday, October 5, 2012 - 06:44

The Edo State House of Assembly has passed a N8.59 billion Supplementary Budget into law.

It is a reduction of the N10.9 billion proposal sent to the House by Governor Adams Oshiomhole.

The supplementary budget comprises N909 million for recurrent expenditure and N7.6 billion for capital expenditure.

The Chairman, House Committee on Appropriation, Budget and Project Monitoring, Peter Aliu, said the supplementary budget was reduced because the 2013 Budget would soon be presented to the House.

Under capital expenditure, N1 billion was earmarked for education; N2.7 billion for drainage, sewage and environmental protection; N3.3 billion for works and roads; and N6 million for others.

Under recurrent expenditure, the Ministry of Education got N15 million,...

Thursday, October 4, 2012 - 11:46

Contrary to various dates being bandied, October 10 is the new date for President Goodluck Jonathan to present the 2013 Appropriation Bill to the National Assembly.

Coordinating Minister for the Economy (CME) and Minister of Finance, Dr. Ngozi Okonjo-Iweala confirmed the new date to THISDAY in a telephone conversation.

Although it could not be confirmed how the October 10 date was arrived at, the new date is believed to have been chosen during Wednesday’s meeting between the leadership of the National Assembly and the executive arm of government.


Wednesday, October 3, 2012 - 12:30

The Oyo State House of Assembly yesterday passed into law the N30,396,508,000 Supplementary Budget.

The passage followed a report by the House Committee on Public Accounts, Finance and Appropriation, headed by Mr. Olusegun Olaleye.

The House, presided over by Speaker Monsurat Sunmonu, hailed Governor Abiola Ajimobi’s vision for the state.

They considered the supplementary budget would enable the government complete ongoing projects and execute new ones.

Twenty-three billion naira was allotted to the Ministry of Works and Transport and N145,700,000 to infrastructure.

Others are N160,808,000 for the baseline data gathering programme of the Ministry of Economic Planning; N3 billion for the Consolidated Revenue Fund charges and N1 billion for...

Friday, September 28, 2012 - 11:53

The planned presentation of the 2013 budget proposal by President Goodluck Jonathan to the joint Session of the National Assembly next week has been put off by the National Assembly. .

The House of Representatives, which made this position known yesterday, declared that its decision to stop the presentation had also received the endorsement of the Senate.

It hinged its decision on the fact that the Mid-Term Expenditure Framework upon which the 2013 budget would be based had not been approved by the National Assembly.

In a letter dated August 17, 2012, and read to lawmakers by Speaker Aminu Tambuwal last week, Jonathan requested the House to approve the mid-term expenditure framework to enable him present the 2013 budget proposal. .

And in...

Friday, September 28, 2012 - 11:33

The Akwa Ibom State House of Assembly on Thursday passed the N125 billion supplementary budget into law.

A breakdown of the budget showed that N11.88 billion was earmarked for recurrent expenditures while N113 .43 billion was voted for capital projects, the News Agency of Nigeria reports.

The supplementary budget took effect from June 1.

The Speaker, Mr. Samuel Ikon, said it became necessary to provide additional services for Akwa Ibom people in the outgoing fiscal year.

Ikon urged the executive after the passage of the law to continue to exercise fiscal discipline in the implementation of the budget.

He said that the fifth assembly would do its best to leverage development in the state through the making of good laws.

Governor Godswill...

Friday, September 28, 2012 - 11:25

President Goodluck Jonathan has declared his assets and has no case to answer, Dr Sam Saba, the Chairman of the Code of Conduct Bureau, has said.

“As far as we are concerned, Mr President has declared his assets, though not publicly. There is no law that says that you should declare your assets publicly; it simply states that you should declare your assets.

“What is important is that he has declared his assets and when we go through his form and we discover any area that is questionable, then we will take him to court,’’ he said.

Saba spoke through Alhaji Ibrahim Manzo, the Federal Commissioner representing North-West in the CCB, who represented him...

Wednesday, September 26, 2012 - 13:35

President Goodluck Jonathan is to present the 2013 budget before a joint session of the National Assembly on October 4, 2012.

This was contained in a letter read by the President of the Senate, David Mark, at plenary session in Abuja, on Tuesday.

In the letter, President Jonathan expressed his desire to address a joint session of legislators on the said date.

The letter, which was addressed to the Senate President, read, “I write to crave your kind indulgence to grant me the slot of 12:00noon on Thursday, October 4, 2012, to enable me formally address a joint session of the National Assembly on the 2013 Budget.

“While thanking the Distinguished Senators of the Federal Republic for the constancy of their support, please accept, Distinguished Senate President...

Wednesday, September 26, 2012 - 13:26
Former Federal Commissioner for Information, Chief Edwin Clark, has called on President Goodluck Jonathan to remove the Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Lamorde, from office.

He alleged that Lamorde played some roles in the $15m offered former EFCC chairman, Mallam Nuhu Ribadu, by former Delta State Governor James Ibori.

Unlike Lamorde’s claim, Clark insisted that the money belonged to the Delta State Government.

Clark spoke in Abuja on Tuesday at a press briefing.

He alleged that there were contradictions and lies in the affidavit deposed to by the EFCC concerning the Ibori’s $15m bribe.

For example, he said  the affidavit deposed to on August 10 2012 by Bello Yahaya, a Police officer attached to the EFCC...

Tuesday, September 25, 2012 - 23:48

The Lagos State House of Assembly, yesterday, gave approval in principle to the request of Governor Babatunde Fashola for budget re-ordering to enable him augment the state’s bond issuance from N50 billion to N80 billion.

The budget re-ordering makes provision for World Bank Development Policy Operations, DPOs, from N30billion to be re- ordered to bond issue.

However, the House similarly, requested that it should be furnished with the debt profile of the state (both foreign and local) including outstanding liabilities before it eventually accedes to the governor’s request.

The House, while considering the recommendation of the Committee on Budget as presented by the Chairman, Hon. Mudashir Obasa, approved that the DPO of N30 billion be included in the Year 2012...

Tuesday, September 25, 2012 - 23:34

Of the N1.3 trillion budgeted for the execution of capital projects in the 2012 budget, the Federal Ministry of Finance has so far released a total of N710.4 billion to the ministries, departments and agencies (MDAs) since the passage of the Appropriation Act in April.

The total release of N710.4 billion is about N306 billion higher than the N404 billion released as at June.

Of the N710.4 billion released, N535.2 billion is cash-backed, and N320.9 billion of the amount has been utilised by the MDAs, representing 58 per cent of the cash-backed funds, while 45.2 per cent of the released amount (N710.4 billion) has been utilised by the MDAs.


Friday, September 21, 2012 - 10:42

Minister of Works, Mr Mike Onolememem, Tuesday commenced the construction of six pedestrian bridges at a contract sum of $10 million (about N1.6 billion) in different parts of Abuja.
The bridges will be built across Nnamdi Azikiwe Expressway by Tafawa Balewa Way (Old Secretariat junction), Nnamdi Azikiwe Expressway by Olusegun Obasanjo Way (Wuye junction) and Nnamdi Azikiwe Expressway by Ahmadu Bello Way (Banex junction).
The others will be at Nnamdi Azikiwe Expressway by Shehu Shagari Way (by NICON junction), Shehu Yar’Adua Way by Okonjo-Iweala Way (VIO Mabushi junction) and Shehu Yar’Adua Way by Ladi Kwali Way (Sheraton junction).
At the ceremony at Old Secretariat junction, Area 1, Garki, Onolememem said the project being handled by three contractors over a period...

Thursday, September 20, 2012 - 14:18


The independent Audit of the Oil and Gas industry by Nigeria Extractive Industries Transparency Initiative (NEITI) which commenced earlier in the year has reached advanced stage. The Audit is investigating all payments streams made by oil companies against receipts by government agencies into the Federation account from 2009 to 2011.

The audit will examine the basis for computation and calculation of those payments, fees, taxes, royalties owed by companies and what government receives, the process of remittance into the federation account.

The NEITI audit 2009-2011 also covers investment flows involving governments’ payments by way of joint venture investments, loans,...

Saturday, September 8, 2012 - 10:40

The Federal Government, in a bid to avert a nationwide fuel scarcity, on Friday met with major oil marketers.

It was gathered shortly after the meeting that the payment for fuel subsidy would resume by next week following the completion of work done by the auditors set up by the FG to verify fuel subsidy claims.

About N200bn is currently being owed the oil marketers by the FG.

The meeting, which was presided over by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, was attended by top executives of the major oil companies.

Present at the meeting were the Chairman, Presidential Committee on the Verification of Fuel...

Wednesday, August 29, 2012 - 10:01

Former President Olusegun Obasanjo has scored his administration high, saying he achieved all that he set out to do as President between 1999 and 2007.

Obasanjo said this in Lagos on Tuesday after delivering a lecture titled, ‘Leadership foundation and underpinning’ as the guest speaker at the forum of the Nigeria Leadership Initiative.

He said after observing that Nigeria was at the precipice and under heavy debt, he focused on holding the country together, securing debt relief and improving the image of the country.

When asked if he had regrets concerning his two cycles of political leadership of the country, Obasanjo said, “When I was military Head of State, my main concern was how do we forge a united country and a self reliant country? So, the constitution was...

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