“Sanction civil servants collecting salaries after relocating abroad” – Tinubu orders

Tinubu orders

…Demands refund of money fraudulently collected President Bola Tinubu has directed that all civil servants collecting salaries from the government after relocating abroad should be made to refund the money. The President also directed that the supervisors and department Heads of the culprits must also be punished for aiding and abetting the fraud under their watch. Tinubu gave the directive on Saturday, at the award night organised by the Office of the Head of the Civil Service (HOCSF) of the Federation to commemorate the ‘2024 Civil Service Week’. The event…

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₦121.7tr debt: ​”Hold World Bank to account” – SERAP tells Inspection Panel

SERAP World Bank

Socio-Economic Rights and Accountability Project, (SERAP), has sent a complaint to the World Bank’s Inspection Panel, urging the Panel “to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government and Nigeria’s 36 State governors and to review the implementation of all Bank-funded projects by successive governments since 1999”. In an issued letter, dated June 22, 2024 and signed by SERAP Deputy Director, Kolawole Oluwadare, SERAP urged the Inspection Panel “to determine the extent to which Bank Management has followed or…

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Nigerians to start using three-in-one ID card August -NIMC

NIMC ID

Nigerians will in two months begin utilising the services of the proposed three-in-one identity card, the National Identity Management Commission, (NIMC), has confirmed. It said the single multipurpose card combining multiple functions of identity, financial and social services will be made available to citizens across the country by August this year. A high-ranking member of the implementation team, who asked not to be named, disclosed this during an interview on Friday. The official stated that the Commission had been working tirelessly to meet its goals, adding that the plan remains…

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Nigeria’s forex reserves hit a 3-month high

forex

Nigeria’s foreign exchange (forex) reserves have surged to their highest level since March 28, 2024, marking a significant financial milestone that coincides with the longest period of stable exchange rate seen in over a year. This is as the country recorded a stringent p3 of finartuncial commitments from the World Bank, through new multilateral loans. According to the latest data published by the Central Bank of Nigeria (CBN), the reserves now stand at $33.58 billion as of June 19, 2024. This achievement represents a notable recovery since the end of…

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FG provides ₦21bn for 11 DisCos to bridge metering gap

DisCos on metering

The Nigerian Electricity Regulatory Commission, (NERC), on Friday, provided N21 billion for 11 electricity distribution companies, (DisCos), to bridge the metering gap. The amount, which will come from the Meter Acquisition Fund, (MAF), would enable the utilities to address the huge metering gap in the Nigerian Electricity Supply Industry, (NESI). According to the breakdown, Ikeja Electric has highest share with N4.36 billion, followed by Abuja DisCo, N2.99 billion; Eko DisCo, N2.92 billion; Ibadan DisCo, N2.51 billion; Enugu DisCo, N1.72 billion; and Benin DisCo, N1.57 billion. Others are Kano DisCo, N1.56…

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FG begins N2.7tr subsidy debt probe; enlists Auditor-General

FG subsidy probe

The Federal Government has begun the proposed audit of the N2.7trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited, (NNPCL). It was gathered that an audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn. However, in the new audit, the government said it had approved the engagement of the Office of the Auditor-General of the Federation to verify the claims made by the Corporation regarding the amount the Federal Government owes the oil firm. This process was confirmed by the Director, Home…

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ASUU threatens fresh nationwide strike, issues 3 weeks ultimatum to FG

ASUU strike threat

The Academic Staff Union of Universities, (ASUU), has issued a three-weeks ultimatum to Federal Government to respond to its demands, to avoid industrial action. ​Chairperson ASUU Federal University Dutse, FUD, Branch in Jigawa State, Comrade Salim Ahmed gave the warning at an emergency press conference held at FUD, ASUU Secretariat in Dutse. According to him, “the Members of the Expanded Executive Officers of the ASUU Federal University Dutse met today, Wednesday, 19th June 2024, to consider and take a look at the patriotic engagements of the Union with the Federal…

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Nigeria’s public debt rose by N24.33tr in three months – DMO

DMO

Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office, (DMO), has announced. The DMO disclosed the new figure in a press release yesterday in Abuja. This new figure is from a total debt of N97.34trillion (108.23billion) as of December 2023. The Public Debt, comprise of Total Domestic and External Debts of the Federal Government of Nigeria, the thirty-six state governments, and the Federal Capital Territory, (FCT). The report read, “Nigeria’s total public debt stood at N121.67 trillion (USD91.46…

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Coastal highway: Protesters appeal to Tinubu, Umahi to stop planned diversion

Coastal highway project

Some residents of Okun Ajah, in the Eti Osa local government area of Lagos State have cried out over an alleged ethnic bias and favouritism in the planned re-routing of the Lagos Calabar Coastal Highway in the community, urging the Government not to spare law breakers at their expense. The residents, who spoke on the issue, expressed serious concerns that some rich property owners from a certain region of the country who had clearly encroached on the coastal road masterplan have induced some top government officials to ensure that the…

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FG uncovers 1,618 civil servants with fake employment letters

FG on civil servants

The Federal Government has in the past year identified and removed 1,618 officers from the Civil Service, who were found to have illegal and fake employment letters. These individuals have been deleted from the Integrated Personnel Payroll and Information System (IPPIS). This revelation was made by Dr. Folasade Yemi-Esan, Head of Civil Service of the Federation, during a media parley in Abuja as part of the ‘2024 Civil Service Week’ celebrations. The event’s theme was: “Education for an African Fit for the 21st Century: Building Resilient Education Systems for Increased…

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