…Points finger at SGF Office, CBN, others The self-acclaimed Director-General of the controversial Presidential Foreign Investment Promotion Council (PFIPC), Adeniyi Adeyemi, has pushed back against allegations that he single-handedly created the disputed agency, alleging that several ministries, departments and agencies (MDAs) of the Federal Government processed, recognised or interacted with the Council. Recall that Adeyemi, who is currently in police custody, made the claims in a statement issued on Sunday through his legal defence team and signed by Festus Akhigbe, while also demanding an opportunity to appear before the House…
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ICPC uncovers 908 fake workers across MDAs; Police top list
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered 908 fake workers across several federal ministries, departments, and agencies (MDAs) in a massive payroll fraud scheme. The anti-graft agency announced that the discovery has led to the recovery of approximately ₦942 million linked to fraudulent salary payments made to these fictitious employees. According to an interview granted to on a foreign radio programme yesterday, its Chairman, Musa Aliyu revealed that the widespread discovery stems from a comprehensive investigation launched by the commission in 2024. The probe was…
Read MorePFIPC probe: H’Reps give defaulting MDAs 48hrs to produce documents, officials
The 10th House of Representatives has escalated its investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC), issuing a 48-hour ultimatum to ministries, departments and agencies (MDAs) that have yet to comply with its summons. The House Ad-hoc Committee investigating the alleged establishment, funding and operations of the council directed all defaulting agencies to appear before it today, Thursday with the relevant officials and documents requested during previous correspondence. The committee warned that failure to comply would trigger the use of the constitutional powers of the National Assembly to…
Read MoreTinubu appoints Fayose, 25 others to federal agencies
President Bola Ahmed Tinubu has approved the appointments of 26 individuals to the boards and leadership of 10 federal agencies and commissions. Ayo Fayose, the former Governor of Ekiti State, will serve as the Chairman of the Rural Electrification Agency (REA). The President’s Special Adviser on Information and Strategy, Bayo Onanuga, announced these appointments in a statement yesterday. Fayose will lead the REA Board, with Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta joining as members and non-executive directors. The Board also includes the agency’s Director-General, Abba Abubakar Aliyu, along with…
Read MoreFG orders MDAs to defer 70% of 2025 capital budget to 2026
The Federal Government has directed Ministries, Departments and Agencies, (MDAs), to carry over 70% of their 2025 capital allocations into the 2026 fiscal year. The directive is contained in the 2026 Abridged Budget Call Circular issued by the Ministry of Budget and Economic Planning and circulated to ministers, service chiefs, and heads of agencies. According to the circular, the government had adopted a new framework that caps all 2026 capital budget ceilings at 70% of 2025 project allocations. Only 30% of this year’s capital budget will be released in 2025,…
Read MoreAlleged ₦167bn MDAs fraud: SERAP sues Tinubu over failure to prosecute contractors
The Socio-Economic Rights and Accountability Project, (SERAP), has filed a lawsuit against President Bola Tinubu over “the failure to direct the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to name and ensure the prosecution of the contractors who collected over ₦167 billion from 31 ministries, departments and agencies (MDAs) but failed to execute any projects”. Joined in the suit as Respondent is the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, (SAN). In the suit, filed last Friday at the Federal High Court, Lagos,…
Read MoreRevenue Shortfall: NASS sets up panel to probe ₦4tr indiscriminate waivers for MDAs
The National Assembly Joint Committee on Finance has constituted a special committee to probe a shortfall of over ₦4 trillion revenue due to indiscriminate waivers by agencies of Government. The decision to set up a panel to probe the shortfall followed a motion moved by Senator Adamu Aliero during the hearing to probe the revenue profiles of Ministries, Departments, and Agencies, (MDAs), and Government-Owned Enterprises, (GOEs), ahead of the 2025 Budget. The hearing was to enable the 10th Senate and House of Representatives committees to develop accurate and realistic revenue…
Read MoreAuGF uncovers N14bn tax fraud in over 30 MDAs under ex-President Buhari
A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies, (MDAs). The findings, disclosed in the Auditor-Generals annual report on ‘Non-Compliance and Internal Control Weaknesses’, highlight serious lapses in tax deductions, remittances, and compliance with financial regulations between 2020 and 2021. The report revealed that six MDAs were responsible for N129.34m in under-deduction of taxes. Paragraphs 234 and 235 of the Financial Regulations (2009) mandate accounting officers to ensure that all applicable taxes, such as Value-Added Tax…
Read MoreTinubu directs MDAs to procure CNG vehicles
President Bola Tinubu has directed all government Ministries, Departments, and Agencies, (MDAs) to purchase compressed-natural-gas-powered vehicles. Presidential spokesman Ajuri Ngelale said this in a statement issued on Monday. In line with his commitment to ensure energy security, drive utility, and cut high fuel costs, President Bola Tinubu has directed the mandatory procurement of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies, Ngelale said. According to him, the move is part of the countrys efforts to transition to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions,…
Read MoreSenate probes NNPCL, NIMASA, 772 others
The 10th Senate is probing the financial records of 774 federal agencies including the Nigerian National Petroleum Corporation Limited, and the Nigerian Maritime Administration and Safety Agency, (NIMASA) based on the queries raised against them in the 2019 report of the Auditor-General for the Federation. The Chairman, Senate Public Account Committee, Aliyu Wadada, disclosed this on Friday in Nasarawa State, while speaking with newsmen. He said, We are currently looking into the books of 774 Ministries, Department and Agencies, (MDAs), to see what was appropriated to them and check whether…
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