Tag: NPA

Revenue Generation: FG takes over NNPC, Customs, FIRS, NPA, NIMASA, NCC, others

Ishaku Yohanna

Pressured by dwindling revenues and heavy debt burden, the Federal Government on Tuesday moved to boost its resources by directly taking over control of revenue management of its 10 most lucrative enterprises. The 10 government-owned enterprises (GOE) named in the first phase of the initiative are Nigerian National Petroleum Corporation (NNPC), Nigerian Ports Authority (NPA), Nigeria Maritime Administration and Safety Agency (NIMASA), Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NSS). Others include Corporate Affairs Commission (CAC), Department of Petroleum Resources (DPR), Nigerian Communications Commission (NCC) Federal Airports Authority…

Read More

Reps probe CBN, NNPC, NPA, PEF, others over alleged alienation, sale of government landed properties

Ishaku Yohanna

The House of Representatives will, on Wednesday, commence investigative hearing into the petition against the implementation Committee of White Paper on the Commission of Inquiry into the alienation and sale of Federal Government landed property from inception to date levelled against the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC). The investigative hearing was initiated by the House Committee on Public Accounts chaired by Hon Wole Oke. The Federal Executive Council (FEC) had in 2005 approved guidelines for the sale of Federal Government houses across the country, including…

Read More

China Loan: OPC accuses Buharis government of mortgaging NPA as part of payment plan

Ishaku Yohanna

The Oodua Peoples Congress (OPC) has condemned the President Muhammadu Buhari led governments loan arrangements with China. It said the administration had embarked on a suicidal mission that will push the Nigerian economy to its knees. OPC Publicity Secretary, Yinka Oguntimehin, in a statement on Tuesday expressed worry that the borrowings would make the South-West the greatest loser. Noting that Minister of Transportation, Rotimi Amaechi, said it will take the Federal Government about 20 years to pay back the loan, OPC decried that government failed to judiciously utilise previous loans…

Read More