Federation Account Allocation Committee Allocates N1.13 Trillion In December 2023 – A Game-Changer For National Development

Federation Account Allocation Committee Allocates Positive N1.13 Trillion in December 2023 – A Game-Changer for National Development

The Federation Account Allocation Committee (FAAC) declared a remarkable distribution of N1.13 trillion in earnings for December 2023. This marked a substantial increase of N500 billion compared to the previous month’s allocation, demonstrating a positive financial trend. The committee, led by Dr. Oluwatoyin Madein, the Accountant General of the Federation, disclosed the breakdown of this…

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Efcc Unveils Shocking Details, Ex-Governor Willie Obiano Faces Trial Over Alleged N4Bn Theft

Former Anambra State Governor, Willie Obiano, to Face Money Laundering Charges

EFCC Set to Arraign Obiano Before Justice Ekwo In a significant development, the Economic and Financial Crimes Commission (EFCC) is poised to arraign the immediate-past governor of Anambra State, Chief Willie Obiano, on Wednesday, January 24. The charges against him revolve around alleged money laundering amounting to a staggering N4 billion. This move follows the…

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Federal Government Initiates Sale Of Five Power Plants To Boost Energy Sector

Federal Government Initiates Sale of Five Power Plants to Boost Energy Sector

In a significant move, the Federal Government, through the Bureau of Public Enterprises (BPE), has embarked on the sale of five power plants under the National Integrated Power Projects (NIPP), marking a crucial development in the country’s energy sector. The transaction, currently in progress, aims to generate approximately $1.15 billion in revenue, as revealed on…

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Senator Ndume Issues Powerful Warning To President On The Implications Of Relocating Cbn And Faan Headquarters To Lagos

Senator Ndume Issues Powerful Warning to President on the Implications of Relocating CBN and FAAN Headquarters to Lagos

Senator Ndume’s Warning to President Tinubu Senator Ali Ndume issued a stern warning to President Bola Tinubu regarding the proposed relocation of Central Bank of Nigeria (CBN) and Federal Airports Authority of Nigeria (FAAN) headquarters to Lagos. Ndume expressed concern over the influence of what he called the “Lagos Boys” cartel, cautioning that there could…

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President Tinubu'S Admirable Decision To Refrain From Hosting His 72Nd Birthday Amidst Nigeria'S Challenges

Northern Senators Forum Expresses Concerns Over 2024 Budget and Federal Agencies’ Relocation

Allegations of Unfairness in the N28.7tn 2024 Budget 2024 Budget: In a significant development, the Northern Senators Forum, comprising 58 lawmakers, has raised serious concerns about the fairness of the projections and provisions in the N28.7tn 2024 budget. The lawmakers, representing various constituencies in the North, argue that the allocation and distribution of resources appear…

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Tinubu'S Masterstroke, Uniting Political Titans For A Resilient Apc

Tinubu’s Masterstroke, Uniting Political Titans for a Resilient APC

President Tinubu’s Strategic Move for Reconciliation President Bola Tinubu initiates a bold step towards reconciling political heavyweights, Rabiu Kwankwaso and Abdullahi Ganduje, key players in the NNPP and APC respectively. This strategic move aligns with Tinubu’s broader political agenda as he gears up for a potential second term in office in 2027. The president’s proactive…

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Efcc Operation Nabs 24 Suspected Internet Fraud Trainees In Uyo

EFCC Operation Nabs 24 Suspected Internet Fraud Trainees in Uyo

In a significant operation conducted on Monday, January 22, 2024, the Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) successfully apprehended 24 suspected internet fraudsters undergoing training in Uyo, Akwa Ibom State. The arrests were made at a storey building believed to be a notorious hub for grooming individuals in cybercriminal activities….

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Federal Government Ridiculously Proposes N48,000, N54, 000 Minimum Wages Says Labour Unions -Negotiations Deadlocked

President Tinubu Defends 47-Minister Cabinet, Says No to Reducing His Cabinet Members

President Tinubu’s Doubt on Cabinet Reduction President Tinubu, in a candid statement, expressed skepticism about reducing his cabinet. He emphasized that there is no guarantee that a smaller cabinet would lead to improved governmental performance. The President’s stance raises questions about the effectiveness of downsizing in achieving administrative efficiency. Despite facing criticisms for the size…

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