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FG lost N54.1bn in exchange rate on external loan – Senate

FG lost N54.1bn in exchange rate on external loan – Senate
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

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Senate Directs AGF to Sanction Officials Involved in Alleged Mismanagement of $274.2 million

Deji Elumoye
The Senate has uncovered how some officials of the Office of Accountant General of the Federation (AGF) made Nigeria to lose difference of $274.2 million (N54.1bn) on external loan.
The revelation was contained in the report of Senate Committee on Public Accounts on 2015 Financial statement of the Federal Government of Nigeria and the Federation Account which was approved by the Red Chamber before proceeding on its annual recess last week.
The upper chamber has therefore asked the Accountant General of the Federation, Ahmed Idris, to identify the officers responsible and sanction them for mismanagement of public fund in accordance with Rule 3115 of the Financial Regulations and for gross misconduct. ....

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FAAC shares N733.095bn for June 2021 to FG, states, LGs

FAAC shares N733.095bn for June 2021 to FG, states, LGs
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Lagos State , Ogun State , Abuja Federal Capital Territory , Kabir Adenuga , Richard Ajibola Ogunderu , Kenny Razak Lawal , Benneth Oluwadaisi , Nigerian Airways , Lagos State Judicial Panel Of Inquiry , Nigerian Army , Nigerian Railway Corporation , Federation Accounts Allocation Committee , Companies Income Tax , Exchange Gain , Government Councils , Federation On , Petroleum Profit Tax , Office Of Accountant , Accountant General , Value Added Tax , Excess Crude Account , Federal Government , State Governments , Local Government Councils , Gas Royalties , Excise Duty ,

Govt makes yet another promise to pay suppliers on time

Govt makes yet another promise to pay suppliers on time
sundaystandard.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundaystandard.info Daily Mail and Mail on Sunday newspapers.

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Recovered Loots: Reps query differences in Accountant General, CBN's records

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The House of Representatives committee investigating recovered assets, on Monday, discovered some discrepancies in the records of the Office of Accountant General of the Federation and the Central Bank of Nigeria.
Sabo Mohammed, the representative of the Accountant General of the Federation, Ahmed Idris, was unable to defend the differences discovered by the committee during the hearing.
According to a document submitted by Mr Mohammed, N15 million was transferred to the asset recovery account on February 14 but the committee chairman, Adejoro Adeogun (APC, Ondo), said the bank statement obtained from the CBN did not contain the said amount.
Mr Adeogun also accused the OAGF of violating section 80(3) of the 1999 constitution by approving the disbursement of funds from the recovery accounts without appropriation of the National Assembly. ....

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