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Salary Bailout

N20bn Salary bailout: Kogi govt tackles EFCC

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Kogi, Court

*Plans to sue anti-graft commission Tunde Opalana, Abuja The Kogi State Government, on Thursday, tackled the Economic and Financial Crimes Commission (EFCC) over allegations of a N20 billion Salary bailout fund kept in a fixed deposit account in a commercial bank. The government also disclosed that it will seek legal redress over allegations of mismanagement […]

Bail-out Fund: FG deducts N122bn from 35 states’ FAAC share in 7-months -NBS

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Motolani Oseni The Federal Government (FG) deducted an accumulated sum of N122.4 billion from the monthly allocation due to thirty-five (35) states in Nigeria between January and July 2019, the monthly Federal Account Allocation Committee’s (FAAC) report released (year-to-date) by the National Bureau of Statistics (NBS) has shown. While providing details on the item, the […]