Federal Ministry of Finance
Official: Nigerian government to establish central database for forfeited assets
The Federal Government’s inter-ministerial committee on assets disposal said Tuesday that it would create a central database of assets for finally forfeited assets. The chairman of the committee, Dayo Apata, said this during a courtesy visit of the committee to the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja. Mr Apata, who is the Solicitor-General of the Federation and Permanent Secretary, Ministry of Justice, said: “the committee will create a central database of assets that had been forfeited to the Federal Government to ensure the Federal Government gets value for all the forfeited assets”. “Introducing uniform process of assets disposal, and avoiding wastages, so that the Federal Government can have the full benefit of what has been forfeited,” a statem...
Plateau government denies taking $359 million loan from AfDB
Plateau State government has denied the allegation of taking $350m African Development Bank, AfDB loan saying such allegation is frivolous as the government only took $11.2 million of which, 70% of the amount is being committed to infrastructure, 20% to capacity building and 10% for project management. A former Minister of Youth and Sports, Solomon Dalung, last Thursday at a webinar discussing why Plateau State lost its relevance at the national stage, accused the Governor, Simon Lalong of non-performance despite taking loans that have no impact on the lives of citizens. Dalung said, “$350 million (N140 billion) was approved for the Plateau State governemnt by the Federal Executive Council for the purpose of the potato value chain. I was a serving Minister at the time, so I was part of tha...
Senator Lawan: Why privatisation of power sector must be reviewed now
President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the charge in his concluding remarks on a motion considered on the floor during plenary on Tuesday. The motion titled: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” was sponsored by Senator Gabriel Suswam (PDP – Benue North East). The Senate President, who bemoaned what he described as the “inefficiency of Power Generating and Distribution companies” in the country, called for a review or eventual reversal of the terms of privatization. According to Lawan, parties involved in the shared purchase agreement with the federal government can only seek the intervention of the latter when sufficiently justified. “The...
Court issues bench warrant for arrest of two Sri Lankans
A High Court of the Federal Capital Territory High Court at Maitama, on Wednesday, issued a bench warrant for the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to arrest two nationals of the Democratic Socialist Republic of Sri Lanka. Trial Justice Olasumbo Goodluck ordered that the two Sri Lankans Messrs Saththiyaraj Kantharasa and Vinith Ukantharasa, should be arrested after they failed to appear in court to enter their plea to a criminal charge pending against them. They were accused of forging the passports, national identity card and driving license of the Republic of Malaysia, in connivance with their Nigerian partner, Anthony Adetokunboh. A statement that was signed by spokesperson for the Commission, Mrs. Rasheedat Okoduwa, disclosed that the trio were ...
