Revenue Base
Report: Nigerian politicians own 800 assets worth $400 million in London, Dubai
File Photo An Associate Fellow of Chatham House, London, Mr. Matthew Page, said yesterday that 800 property worth $400 million and owned by Politically Exposed Persons (PEP) in Nigeria were located in London and Dubai. The revelation is coming as the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanonye, said it dragged about 2,000 corporate entities into the country’s tax net. A statement issued by ICPC said Page made the disclosure in his paper presentation titled: “IFFs through the Real Estate and Education Sectors: Implications for Investigators,” at an event organised by the agency in Abuja. He urged the investigators of the ICPC to pay attention to real estate and education sectors-linked illicit financial flows. He noted ...
Nasarawa government recommits to infrastructural development
Alhaji Yusuf Mada, the Special Adviser to Gov. Abdullahi Sule of Nasarawa State on Infrastructure, says the State Government is committed to the provision of infrastructure to improve the lives of the people. Mada stated this on Monday in Nassarawa Eggon while playing host to All Progressives Congress (APC) Wakama Ward stakeholders in Nassarawa Eggon Local Government Area of the state. The special adviser said the provision of infrastructure would also stimulate the state’s socio-economic activities, revenue base and the overall development of communities across the state. He said that the giant strides achieved by Sule was geared towards bringing the much needed dividends of democracy to the door steps of residents. “I want to commend you for the visit and to assure you of His Excellency,...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
