The Gombe State Government has approved the sum of N1.499 billion for the supply and installation of biometric attendance system to check payroll fraud in the state’s civil service. Muhammad Magaji, the state’s Commissioner of Finance and Economic Development, stated this, on Wednesday, while addressing newsmen after the 12th State’s Executive Council meeting. Magaji said the initiative tagged “Gombe state Integrated Payroll Payment Gateway and Human Resource Management Information System’’ would help to reduce, if not eliminate, payroll fraud. According to him, when installed, the system would increase transparency in the payment of salaries and pensions, as well as effectively manage the state’s human resource capacities at both state and local government levels. He stated that the initi...
Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021. David Malpass, World Bank president, made the announcement at the virtual spring meeting, on Wednesday. TheCable had earlier reported that the G-20 countries will meet this week to consider an extension of the debt freeze. The G-20, is a group of finance ministers and central bank governors from 19 of the world’s largest economies, including those of many developing nations, along with the European Union. G-20 countries had established a debt service suspension initiative (DSSI) which took effect in May 2020. Nigeria had benefited from the initiative which delivered about $5 billion in relief to more than 40 eligible countries. The suspension period which was or...
The Delta State Government says it will challenge federal government’s plan to deploy the recently returned £4.2 million (around N2.2 billion) recovered from former governor, James Ibori, at the Supreme Court. The Commissioner for Information, Ehiedu Aniagwu, disclosed this on Tuesday while reacting to news of the repatriation of the funds, which the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), said would be used to complete the ongoing work on Second Niger Bridge, Abuja-Kano Road and the Lagos-Ibadan road. “We would try to get take advantage of the legal system to make the federal government correct the injustice they are about to visit on us as a state,” he said. “If they are quite sure that the funds they are about to repatriate left Delta State on ...
Kano State Governor, Abdullahi Ganduje, has said about four million people have so far registered as members of the All Progressives Congress in the ongoing membership registration /re-validation exercise in the State. This was contained in a press statement signed by the Chief Press Secretary to the Governor, Abba Anwar, in Kano on Monday. He quoted the governor as saying this during the Sixth APC Stakeholders meeting, in Kano. The statement quoted Ganduje, as saying, “The registration of members has hit between three and four million members, as the state has already exhausted all the registration slips, issued to the state and is expecting more from the APC headquarters.” However, Ganduje appealed to those coordinating the registration, to ensure fairness and transparency, in the regist...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...