NDDC to sanction defaulting oil companies Poised to serve the interests of the people more efficiently, Niger Delta Development Commission (NDDC) Advisory Council has resolved to deal decisively with the poor funding which is challenging the Commission. Rising from a meeting about 3am on Sunday, September 28, in Asaba, Delta State capital, the Council said the best...... read more
Sanusi wrong over alleged missing $49.8b, says Senate. • Rejects panel’s proposal to stop fuel subsidy • Wants speedy passage of PIB • Mark blames executive, legislature for graft IT is not true that $49.8 billion oil money is missing from the Federation Account as alleged by a former Governor of the Central Bank of Nigeria, Malam Sanusi Lamido Sanusi, the Senate declared Thursday.Adopting the report of its Finance Committee, which investigated the matter, the upper legislative chamber, however, rejected...... read more
SENATE WARNS AGAINST POWER SECTOR COLLAPSE The Senate Committee on Privatisation has warned that if the huge amount of debt in the power sector is not addressed, it could collapse the power generation and transmission companies in the country. Chairman of the Committee, Senator Gbenga Obadara made the observation during the committee oversight visit to the National...... read more
Pension scam: Abia suspends treasury officers’ salaries Irked by the reluctance of the staff of sub- treasuries to implement government new policy on electronic payment of pensioners, the Abia State Govenment has directed the immediate stoppage of the salaries of the staff of the sub- treasury . Commissioner for Finance, Dr. Philip Nto, in a release said that...... read more
FG moves against unlicensed service providers THE Federal Government has threatened severe sanction against unlicensed Private Employment Agencies, PEAs, otherwise known as service providers, as it partners with stakeholders to check cases of unfair labour practices in Nigeria.Speaking through the Minister of Labour and Productivity, FMLP, Chief Emeka Wogu, the government called on the unlicensed PEAs to...... read more
Smuggling: Shut Nigeria’s border with Benin, group tells govt WORRIED by the dwindling fortunes of member companies, the Chemical and Non-Metallic Products Employers Federation (CANMPEF) has called on the Federal Government to shut its border with Republic of Benin, as a strategic measure to check smuggling – induced de-industrialisaiton of Nigeria. The body forwarded this “Save-Our-Soul” request to President Goodluck Jonathan...... read more
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