Category: Budget and Expenditures

Reps To Probe Lagos-Calabar Coastal Highway Procurement, Says Project Not Okayed

Posted on By Rextun boss No Comments on Reps To Probe Lagos-Calabar Coastal Highway Procurement, Says Project Not Okayed

The House of Representatives has yesterday declared that the Lagos-Calabar coastal highway had no approval of the National Assembly and therefore set to investigate the procurement process of the project. The House consequently called on the Minister of Works, Minister of Finance and the Attorney-General of the Federation and Minister of Justice to ensure that…

Read More “Reps To Probe Lagos-Calabar Coastal Highway Procurement, Says Project Not Okayed” »

Budget and Expenditures, National Assembly

2024 Budget Of Renewed Hope Fraught With ‘Misuse’ Of Funds By MDAs

Posted on By Rextun boss No Comments on 2024 Budget Of Renewed Hope Fraught With ‘Misuse’ Of Funds By MDAs

No fewer than 15 federal government ministries, departments, and agencies (MDAs), including the Presidency, and their associated agencies have allocated a staggering N8,997,097,623 billion to welfare packages out of the over N46 billion earmarked for vague “miscellaneous” expenses across board in the 2024 national budget, investigations has revealed. According to Leadership newspaper reports, these MDAs…

Read More “2024 Budget Of Renewed Hope Fraught With ‘Misuse’ Of Funds By MDAs” »

Budget and Expenditures

I Got Over N1bn Allocation For Constituency Project– Ned Nwoko

Posted on By Rextun boss No Comments on I Got Over N1bn Allocation For Constituency Project– Ned Nwoko

The senator for Delta North senatorial district, Ned Nwoko has disclosed that he received more than N1 billion for constituency projects. Nwoko, during a recent interview, mentioned that the allocation of resources to senators often varies based on the magnitude of their constituency projects, indicating that it’s not uncommon for some, including himself, to receive…

Read More “I Got Over N1bn Allocation For Constituency Project– Ned Nwoko” »

Budget and Expenditures, National Assembly

SERAP Urges Akpabio To Reinstate Ningi And Refer Allegations To EFCC, ICPC

Posted on By Rextun boss No Comments on SERAP Urges Akpabio To Reinstate Ningi And Refer Allegations To EFCC, ICPC

Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Mr Godswill Akpabio to “urgently refer the allegations that lawmakers padded the 2024 budget by irregularly inserting projects worth N3.7 trillion to appropriate anti-corruption agencies for investigation and prosecution.” SERAP urged him “to immediately reinstate whistleblower Abdul Ningi who was recently suspended from the…

Read More “SERAP Urges Akpabio To Reinstate Ningi And Refer Allegations To EFCC, ICPC” »

Budget and Expenditures, Civil Society Organizations, National Assembly

House of Reps To Subpoena, May Issue Bench Warrant On Binance executives

Posted on By Rextun boss No Comments on House of Reps To Subpoena, May Issue Bench Warrant On Binance executives

The House of Representatives Committee of Financial Crimes has resolved to recommend that the House invokes its powers to subpoena and arrest executives of Binance. This followed the failure of executives of the company to appear in an investigation hearing by the Committee on Monday, March 4. Chairman of the Committee, Hon Ginger Obinna Onwusibe,…

Read More “House of Reps To Subpoena, May Issue Bench Warrant On Binance executives” »

National Assembly

I Didn’t Authorize Any Payment Into Private Account As Requested By Betta Edu – AGF Madein

Posted on By Rextun boss No Comments on I Didn’t Authorize Any Payment Into Private Account As Requested By Betta Edu – AGF Madein

The Accountant General of the Federation (AGF), Oluwatoyin Madein, has said she did not make any payment on behalf of the Ministry of Humanitarian Affairs and Poverty Alleviation into a private account. She stated this while reacting to a letter showing a request from the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, for…

Read More “I Didn’t Authorize Any Payment Into Private Account As Requested By Betta Edu – AGF Madein” »

Budget and Expenditures

Civil Aviation Authority Budgets N2bn For Office Stationeries; N8bn For Local, Foreign Trips In 2024

Posted on By Rextun boss No Comments on Civil Aviation Authority Budgets N2bn For Office Stationeries; N8bn For Local, Foreign Trips In 2024

The NCAA plans to spend N2bn on office stationeries; and budgeted N8 billion for local and international trips in 2024. The amount was presented in the 2024 government-owned entities’ (GOEs) budget proposal. The GOEs’ budget comes a week after the national assembly passed the 2024 appropriation bill, increasing its size from N27.5 trillion proposed by…

Read More “Civil Aviation Authority Budgets N2bn For Office Stationeries; N8bn For Local, Foreign Trips In 2024” »

Budget and Expenditures

Federal Ministry To Spend N2.5bn On Roadshows, Furnitures

Posted on By Rextun boss No Comments on Federal Ministry To Spend N2.5bn On Roadshows, Furnitures

The Federal Ministry of Industry, Trade and Investment will spend the sum of N2.5bn in 2024 on the procurement of furniture and new fittings, creation and partitioning of new offices, trade intelligence as well as investment promotion, image rebranding and roadshows. According to an analysis of the recently signed 2024 Appropriation Bill, the ministry plans…

Read More “Federal Ministry To Spend N2.5bn On Roadshows, Furnitures” »

Budget and Expenditures

National Assembly Gets Highest-ever Budgetary Lawmakers Allocation of N344bn

Posted on By Rextun boss No Comments on National Assembly Gets Highest-ever Budgetary Lawmakers Allocation of N344bn

The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will be the highest-ever budgetary allocation to the National Assembly whose initial allocation in the 2024 budget proposal was pegged at N197.93bn. The increase in allocation to the Senate and House of Representatives is happening amidst a cost-of-living crisis…

Read More “National Assembly Gets Highest-ever Budgetary Lawmakers Allocation of N344bn” »

National Assembly

NASS Votes N10bn For Car Parks, Recreation Centre, Passes N28.7trn 2024 Budget

Posted on By Rextun boss No Comments on NASS Votes N10bn For Car Parks, Recreation Centre, Passes N28.7trn 2024 Budget

The National Assembly, on Saturday, passed the harmonised 2024 Appropriation Bill totalling N28.77tn, and increased the budget size by N1.2tn, from the N27.5tn proposed by the Executive. The budget was passed by both the Senate and House of Representatives at their respective plenary presided over by the President of the Senate, Godswill Akpabio, and Speaker…

Read More “NASS Votes N10bn For Car Parks, Recreation Centre, Passes N28.7trn 2024 Budget” »

Budget and Expenditures, Uncategorized