Showing posts with label Latest News. Show all posts

Governor blames Buhari for naira crash

Business,Latest News,News,

Governor blames Buhari for naira crash

Governor blames Buhari for naira crashEkiti state governor, Ayodele Fayose, has blamed President MuhammaduRead More...

Innoson Keeps Our Jets In Operation Against Boko Haram

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Innoson Keeps Our Jets In Operation Against Boko Haram

Innoson Keeps Our Jets In Operation Against Boko HaramNigeria’s Chief of the Air StaffRead More...

Finance minister says 23,000 ghost workers were discovered in civil service

Finance minister says 23,000 ghost workers were discovered in civil service



The minister of finance, Kemi Adeosun revealed that 23,000 ghost workers were discovered in the federal civil service.


Daily Post reports that Adeosun said the ghost workers will be handed over to the Economic and Financial Crimes Commission (EFCC).


She made this revelation while addressing, the Senate committee on Finance, during her budget defence session.


Adeosun also said banks that worked with the civil servants to defraud the government will also be prosecuted.


She said “We will not only sack them, we will ensure the recovery of the money they have been collecting over the years from the Federal government.”


The finance minister also said Nigeria's decision to collect government payments in one bank account will help limit state borrowing, reduce payment delays and curb corruption.


During the visit of the International Monetary Fund (IMF) boss, Christine Lagarde Adeosun also said Nigeria plans up to $5 bln borrowing from sources including Eurobonds.


The minister has also hinted that the government was working on the introduction of performance-related pay for the Nigeria Customs Service (NCS), to motivate improved revenue collection and reduce corruption.



Buhari has plunged Nigerian economy into recession says Utomi

Business,Latest News,News,

Buhari has plunged Nigerian economy into recession says Utomi

Buhari has plunged Nigerian economy into recession says UtomiThe possibility of the Nigerian economyRead More...

Amechi says he is discussing with President Buhari on national carrier

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Amechi says he is discussing with President Buhari on national carrier

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Emefiele unveils plans to stabilize Naira as TSA savings hit N2trillion

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Emefiele unveils plans to stabilize Naira as TSA savings hit N2trillion

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N31b fraud: Anenih, George, Odili, others may refund N630m slush fund

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N31b fraud: Anenih, George, Odili, others may refund N630m slush fund

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